Phi Sigma Pi currently offers four scholarships:
Richard Cecil Todd & Clauda Pennock Todd Tripod Scholarship
In September 1991, Dr. and Mrs. Richard Todd established the Richard Cecil Todd and Clauda Pennock Todd Tripod Scholarship to promote the future academic opportunity of Phi Sigma Pi Brothers who have excelled in embodying the ideals of scholarship, leadership, and fellowship. Dr. Todd passed away on July 18, 1993, but his memory and the innumerable contributions he made to Phi Sigma Pi will never be forgotten.
Dr. Todd completed his undergraduate studies at Millersville University and was inducted into Sigma Chapter in 1937. After finishing his doctoral studies in History at Duke University in 1950, Dr. Todd received a faculty position at East Carolina University. He served as the Tau Chapter advisor for twenty-seven years, and also held membership in Tau Chapter. Mrs. Todd held the distinction of being the first honorary woman inducted into Phi Sigma Pi in 1977 by Tau Chapter. In addition to his contributions to many of the local chapters, Dr. Todd was also a source of stability for the National Office. Over a period of twenty-five years, he served in the offices of National President, Vice President, Counselor, Historian, and Alumni Representative.
All active undergraduate members of Phi Sigma Pi who meet the criteria outlined in the document titled The Richard Cecil Todd and Clauda Pennock Todd Tripod Scholarship of Phi Sigma Pi National Honor Fraternity Charter and Award Criteria are eligible to apply for this yearly scholarship.
| Past Recipients |
| 1993 |
|
- East Carolina University, Tau Chapter
|
| 1994 |
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- East Carolina University, Tau Chapter
|
| 1995 |
|
- University of Maryland, Alpha Beta Chapter
|
| 1996 |
|
- Cornell University, Beta Nu Chapter
|
| 1997 |
|
- East Carolina University, Tau Chapter
|
| |
|
- University of Pittsburgh, Alpha Omega Chapter
|
| 1998 |
|
- Drexel University, Gamma Xi Chapter
|
| 1999 |
|
- University of North Carolina at Wilmington, Beta Omicron Chapter
|
| 2000 |
|
- University of North Carolina at Greensboro, Alpha Chi Chapter
|
| 2001 |
|
- University of Kentucky, Gamma Upsilon Chapter
|
| 2002 |
|
- Edinboro University of Pennsylvania, Upsilon Chapter
|
| 2003 |
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- Millersville University of Pennsylvania, Sigma Chapter
|
| 2004 |
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- East Carolina University, Tau Chapter
|
| 2005 |
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- Temple University, Alpha Lambda Chapter
|
| 2006 |
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- Lock Haven University of Pennsylvania, Beta Eta Chapter
|
| 2007 |
|
- University of Central Missouri, Alpha Chapter
|

Rolla F. Wood Graduate Scholarship
Established in 2004 as the graduate scholarship of Phi Sigma Pi, the award is given to an alumnus/a who has excelled in undergraduate studies and has been accepted to or enrolled in graduate school. The fraternity felt it was vitally important to respect one of our founding principles, namely education, by encouraging the educational advancement of our alumni through the offering of this scholarship.
The scholarship was been named in honor of Professor Rolla F. Wood. Professor Wood's dedication to the betterment of education and his commitment to Phi Sigma Pi led to the scholarship being named in his honor. As a Brother from our Alpha Chapter, roll number 39, a long time Phi Sigma Pi faculty advisor, and past Phi Sigma Pi National President, Professor Wood strove for the advancement of Phi Sigma Pi all through his own graduate years.
To apply for the Rolla F. Wood Graduate Scholarship, the alumnus/a must be in good standing with the collegiate chapter and the National Office of Phi Sigma Pi. In addition, the applicant must be a member of the National Alumni Association and have graduated with at least a 3.00 cumulative GPA on a 4.00 scale from his/her bachelor's program.
| Past Recipients |
| 2005 |
|
- University of California at Berkeley, Delta Omega Chapter
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| 2006 |
|
- University of Maryland, Alpha Beta Chapter
|
| 2007 |
|
- Millersville University of Pennsylvania, Sigma Chapter
|

Lloyd G. Balfour Fellowships
The Balfour Fellowship program was initiated in 1985 and provides financial assistance to full-time students who are enrolled in accredited graduate or professional schools. The fellowships were established in honor of Lloyd G. Balfour of Sigma Chi Fraternity. Applicants must be initiated members of an NIC, NPC, NPHC, or PFA organization who are in good standing. Awards are based upon scholastic achievement (a minimum of a 3.2 GPA or equivalent is required), campus and community involvement and leadership within one's fraternity/sorority.

College Fraternity Editors Association Scholarships
The Board of Directors of the College Fraternity Editors Association established the CFEA Scholarship Program in May 2005 to provide financial support to undergraduate members of Greek organizations who are pursuing degrees in communications-related fields (journalism, graphic design, public relations, broadcasting, etc.). Juniors beginning their senior year in the fall of the upcoming year or seniors who will complete their senior year in the fall of the upcoming year are eligible to apply.

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