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The basic scholarship for Bonner Scholars is $2,100 per academic year.  This amount is distributed to students through monthly checks of $262.50 upon submission of completed timesheets.

The amount of the basic scholarship is deceptive, however, as there are many perks.  Consider:

- If a student is awarded Federal Work Study, this can be paired with the Bonner Scholarship and students can count their service hours for both programs.  Union College awards up to $1,500 per student per academic year.
- Upon successful completion of each of the 2 required summers of service, Bonner Scholars receive an additional $1,500 scholarship on their financial aid award.
- Each Bonner Scholar has access to $1,000 per summer of service to assist with travel and living expenses.
- Senior Bonner Scholars may qualify for an additional $500 to assist with their summer of service expenses.
- Students who graduate as Bonner Scholars are eligible for up to $1,600 in loan reduction from the program.
- When it is available to the program, students may enroll in the AmeriCorps Bonner Leaders Program for up to an additional $2,362.50 education award from the Federal government.