Any undergraduate student who obtains at the end of the semester an absolute minimum weighted average of 1.45 or better is given an honorific University Scholarship. Students who qualify for this honor are included in the President's List of Scholars.

Any undergraduate student who obtains at the end of the semester an absolute minimum weighted average grade of 1.75 or better is given an honorific College Scholarship and is included in the Dean's List of Scholars. 

In addition to the weighted average prescribed, a student must: a) have taken during the previous semester at least 15 units of academic credit or the normal prescribed load; b) be up-to-date with all the non-academic requirements (PE and MS); and, c) have no grade below 3.0 in any academic or non-academic subject. 

Grades of Inc. must be completed by the end of the semester, as the effectivity of the scholarship is at the end of the semester concerned. 

Honorific scholarships do not entitle the holders to any tuition waiver, either partial or full.

Journalism students, meanwhile, can avail of full scholarships extended by the department and the Philippine Daily Inquirer, the Pedro E. Teodoro Trust, and the Jardine-Davies Journalism Scholarship Program. 

Broadcast majors can apply for scholarships granted by Sen. Loren Legarda-Leviste and by the Progressive Broadcasting Corporation.
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Communication Research, Film and Broadcast Communication freshmen can also compete for the Goh Kim Pah Scholarship.

For more information about these grants, please inquire with the Office of the College Secretary.
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All UP students can also avail of STFAP privileges, where, depending on their socio-economic status, they can avail of free tuition and book allowances.