Scholarships are awarded to any student who has graduated from an approved high school and has scored a composite of 24-26 ACT or 1120-1220 recentered on the SAT I. This scholarship is equal to one-half standard tuition for the freshman year. It must be used in the academic year immediately following graduation. Students who enroll in another college/university as their primary choice in their projected beginning date forfeit eligibility. This scholarship is awarded by the Lee University admissions office.

Scholarships are awarded to any student who has graduated from an approved high school and has scored a composite of 27-30 ACT or 1230-1399 recentered on the SAT I. This scholarship is equal to standard tuition for the freshman year. It must be used in the academic year immediately following graduation. Students who enroll in another college/university as their primary choice in their projected beginning date forfeit eligibility. This scholarship is awarded by the Lee University admissions office.

Scholarships are awarded to any student who has graduated from an approved high school and has scored a composite of 31-36 ACT or 1400-1600 recentered on the SAT I. In the first phase, all Centennial Scholars receive an amount equal to standard tuition for the recipient's freshman year. The second phase is in effect from the recipient's sophomore year until he or she graduates. In the second phase, they are separated into two categories, Centennial Gold and Centennial Silver. Those with a grade point average of 3.0-3.69 will be designated silver recipients receiving a half tuition discount for each semester that he or she qualifies. Those with a grade point average of 3.7 and above will be designated as gold recipients receiving a full tuition discount for each qualifying semester.

Honor Scholarship is awarded to any incoming applicant or returning student who has passed a minimum of 30 semester hours, whose cumulative GPA is at least 3.70 and who is currently enrolled as a full-time student. The scholarship provides the amount of $2,010 for the semester awarded. This scholarship can be utilized in an unlimited number of semesters as long as all criteria mentioned above are met. Students returning to Lee after graduation for recertification or enrichment classes are still eligible to use this scholarship if all requirements are met. Honor scholarships are awarded by the Office of Records.