The Kalin Award was initiated in 1981 to reward outstanding students. The Huneke Award and the Sister Scholastica Award followed in 1986 and 1995 to recognize outstanding chapter sponsors. The Andree Award was created in 1987 to encourage students who plan to teach mathematics. The Rubin Award was initiated in 2004 to reward a chapter which has shown a history of outstanding service to its community for at least two years with a mathematics project. In 2015, the Regional Sponsor Awards were established to celebrate our wonderful sponsors, who devote their time to making Mu Alpha Theta a success at their school. Most recently, in 2015, the Governing Council added the Governors' Award for Leadership and Service, an additional student award.
Mu Alpha Theta offered the Vector Scholars Program in 2002 to recognize and reward students for outstanding efforts in mathematics and math education. In 2006, the organization began offering merit scholarships to outstanding members and awarded scholarships worth over $200,000 last spring.