St. Paul's provides various forms of recognition and financial support to students to either facilitate their studies, or to assist them in pursuing a passion while fulfilling their degree requirements:
- St. Paul's International Development Continuing Scholarships: An award of $10,000 over four years is awarded to up to four International Development students, based on academic performance and demonstrated contribution to society.
International Development Fellowships: Students in the International Development program who are in the overseas placement option receive free accommodations and a partial meal plan in their 4A and 4C terms.
- Student Project Fund: Any University of Waterloo student may apply to get funding for a project that is in line with St. Paul's mission, vision, or values.
- GreenHouse Social Impact Fund: Students enrolled in the St. Paul's GreenHouse program may apply for funding for their social impact projects, awarded once a term.