藏精阁 offers a number of scholarships to its students. New first-time freshmen students are considered for merit-based scholarships when they are reviewed for admission. A list of scholarships that students may receive can be found below.
| Academic Scholarships | |
| Board of Trustees Scholarship | The Board of Trustees Scholarship satisfies tuition, fees, and room & board costs for students who are awarded. |
| Presidential Scholarship | The Presidential Scholarship satisfies tuition and fees for students who are awarded. |
| Saint Katharine Drexel Scholarship | The St. Katharine Drexel Scholarship satisfies tuition and fees for students who attend a Catholic high school within the United States and are the Valedictorian or Salutatorian of their high school graduating class. |
| Norman C. Francis Scholarship | The Norman C. Francis Scholarship satisfies tuition and fees for students who attend a public high school within Orleans or Jefferson Parishes and are the Valedictorian or Salutatorian of their high school graduating class. |
| Xavier University Academic Scholarships | Xavier University Academic Scholarships are partial, merit-based scholarships awarded to students based on information submitted with the application for admission. |
| Xavier University Academic Transfer Scholarships | Xavier University Academic Transfer Scholarships are partial, merit-based scholarships awarded to transfer students based on information submitted with the application for admission. |