The GAA encourages Carolina Clubs to support Carolina students from their area through local club scholarships. Carolina alumni and friends raise funds, and the Office of Scholarships and Student Aid administers those scholarships. 48 students from 22 GAA-sponsored local Carolina Club regions received a Carolina Club scholarship for the 2016-17 academic year.
Two clubs offered another type of scholarship: The Washington, D.C. Black Alumni Carolina Club provided a $1,000 contribution to the Light on the Hill Society Scholarship. The Hong Kong Carolina Club provided a full scholarship to 4 students to study in Hong Kong in summer 2016.