The RTIP awards a variety of scholarships to current and incoming students that range all the way up to the Odds on Racing Scholarship (which covers all of the tuition costs of attending the RTIP), including the:
- Bob Umphrey Memorial Scholarship
- Dave Johnson & William "Bill" Fisher Scholarship
- Harry M. Stevens Scholarship
- Joseph Joyce, Jr. Memorial Scholarship
- Kieckhefer Race Track Industry Endowed Scholarship
- Liz Bracken Endowed Memorial Scholarship
- Mark & Bernie Thurman Endowed Scholarship
- Mildred N. Vessels Scholarship
There is only one application to fill out – each student is automatically entered into all eligible awards in ACBS including the:
- E. Ray Cowden Scholarship
- Hope I. Jones Scholarship
- Josh Morgan Memorial Scholarship
- Albert M. Lane Scholarship
- Arizona Guernsey Cattle Scholarship
- Charles M. Cochran Student Support Scholarship
- H. Lynn and Marjorie M. Anderson Scholarship
- Outlaw Inn Scholarship
- Kenneth Gunter Scholarship