Each year a designated portion of the Coupeville Arts and Crafts Festival proceeds are awarded to students of any age applying to or currently enrolled in a post high school educational institution. Each $1,000 scholarship requires an application form submitted to the CFA between January and April. Scholarships are awarded at the annual Senior Award Ceremony held at the Coupeville High School.
| CFA Scholarships available |
| Linda Lee Martens Scholarship |
Designed for students with an Excellent academic record |
| Mary Jo Eisenmann Scholarship |
Designed for students in the field of Teaching |
| Ken Jampsa Scholarship |
Designed for students in a field associated with Community Service |
| Del Bennett Scholarship |
Designed for students in the area of Journalism |
