The Connecticut Maritime Association's education foundation awards maritime scholarships ranging from $500 to $20,000 to students excelling in maritime studies at college or graduate level, and to high-school seniors intending to pursue such studies. Awards in the $7,500 to $20,000 range are paid directly to schools as tuition reimbursement. Alongside its general maritime scholarships the foundation introduced two named awards in 2026: the $20,000 Jim Lawrence Memorial Scholarship, which reaches a broader spectrum of degree programmes including non-maritime ones, and the $2,500 Castrol Engineering Scholarship supporting marine engineering students at SUNY Maritime College.