The Alpha Kappa Psi Scholarship Fund awards scholarships to high school seniors admitted to the Carlson School of Management at the University of Minnesota in addition to housing and study abroad scholarships.

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For the 2025-26 academic year alone, more than 60 students will receive more than $400,000.

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Since 1988, more than 475 students have received more than $4,000,000 in scholarships from the Alpha Kappa Psi Scholarship Fund.

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The Alpha Kappa Psi Scholarship Fund was founded by several alumni of the Alpha Eta chapter of the co-ed business fraternity Alpha Kappa Psi. ​​