Each fall, the UW Statistics Department awards various prizes to graduate students.
- The Z.W. Birnbaum award, instituted in 1986 in honor of our distinguished emeritus professor, recognizes a PhD student for demonstrating outstanding progress and promise in theoretical, methodological, or applied research on the basis of their General Examination.
- The Dorothy M. Gilford teaching award, instituted in 1992 in honor of the first Statistics Master's student, recognizes outstanding performance by a graduate teaching assistant during the past year.
- The Academic Reward for College Scientists (ARCS) fellowship, founded in 1978, funds "PhD fellowships for academically outstanding scholars in the fields of science, technology, engineering, and math at the University of Washington and Washington State University".
- The Graduate Opportunities and Minority Achievement Program (GO-MAP) fellowship, founded in 1970, "is at the heart of the Graduate School’s commitment to expanding graduate education to underrepresented minoritized (URM) communities".
- The Bernbaum Family Endowed Scholarship was set up in 2019 to support academically meritorious undergraduate students interested in pursuing a career in the field of actuarial sciences.