Gaining Merit for your College enables you to get certain prizes. Important note: Due to sorting ingame, the developers have decided to use the following names. Merit Prize 9 is indeed, on purpose, noted as VIIII and not as IX
| Name | Points | Prize |
| Merit Prize I | 20 | Purse with 20 pims |
| Merit Prize II | 40 | Befriend: +1% Chance of Success |
| Merit Prize III | 70 | 3 Caramel Chews item |
| Merit Prize IV | 100 | Increase in Social Skills |
| Merit Prize V | 125 | Recall Meritous Exploit I (Ability) |
| Merit Prize VI | 150 | Increase Palette Skill |
| Merit Prize VII | 180 | Warm Cloak (Spell), Air (Pheme) |
| Merit Prize VIII | 200 | Frigid (Pheme) |
| Merit Prize VIIII | 225 | Increase Glory |
| Merit Prize X | 250 | The Champion's Room |
| Merit Prize XI | 275 | Purse of Money (50 pims) |
| Merit Prize XII | 300 | Reflection (Pheme) |
| Merit Prize XIII | 325 |
Slight Bending of Light (Spell), Curved (Pheme), Light (Pheme), Obfuscate (Pheme) |
| Merit Prize XIIII | 350 |
Increased Relationship with Instructor |
| Merit Prize XV | 375 | Increase in random Skill |
| Merit Prize XVI | 400 | Frictive (Pheme) |
| Merit Prize XVII | 425 | Increase in random Revision Skill Maximum |
| Merit Prize XVIII | 450 | Increase in random Glamour Skill Maximum |
| Merit Prize XVIIII | 475 | Increase in random Negation Skill Maximum |
| Merit Prize XX | 500 | Increase in random Incantation Skill Maximum |
| Merit Prize XXI | 525 | Hesitation (Pheme) |
| Merit Prize XXII | 550 | Innocent Look (Ability) |
| Merit Prize XXIII | 575 | Increased Relationship with Instructor |
| Merit Prize XXIV | 600 | Increased Relationship with Instructor |
| Merit Prize XXV | 625 | Gossip: Increase Chance of Success |
| Merit Prize XXVI | 650 | Increase in random School Survival Skill |
| Merit Prize XXVII | 675 | |
| Merit Prize XXVIII | 700 | Slick (Pheme). Recipe: Bracelet of Healthy Living (Item) |
| Merit Prize XXVIIII | 725 | Professor Sidot's Garden |
| Merit Prize XXX | 750 | Shaft of Light (Spell), Light (Pheme), Magic (Pheme) |
| Merit Prize XXXI | 775 | Recall Meritous Exploit II (Ability) |
| Merit Prize XXXII | 800 | Increase Stress Maximum |
| Merit Prize XXXIII | 825 | Increase Vitality Maximum |
| Merit Prize XXXIIII | 850 | Iter (Pheme) |
| Merit Prize XXXV | 875 | Perfection (Pheme) |
| Merit Prize XXXVI | 900 | Vetus (Pheme) |