Gaining Merit for your College enables you to get certain prizes.
| Name | Points | Prize |
| Merit Prize I | 20 | Purse with 20 pims |
| Merit Prize II | 40 | Befriend: +1% Chance of Succes |
| Merit Prize III | 70 | Caramel Chews item |
| Merit Prize IV | 100 | Increase in Social Skills |
| Merit Prize V | Recall Merious Exploit I | |
| Merit Prize VI | Increase Palette Skill | |
| Merit Prize VII | Warm Cloak (Spell), Air (Pheme) | |
| Merit Prize VIII | Frigid (Pheme) | |
| Merit Prize IX | Increase Glory | |
| Merit Prize X | The Champion's Room | |
| Merit Prize XI | Purse of Money | |
| Merit Prize XII | Reflection (Pheme) | |
| Merit Prize XIII | Slight Bending of Light (Spell) and Phemes | |
| Merit Prize XIV |
Increased Relationship with Instructor | |
| Merit Prize XV | Increase in random Skill | |
| Merit Prize XVI | Frictive (Pheme) | |
| Merit Prize XVII | Increase in random Revision Skill Maximum | |
| Merit Prize XVIII | Increase in random Glamour Skill Maximum | |
| Merit Prize XIX | Increase in random Negation Skill Maximum | |
| Merit Prize XX | Increase in random Incantation Skill Maximum | |
| Merit Prize XXI | Reflect (pheme) | |
| Merit Prize XXII | ||
| Merit Prize XXIII | ||
| Merit Prize XXIV | ||
| Merit Prize XXV | Gossip: Increase Chance of Succes | |
| Merit Prize XXVI | Increase in random School Survival Skill | |
| Merit Prize XXVII | ||
| Merit Prize XXVIII | ||
| Merit Prize XXIX | ||
| Merit Prize XXX | ||
| Merit Prize XXXI | ||
| Merit Prize XXXII | Increase Stress Maximum | |
| Merit Prize XXXIII | Increase Vitality Maximum | |
| Merit Prize XXXIV | ||
| Merit Prize XXXV | Sloppy Speech(Pheme) | |
| Merit Prize XXXVI | Increase in random School Survival skill |