The Joseph Gioscio Italian Scholarship is offered to a third or fourth year student of Italian wishing to proceed to higher studies. The Joseph Gioscio Scholarship Fund was established to honour the memory of Joseph Gioscio who introduced and developed Italian at Monash University and recognizes his commitment to academic excellence.

The Colin McCormick Prize in Italian is awarded by the Dante Alighieri Society annually to a deserving first-year student of Italian at Monash University.