AKMED awards bursaries to promising undergraduate students with financial needs in the departments of history, archaeology, art history, ancient languages and cultures, architectural history, and restoration-conservation within universities in Turkey. The bursaries are given for ten months during a year and may be renewed according to the success level of the students until their graduation. The amount of bursary is determined each year by the Executive Board.

The bursaries are given to five students only. The call for application is announced in March. The deadline for application is 15 May, and the decisions are announced in June.