The Students Without Boundaries Programme won the first Charlemagne Youth Prize from the European Parliament in 2008 for its outstanding work in expressing the ideals of European identity and integration. The program won the jury’s unanimous support as the best youth-oriented program among more than 400 organizations that submitted entries. Moreover, the program was lauded for creating a long-term network of support for the students from different countries through the ongoing Rákoczi Family Circle. The Rákoczi Foundation promotes the Canadian values and ideals of multiculturalism and tolerance through the Students Without Boundaries programme.
Students Without Boundaries has received many other distinguished honors. In July 2010, the program was awarded the József Antall Award by the Corvinus University. In November of 2012, the founders of the Students Without Boundaries programme, Béla Aykler and Susan Papp-Aykler, were awarded the George Washington Award by the American Hungarian Foundation in New York City for their on-going work to promote Hungarian causes and the support of Hungarian students around the world.