Elizabeth Paige Stewart and Johanna Moore earned the awards for the tests they took in May.
Advanced Placement (AP) classes are college-level courses offered to high school students. If students want to be eligible for college credit, they must complete a test at the end of the coursework.
Stewart, last year's valedictorian, earned the Scholar with Honor Award, which means she received a grade of 3 or higher on four or more tests and had an average score of 3.25 on all AP tests taken.
Both students took four tests: calculus, composition, chemistry and biology.
Moore, who ranked third in her class, received the Scholar Award by earning a score of 3 or higher on three or more AP tests.
Both students are currently enrolled at Rose-Hulman Institute of Technology, and are studying biology.
Moore's parents told her that, "If she doesn't try to reach as high as she can, she won't know how much she can do."
Stewart's mother, Corinna, said she tried to "keep her grounded and not get over-worried about (the tests)."
Stewart said that she is very pleased and honored to receive the award, and Moore was thrilled to be able to add the award to her resume.
Although she hasn't received any college credit for her AP tests, Moore said the chemistry class and test prepared her for Honors Chemistry at Rose-Hulman. The Honors Chemistry program will give her credit for Chemistry 1 and Chemistry 2 coursework.
Moore gave some advice to future AP test takers to "get lots of sleep because the tests are early in the morning, and try and convince your teachers to make you breakfast. They do a really good job with this."