The committee reviews the academic standing of all students at the end of each semester and certifies good standing, assigns probationary status, or suspends or dismisses students based on their academic performances. It acts on student petitions to drop courses or waive requirements, and awards Wheaton scholarships for post-graduate study. It selects college nominees for national competitive fellowship and scholarship competitions and also awards Wheaton Foundation Grants to support undergraduate research.

Students having business with this committee are urged to meet with a staff member in Academic Advising regarding communication with or petitioning the committee to review. Academic Advising works in close collaboration with the Committee on Academic Standing.