In 1998, former President Fidel V. Ramos conferred on Cayetano the Legion of Honor; and the Philippine Jaycees chose him as TOYM finalist in the field of law. Earlier, the Order of the Purple Feather of the UP College of Law adopted him as member and the Philippine Jaycees named him as outstanding Jaycees president. The University of Michigan and Princeton University in United States gave him various grants. He also received a doctorate in humanities, honoris causa, by Misamis University in 1997.