NITIE offers several scholarships and financial aids to students, primarily based on merit and financial need. The total fee for the two-year programs ranges between INR 14 to 15.6 lakhs, with hostel fees included but excluding mess charges. Scholarships are available for SC/ST, EWS, sports, and academic excellence, with specific schemes offering up to 100% tuition fee waivers based on criteria like family income and category. For instance, students with a family income of less than INR 2.5 lakhs can receive a 30% fee waiver.
GATE qualifiers receive a teaching assistantship stipend of INR 12,400 per month. Government and private scholarships are also available, along with various alumni-provided financial aids. Educational loans are easily accessible from major banks including SBI, Canara Bank, and others, often without the need for collateral. Overall, NITIE boasts a strong return on investment, with 100% placement records and competitive average starting packages.
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