Mar Athanasius College of Engineering offers a range of scholarships primarily based on merit, financial status, caste, and minority backgrounds. The tuition fee for merit students is approximately INR 9,650 per year, while students in reserved categories, such as SC/ST/OEC, benefit from fee concessions and scholarships like E-grantz. Financial assistance is also available through programs such as the MACE Alumni Scholarship, PTA Scholarship, and other departmental scholarships.
Around 80% of students receive at least one scholarship, which can cover a significant portion of their fees, with some scholarships ranging from INR 12,000 to INR 25,000 annually. Additionally, the college facilitates government scholarships and provides assistance for economically backward students. Scholarships are primarily funded by alumni, the state government, and various charitable organizations.

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