Rajiv Gandhi Institute of Technology (RIT) in Kottayam offers a wide range of scholarships primarily facilitated by state and central government schemes. These include the E-grantz, MCM (Merit cum Means), and MOMA, among others. The E-grantz scholarship provides approximately Rs 20,000 annually, covering tuition fees for students with an annual family income below Rs 1 lakh. MCM scholarships, available for minority students, offer around Rs 16,000 to Rs 30,000 per year based on academic performance and family income.
MOMA scholarships provide up to Rs 25,000 annually for students without supplementary exams. For economically weaker sections, KPCR scholarships are available, offering fee reimbursements and stipends. Alumni scholarships provide Rs 5,000 per year for academically brilliant and economically disadvantaged students. Hostel fees for SC/ST students are waived, and additional scholarships like the Central Sector Scholarship (CSS) and CH Muhammed Koya Scholarship are also available. Various private scholarships and awards for merit students are accessible, and the college aids in applying for these opportunities.
The fee structure is low, reflecting its status as a government institution, with annual fees ranging from Rs 8,500 to Rs 13,500, depending on the category and scholarships available.

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