Safi Institute of Advanced Study offers a range of scholarship opportunities, primarily sourced from the Indian and Kerala governments, as well as the college management itself. Key scholarships include the OBC pre-metric scholarship, e-grantz, central sector scholarships, and post-metric scholarships. Scholarships are available for students from financially weak backgrounds, and special loan facilities are offered for Muslim Mappila community girls. The college supports students in accessing scholarships for various courses and provides additional financial aid for those eligible, such as a fully-funded scholarship for Islamic studies students contingent on passing a scholarship test.
Tuition fees vary across courses, with examples such as Rs. 18,750 per semester for BSc Computer Science, Rs. 19,500 for Food Technology, and Rs. 37,500 per year for certain programs. Hostel fees and other charges are additional, with some flexibility in payment terms provided. Despite being a self-financing institution, the college's fees are generally considered affordable compared to peer institutions, especially with the support of available scholarships and financial aid.

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