The Amala Institute of Medical Sciences offers limited financial assistance and scholarships. Distinction holders, achieving 75% marks in annual exams, receive a 5,000 INR cash award annually, with approximately 7-8 students benefiting each year. University rank 1 holders from scheduled castes receive a laptop. Though scholarships for students from low socioeconomic backgrounds and those performing well in exams are mentioned, specifics are unclear. Free education is available for a select few, and some students receive fee reductions based on family income.
Tuition fees are approximately 7.5 lakh INR per annum for self-finance seats and 15 lakh INR for NRI quota, with waived tuition for certain ST and SC reservations. Additional annual costs include special fees (14,000 INR) and hostel fees (60,000 INR in the first year, then 36,000 INR thereafter). Awareness about available scholarships is limited among students.

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