The college offers a comprehensive scholarship and loan facility to its students. Scholarships are available to the top 25 students per batch, with up to a 50% fee waiver based on merit and merit-cum-means criteria. There are three main types of scholarships: 1) Merit-based scholarships for the top 10 students, with the highest receiving a 100% waiver. 2) Merit-cum-means scholarships, similarly structured, taking into account family income. 3) Performance-based scholarships awarded to semester toppers.
Additionally, top CLAT performers can receive a 100% scholarship. The college also supports the IDIA Scholarship, covering full course fees. For economically disadvantaged students, including those with annual family incomes below 1 lakh, concessions and monthly scholarships of around 1,500 INR are available. Fees have increased from 1,12,500 INR per semester for the 2019-2024 batch to approximately 1,40,000 INR currently. The total annual fee is around 3,18,000 INR to 3,73,200 INR, excluding hostel fees, which range from 1,50,000 INR for shared AC rooms.
ILNU also provides a 20% concession for SC/ST students and a 25% concession for merit students. The institution ranks among top law colleges in India and Gujarat, with a structured fee payment system and online payment options.
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