The University College of Engineering and Technology offers no scholarships directly, but facilitates students in applying for the Jharkhand government's e-Kalyan scholarship. This scholarship provides Rs. 38,000 annually to students from SC, ST, and OBC categories with family incomes below specific thresholds. There are no scholarships for general category students.
The college's annual tuition fee is approximately Rs. 60,000, with additional examination fees of Rs. 2,550 per semester. Tuition Fee Waiver (TFW) seats are available, reducing fees for eligible students. Other external scholarships like those from PSU companies may also be available for eligible students.

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