NIFT, being a government-funded college, offers various scholarships and financial aid options. Scholarships are available for academically outstanding students and those with financial needs, such as the Sarthak Scholarship, which is awarded based on marks obtained in the first semester. The college also facilitates education loans through a partnership with Union Bank of India, offering loans at low interest rates.
Fees increase annually by about 10%, with the complete course costing between 13-15 lakhs. Each semester, the fee is approximately 1.7 to 1.8 lakhs, including lab and library charges. Private foundations and companies also offer scholarships for Fashion Technology students. Overall, while the cost is relatively high compared to other government colleges, NIFT provides significant support to eligible students through scholarships and loans.

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