Scholarships at IHM Hyderabad are primarily available for students from SC, ST, and sometimes OBC categories, under government schemes like the Central Sector Scholarship Scheme. There are no scholarships based on need or merit for general category students, though education loans can be accessed through major banks for all students. The government covers the entire annual fees, including hostel fees, for eligible backward categories. The college does not directly offer its own scholarships but facilitates the process for students.
For Telangana students, a state scholarship is available. The cost of study, including college and hostel fees, approximates 600,000 INR over three years, with semester-wise fees ranging around 70,000 INR. Additional costs include a one-time fee for uniforms and books, with other expenses potentially incurred for competitions or trials. The fee structure is subject to change based on the national council's decisions and market trends.

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