NIT Nagaland does not directly offer scholarships but facilitates access to various government-funded scholarships and bank loans. SC/ST students receive a full tuition fee waiver, while OBC and EWS students with an income below Rs. 98,000 are also exempted from fees. General category students with an income below Rs. 1 lakh qualify for full fee remission, and those with incomes between Rs. 1-5 lakhs receive a two-thirds fee waiver. Tuition fees are Rs. 70,000 per semester, with additional fees for hostel and other charges.
The institution is listed under SBI's premier loan scheme, aiding students from low-income backgrounds. Notable scholarships include Siemens Scholarship, Ishaan Uday, and NSP. Placement packages average around 8 LPA, with the highest reaching 29 LPA. The college's cooperation in the loan process is noted, though students primarily rely on external scholarships and loans.

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