At PSA Engineering College (PSAEC), scholarship opportunities are provided for students to support academic excellence as well as for financial assistance. The college provides students, in conjunction with government and private bodies, multiple scholarships that are awarded on merit, need, and category basis. Government scholarships are provided to SC/ST, OBC, and Economically Waker Sections students to aid learning without financial burdens. In addition, PSAEC has institutional merit based scholarships for students who are top rank holders in entrance examinations or have high academic grades during the course. The eligibility criteria and availability of funds determine if these scholarships will be full or partial tuition fees.
Apart from the government and college provided stipends, students can apply for industrial, NGO, and research organization sponsored scholarships that focus on supporting aeronautical and engineering students. Other stipends are provided for women in engineering, first-generation learners, and students with outstanding performance in sports and other activities. Students who qualify are advised to apply as early as possible while maintaining a good academic standing to increase the chances of financial aid.