Ravenshaw University offers various scholarships primarily funded by the government, targeting students based on merit and financial need. Key scholarships include Medhabruti, Prerana, National Scholarship, and several others, with amounts typically ranging from INR 10,000 to INR 25,000 per year. Special scholarships are available for SC/ST categories, students with disabilities, and those from economically weaker backgrounds. The eligibility often depends on academic performance and family income. The university itself does not offer independent scholarships but facilitates access to state and central government scholarships through its official channels.

For instance, students with an annual family income below INR 4,00,000, particularly from reserved categories, can benefit from these schemes. No loan facilities are directly provided by the university, but government-affiliated scholarships cover fees, hostel expenses, and sometimes provide stipends. The fee structure at Ravenshaw is generally affordable, with additional facilities for economically disadvantaged students, ensuring a minimal financial burden while promoting educational opportunities.