Federal Institute of Science And Technology (FISAT) has a unique position in the Professional Education Sector
The AICTE approved Tuition Fee Waiver Scheme to provide fee concession to Women, economically backward and physically handicapped meritorious students is implemented in the college. Accordingly students with high academic results and hailing from economically backward families are granted full fee concession. The selection is made purely on the basis of Kerala Engineering Entrance Examination rank list and family income. Presently (in 2010), 140 students are the beneficiaries of this scheme.
When this is fully implemented about 168 students will get the benefit and the estimated contribution by the institution will be over Rs. 2 crores.