Merit scholarship is awarded to the Top Three position holders of each Examination Board in the year of admission.

Scholarship is also offered to top three position holders in the merit list of NU admission merit list.

This scholarship is for four years of un-interrupted studies with full course load and is equal to the full tuition fee. Continuation of merit scholarship is subject to maintaining semester GPA of 3.0 or higher.

Realizing that the fees may not be affordable for some of its students, FAST arranges financial assistance in the form of interest-free, need based study loans for bright indigent students. This assistance is subject to renewal every semester in light of the student’s academic performance. Financial assistance is limited to tuition fee only and is discontinued if the student’s CGPA falls below the minimum specified to avoid warning. Loan recipients MUST take full load of courses offered.

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1. Internal sponsorships are available for studying in regular semesters (spring and Fall). Following is the maximum number of semesters for which it can be availed.
   • Bachelors: 8 semesters
   • Masters: 4 semesters
   • PhD: 6 semesters
2. It shall not be available for repeat or withdrawn courses. This implies that it is available for studying a course only once.
3. It is suspended if the student’s CGPA falls below the minimum specified to avoid warning and shall be restored upon getting out of warning by improvement in CGPA.
4. It shall be limited to tuition fee only.

This is offered on need-cum-merit to rural and urban students in both Undergraduate and Graduate level for all disciplines. Scholarship covers full tuition fee for the entire duration of the program, renewable every year. The scholarship quota for rural sector is 60% and for Urban is 40%.

ICT Scholarships refer to the Prime Minister's National ICT Scholarship Program, a program by Ignite (formerly National ICT R&D Fund) that provides financial assistance to students pursuing ICT degrees. Balochistan Endowment Scholarships, specifically the Balochistan Education Endowment Fund (BEEF), aims to support the education of talented students from Balochistan, including those from less privileged backgrounds.

The PEEF provides financial assistance to talented and needy students in Punjab and other provinces of Pakistan, including Azad Jammu & Kashmir, FATA, Gilgit Baltistan, and Islamabad Capital Territory. It aims to support students pursuing Intermediate, Graduation, and Master's level degrees. PEEF was established to address the gap in educational opportunities for deserving students by providing scholarships and other financial assistance.

The Khyber Pakhtunkhwa government offers scholarships to students of Peshawar campus on need-cum-merit to BS and MS studies with equal male to female ratio. The scholarship covers 80% of the tuition fees for the entire duration of the program. Interested students can apply online on KPEF website directly after annual call is circulated, following which they will be interviewed on campus.

Baluchistan Government offers scholarships to students of Karachi campus on need-cum-merit for both under-graduate and graduate studies. The scholarship covers full tuition fee for entire duration of the program, renewable every year.

The Honhaar Scholarship Program, an initiative of the Punjab Higher Education Commission, aims to provide financial assistance to deserving and meritorious students pursuing higher education at universities and colleges in Punjab, Pakistan. The program seeks to ensure equal access to quality education, particularly for those with limited financial resources.

The Higher Education Commission (HEC) provides liberal scholarships to students desirous of studying for MS and PhD degrees at this university. The scholarship covers tuition fee, monthly stipend, and book allowance.

OSAF (Old Students Association of FAST) arranges financial assistance for those students who cannot afford to pay their full fee.

FAST Alumni of North America provide funds for financial assistance for students who cannot afford to pay their full fee.

Ihsan Trust financial assistance for students who cannot afford to pay their full fee.

General Refaqat Memorial Scholarship provides financial assistance for those students who cannot afford to pay their fee.

In addition to the above scholarships there are various community-based scholarships offered by various committees and foundations such as, Memon Community Scholarships, Bohra Community Scholarships, Agha Khan Foundation Scholarships, etc.

The repayment of loan starts three months after graduation or soon after getting employment, whichever is earlier. The total amount has to be repaid within a period of four years after graduation. Students are required to sign a contract allowing future employers to deduct loan repayments at source and remit it to the University.