The College provides facilities of free studentship and scholarship to the poor-cum-meritorious students. Help from Social Service Guild and University Students AID Fund are also given to the Poor-cum-meritorious students. Freeship and other financial help can't be claim as a matter of right. It depends on satisfactory conduct and progress in study. If students awarded freeship and other financial help fail to receive the same in the current academic session, they can't claim it in the next year. Besides, the deserving meritorious students can avail any of the scholarships of the State Govt. and Central Govt. as given below

SCHOLARSHIP AND STIPENDS

1. JUNIOR COLLEGE MERIT SCHOLARSHIP -
(i) The Scholarship is awarded to the students on the results of Annual HSC Examination. Selection is Made purely on the merit basis which is done by the State Govt.
(ii) Merit Scholarship for childrenof primary and Secondary teacher is available from Govt of India. The Students must have secured at least 60% marks in the HSC Examination to avail it.

2. SENIOR COLLEGE MERIT SCHOLARSHIP :
(i) This Scholarship is awarded to the students on the result of the Annual +2 Arts/Science/Commerce Examination. The Scholarship awarded purely on merit basis.
(ii) Children of Freedom fighters who have passed the HSC exam are eligible to apply for the stipend at +2 and +3 level provided that the monthly income of such freedom fighters doesn't exceed Rs. 300/-
(iii) Govt of India Post matric Scholarship to the SC and ST students are also available and the same is distributed by the Collector of the District.

3. NATIONAL SCHOLARSHIP OF GOVT OF INIDA
Selection of receipients of this scholarship is made by the BSE, Odisha on the basis of HSE Examination under intimation to the selected students.

4.GOVT OF INDIA SCHOLARSHIP TO THE BLIND DEAF AND PHYSICALLY CHALLENGED :
The Students who are awarded this scholarship should be between 13 to 30 years old and should have secured at least 40% of marks at the previous Annual Examination.

5. STATE GOVT. STIPEND :
This is awarded to the Physically Challenged students in the post matric stage on the basis of the marks secured at the Annual HSC Examination. The Applicant should have secured at Least 40% of marks and should be within 30 years of age. The Value scholarship is Rs: 30/- P.M.

6. NATIONAL LOAN SCHOLARSHIP :
This is awarded to the students inside India only at the post matric stage. Awards are made on the result of any of the qualifying examinations conducted by the BSE/CHSE.
Note - Detailed information regarding any of the above scholarship, stipend is to be had from the college office.

AWARDS

1. BAIDYANATH ROUT MEMORIAL AWARD :
This award sponsored by Sj. Baidyanath Rout is awarded to the student securing highest mark in +3 stream of the colege every year as Best Graduate.

2. NAGENDRA MOHANTY MEMORIAL AWARD :
This Award sponsored by Late Nagendra mohanty is awarded to the students securing highest marks in +2 and +3 Arts, Science Commerce as Best +2 Arts, Science, Commerce and best +3 Arts, Science, Commerce graduate of the college every year respectively.

3. GOURI SHANKAR-KASTURNI RANI JENA MEMORIAL AWARD :
This award sponsored by Prof Gouri Shankar Jena, Ex-Principal of this college is awrded to the student securing highest mark in +3 stream of the college in MIL (O) every year.

4. LAXMI NARAYAN NAYAK MEMORIAL AWARD :
This award sponsored by Prof Umesh Chandra Nayak, Ex-Principal of this college is awarded to the Final Year Degree student securing highest mark in +3 Stream of the college in (Compulsory) English every year.

5. KAMAL LAXMI NAYAK MEMORIAL AWARD :
This award sponsored by Prof. Umesh Chandra Nayak, Ex-Prinicpal of this college is awarded to the studnet securing highest mark in +3 Final Year English (Hons) of the college every year.

6. KAMAL LOCHAN SEND MEMORIAL AWARD :
This award sponsored by Dr. Sudarshan Send, Ex-Prinicipal of this college is awarded to the students securing highest mark in +3 Final Year Chemistry (Hons) of the college every year.

7. SATYABHAMA SEND MEMORIAL AWARD :
This award sponsored by Sj. Madhusudan Send, At/Po- Damodarpur under Khiara Block is awarded to the best Lady Graduate of the college every year.

8. NISHAKAR SAMAL MEMORIAL AWARD :
This award sponsored by Prof. Rama Chandra Samal, Ex-Prinicpal of this college is awrded to the Student securring highest mark in +3 Final Year in mathematics of the college every year.

9. ARJUN CHARAN BIHARU GOSAIN BABA AWARD :
This award sponsored by Late Ramakanta Mohanty is awarded to the students securing Highest mark in +3 stream of the college every year as Best Graduate.

10. SATYAJIT PANDA MEMORIAL AWARD :
This award sponsored by Sj. Atal Behari Panda of Saraswatipur, Pakhar G P is awarded to the students securng highest mark in +2 Science stream of the college every year.

11. BAISHNAV-HARAMANI MOHAPATRA MEMORIAL AWARD :
This award sponsored by Sj. Bharata Chandra Mohapatra Village - Natapada, Po - Khaira is awarded to the student securing highest mark in +3 Final Year Physics (Hons) of the college every year .

12. ODIA MEMORIAL AWARD :
This award sponsored by the students and teachers of Odia Department of the session 2010-11 of this college is awarded to the student securing highest mark in Odia (hons) of the college every year.

13. SANSKRIT MEMORIAL AWARD :
Any student securing highest mark in the Final Degree Sanskrit Hons Examination is Enfitled to get this award sponsored by Sunya baba of Kupari.

14. ODIA SAHITYA SANSAD OF KHAIRA COLLEGE MEMORIAL AWARD :
This award sponsored by Dr. Anandi Charan Rout Ex-Reader on Odia of Khaira College, Khaira is aimed at conferring gift and cash at an Annual Occasion on a notable writer for his/her contribution to Odia Literature.

15. BHARAT-PADMINI AWARD :
It is sponsored by Sri Bhrat Chandra Mohapatra and Padmini Mohapatra of Vill-Natapada, Po-Khaira, Dist-Balasore and is operative from 2014-15. This award is to be conferred on the student securing highest mark in Botany Hons. of the college every year.

16. BHAGABATA PARHI MEMORIAL AWARD : This award sponsored by Prof. Arun Kumar Parhi, HOD, Commerce, Khaira College, Khaira is awarded to the Student securing highest mark in Commerce (hons) of the college every year.