Effat University invests in its students by providing scholarships and need-based financial aid​.​​​​​​​If the students are high achievers, Effat University helps applicants from all nationalities through a variety of scholarships. Most scholarships are for academic achievement, while others go to talented athletes, performers and artists. The available scholarships are currently limited to cover the tuition only, not any of the other services offered to students.Need-based grants are awarded based on a combination of calculated financial eligibility and academic merit. To apply for need-based aid, students must complete the free Application for Financial Aid Case Study to be considered for need-based grants and scholarships. The Office of Scholarships and Financial Aid calculates the financial eligibility. If the students is eligible for need-based aid based on these calculations (Financial Aid Formula), a deduction is granted toward graduation.