The Mother Teresa International Award was conferred on the college for its outstanding achievement and contribution in the field of education. It was adjudged the best college in the 2014.
Certain stipends are available for the poor students of the College from the Henry Stephen Fund.
Free Studentship: Certain concessions in fees in the forms of granting full free studentship, half-free studentship, quarter-free studentship are awarded to meritorious students, who may be in indigent circumstances.
UGC scholarships based on merit-cum-means for SC/ST students are available.
The College is the second oldest in North Calcutta and has produced numerous outstanding people, chief among them being Swami Vivekananda and Netaji Subhas Chandra Bose. The College has been awarded Grade A by the National Assessment and Accreditation Council (NAAC). The college also enjoys the status of College with Potential for Excellence, a quality rating by the University Grants Commission. Media survey rates Scottish as one among the top fifty colleges in India.