Punjab College of Education provides following scholarships to the students:

1. Baba Dhall Education Society gives scholarship to the economically weaker section students under Baba Dhall Education Scholarship Scheme.
2. College management committee gives scholarship to only girl/second girl child student.
3. Meritorious scholarships are provided to the students securing above 80% marks under PCE scholarship scheme.

Students can also get benefit of following scholarship scheme provided by central government to SC/BC Candidates:

1. Minority Post- Matric Scholarship.
2. Sikh Minority Scholarship
3. Aashirwad Scholarship