In 1918, the Student Mutual Aid Fund was founded in Cotton College by Late Prof. L.N. Chatterjee, which was later discontinued. The present day ‘Student Aid Fund’ was established in 1989 in order to provide some financial assistance to students coming from economically weaker sections of the society. The Cotton College Union Society donated a sum of ` 50,000/- to this Student Aid-Fund in the year 1988-89. This amount has been kept in the Bank. The annual interest which is derived from this amount and the annual collection of ` 50/- from each student is utilized for the purpose. The Aid-Fund Committee after taking into consideration of all aspects determines the quantum of aid every year.