LBRCE offers a variety of scholarships and financial assistance options primarily supported by the government, with special provisions for SC/ST and economically backward students. The AP Government's Jagananna Vidya Deevena scheme provides full fee reimbursement for eligible students, covering annual tuition fees of approximately Rs. 69,700 to Rs. 76,670, depending on the course. For management quota students, fees can go up to Rs. 2,00,000 annually. Merit-based scholarships are awarded, including Rs.
10,000 to top academic performers annually, and Rs. 25,000 for merit students under the National Scholarship Fund. The college does not directly provide loans, but facilitates educational loans through banks on campus. Other schemes like the North South Foundation scholarship offer Rs. 25,000 based on EAMCET ranks. Additional government support includes monthly allowances and other merit-based scholarships, while hostel fees range from Rs. 50,000 to Rs. 85,000 annually.
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