Malla Reddy Engineering College primarily offers scholarships through the Telangana and Andhra Pradesh government fee reimbursement programs. Eligible students who secure seats via EAMCET counseling can receive a reimbursement of up to 35,000 INR per year, reducing their tuition fees from the standard 1,03,000 to 1,15,000 INR annually. Additional scholarships are available for SC/ST and economically backward students, covering full tuition fees.
No scholarships are provided directly by the college, and all scholarships are subject to government policies. The college also facilitates education loans in association with local banks, but no direct loan facility is offered by the institution. Management quota students do not typically receive scholarships and may pay higher tuition fees, up to 10-15 lakhs for the entire course duration.

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