Malnad College of Engineering offers a variety of scholarships and financial aid options for students. The Karnataka government provides scholarships such as the Vidyasiri scholarship which offers between 18,000 to 23,000 INR annually for OBC students and SSP scholarships offering 20,000 INR. Other scholarships include MHRD, Rani Chennamma for girls, and caste-based scholarships for SC/ST students. The college also provides a merit scholarship of up to 20,000 INR for top-performing students.
Private scholarships are available for academically excelling and economically disadvantaged students. Though the college does not directly offer loans, nationalized banks, including the Syndicate Bank, provide education loans with interest rates ranging from 12-16%. Tuition fees vary by program, with aided courses costing significantly less than unaided ones. The college supports fee reimbursements and concessions for various categories, including SC/ST and minority students.
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