MGKVP offers a government-funded education, making it an affordable option for students. However, it is noted for having excessive restrictions on elections, which are seen as unnecessary. The university lacks a robust placement program, focusing mainly on academics, with only occasional recruitment visits by companies for exceptional students. There is a recognized need for improved teaching faculty and broader placement services. Although the college doesn't offer its own scholarships or loans, students can access scholarships from the Uttar Pradesh government. Plans are in place to introduce new scholarships for deserving students in the future. The two-year program costs Rs 100,000, payable in two installments, with an additional deposit required during counseling for seat allocation.
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