Fee Structure Overview
The fee structure at Arpit Institute of Engineering and Technology Diploma is designed to provide quality education while ensuring affordability for students from diverse economic backgrounds. The total annual fee includes tuition, hostel, mess, medical, and other charges. Here is a detailed breakdown:
| Component | Semester 1 (INR) | Semester 2 (INR) | Total Annual (INR) |
|---|---|---|---|
| Tuition Fee | 85000 | 85000 | 170000 |
| Hostel Fee | 25000 | 25000 | 50000 |
| Mess Fee | 15000 | 15000 | 30000 |
| Medical Fee | 2000 | 2000 | 4000 |
| Other Charges | 8000 | 8000 | 16000 |
| Total Annual Fee | 135000 | 135000 | 270000 |
Hostel & Mess Charges
The hostel facilities at Arpit Institute are designed to provide a comfortable and conducive living environment for students. The hostel charges include accommodation, utilities, security, and maintenance services.
Hostel Accommodation
Students can choose from various types of accommodation based on their preferences:
- Single Occupancy Room (Rs. 25000/semester)
- Double Occupancy Room (Rs. 25000/semester)
- Triple Occupancy Room (Rs. 20000/semester)
- Quad Occupancy Room (Rs. 18000/semester)
Each room is equipped with essential amenities including beds, wardrobes, study tables, chairs, and internet connectivity. The hostel facilities include common rooms, gymnasiums, reading halls, and recreational areas.
Mess Charges
The mess charges cover three meals a day (breakfast, lunch, and dinner) along with daily snacks. The mess facility offers nutritious and hygienic food prepared by professional chefs. Students have access to a variety of dishes including vegetarian, non-vegetarian, and special dietary options.
- Breakfast: Rs. 150
- Lunch: Rs. 200
- Dinner: Rs. 200
- Snacks: Rs. 50
Return on Investment (ROI) Analysis
The return on investment for the diploma program at Arpit Institute is evident from the average placement package and career progression of graduates. Based on the data, here is a detailed ROI analysis:
With an annual fee of Rs. 270,000 and an average placement package of Rs. 450,000, the initial investment yields a positive return within two years. Graduates typically receive packages ranging from Rs. 380,000 to Rs. 1,200,000, depending on their specialization and performance.
For example, if a student pays Rs. 270,000 annually for two years (total Rs. 540,000) and receives an average package of Rs. 450,000 upon graduation, the ROI is calculated as follows:
- Total Investment: Rs. 540,000
- Net Earnings (Average Package): Rs. 450,000
- ROI: (450,000 - 540,000) / 540,000 = -16.67%
However, considering long-term career growth and potential salary increases, the actual ROI is significantly higher. Most graduates see their salaries double or triple within five years of joining the workforce.
Financial Aid and Support
The institute provides various financial aid options to support students from economically disadvantaged backgrounds:
- Scholarships based on merit and need
- Education loans with government assistance
- Part-time job opportunities within the campus
- Work-study programs
- Alumni mentorship and funding initiatives
Payment Options
Students can make payments through:
- Online banking
- Credit/debit cards
- Net banking
- UPI transfers
- Cash or cheque at the institute
The institute also offers installment plans for students who cannot pay the full amount upfront, subject to approval.
Additional Costs
Beyond tuition and hostel charges, students may incur additional costs:
- Books and study materials: Rs. 10,000 annually
- Stationery and lab supplies: Rs. 5,000 annually
- Transportation fees: Rs. 2,000-5,000 per semester
- Extracurricular activities and events: Rs. 3,000-8,000 annually
The total cost of education including these additional expenses is approximately Rs. 300,000 per year, which aligns with industry standards for quality technical education.
Comparison with Other Institutions
Compared to similar institutions in Maharashtra, Arpit Institute offers competitive pricing while maintaining high-quality educational standards:
- Fee Structure: Slightly lower than IIT Bombay and IIT Madras
- Placement Quality: Comparable to top private engineering colleges
- Infrastructure: Superior to many public institutions
- Industry Recognition: Stronger industry ties and placement records
This competitive edge makes Arpit Institute an excellent investment for students seeking quality education without excessive financial burden.