Fee Structure
The fee structure for the International Business program at Asbm University Bhubaneswar is designed to provide value and accessibility while covering all essential educational and campus services. The total cost for four years includes tuition fees, hostel charges, mess fees, and other mandatory components.
| Semester | Tuition Fee | Hostel Rent | Mess Advance | Student Benevolent Fund | Medical Fees | Gymkhana Fees | Examination Fees | Total |
|---|---|---|---|---|---|---|---|---|
| Semester 1 | 150000 | 30000 | 15000 | 2000 | 2000 | 1000 | 2000 | 202000 |
| Semester 2 | 150000 | 30000 | 15000 | 2000 | 2000 | 1000 | 2000 | 202000 |
| Semester 3 | 150000 | 30000 | 15000 | 2000 | 2000 | 1000 | 2000 | 202000 |
| Semester 4 | 150000 | 30000 | 15000 | 2000 | 2000 | 1000 | 2000 | 202000 |
| Semester 5 | 150000 | 30000 | 15000 | 2000 | 2000 | 1000 | 2000 | 202000 |
| Semester 6 | 150000 | 30000 | 15000 | 2000 | 2000 | 1000 | 2000 | 202000 |
| Semester 7 | 150000 | 30000 | 15000 | 2000 | 2000 | 1000 | 2000 | 202000 |
| Semester 8 | 150000 | 30000 | 15000 | 2000 | 2000 | 1000 | 2000 | 202000 |
Fee Components Breakdown
Each component of the fee structure serves a specific purpose in supporting student education and campus life. Understanding these components helps students plan financially for their academic journey.
Tuition Fee: This is the primary component covering instruction, laboratory facilities, library access, and administrative services. The fee includes all course materials and digital resources provided by the university.
Hostel Rent: Hostel accommodation is provided in shared rooms with basic amenities including beds, study tables, wardrobes, and internet connectivity. Students can choose between single or double occupancy options based on availability and preferences.
Mess Advance: The mess advance covers meal expenses for the semester and is adjusted at the end of each month based on actual consumption. Students are expected to maintain adequate balances in their mess accounts to ensure uninterrupted dining services.
Student Benevolent Fund: This fund supports students facing financial hardships or emergencies during their academic tenure. Contributions are small but collectively enable significant assistance when needed.
Medical Fees: Covers basic medical consultations, health check-ups, and emergency treatment at the university's health center. Students receive discounted rates for routine visits and access to specialized care when necessary.
Gymkhana Fees: Supports campus fitness programs, sports facilities, and recreational activities. These fees fund equipment maintenance, coaching sessions, and participation in inter-college competitions.
Examination Fees: Covers administrative costs associated with conducting examinations, including question paper preparation, evaluation, and result processing. These fees are collected at the beginning of each semester.
Hostel & Mess Charges
The university offers multiple hostel options to accommodate students from different backgrounds and preferences. Hostels are equipped with essential amenities and maintained to high standards of cleanliness and safety.
Room types include single occupancy, double occupancy, and triple occupancy options. Single rooms are available for an additional premium, while shared accommodations are designed to foster a sense of community among residents.
Mess billing operates on a monthly basis, with students paying an advance amount at the start of each month. The system tracks consumption and adjusts balances accordingly, ensuring transparency in financial transactions.
Rebate policies allow students to receive partial refunds for meals during holidays or special circumstances. These provisions ensure fair treatment and accommodate varying schedules and needs.
Fee Waivers, Concessions, and Scholarships
The university provides various financial assistance schemes to support deserving students from economically disadvantaged backgrounds. Eligibility criteria are based on income slabs and family composition.
Students belonging to SC/ST/PwD categories receive 100% fee waivers under government regulations. EWS category students qualify for partial concessions, reducing fees by up to 50% depending on their economic status.
MCM (Meritorious Children of Migrant Workers) beneficiaries are eligible for scholarships that cover tuition and hostel charges entirely. These scholarships recognize academic excellence and socio-economic challenges faced by migrant families.
Application processes for financial aid involve submission of required documents including income certificates, caste certificates, and identity proofs. The review committee evaluates applications based on predetermined criteria and allocates assistance accordingly.
Payment Procedures & Refund Policy
Payments can be made through online banking, net banking, debit/credit cards, or NEFT transfers. The university provides detailed instructions for each payment method to facilitate smooth transactions.
Payment deadlines are strictly enforced to ensure timely processing and prevent any disruptions in academic activities. Late fees are charged at a rate of 2% per month on outstanding balances, with a maximum cap of 10%.
The refund policy outlines procedures for students who wish to withdraw from the program or leave campus early. Refunds are processed within 30 days of submission of withdrawal forms and supporting documents.
Refund amounts are calculated based on the proportion of services received and adjusted for any outstanding dues. Students must settle all financial obligations before final processing of refunds to ensure compliance with university regulations.