Fee Structure and Financial Planning
The fee structure at Global Institute of Technology Cuttack is designed to provide quality education while ensuring affordability for students from diverse economic backgrounds. The institute offers various financial assistance options to support deserving students.
Annual Fee Breakdown (Per Semester)
| Head | Semester 1 | Semester 2 | Semester 3 | Semester 4 | Semester 5 | Semester 6 | Semester 7 | Semester 8 |
|---|---|---|---|---|---|---|---|---|
| Tuition Fee | ₹1,20,000 | ₹1,20,000 | ₹1,20,000 | ₹1,20,000 | ₹1,20,000 | ₹1,20,000 | ₹1,20,000 | ₹1,20,000 |
| Hostel Fee | ₹30,000 | ₹30,000 | ₹30,000 | ₹30,000 | ₹30,000 | ₹30,000 | ₹30,000 | ₹30,000 |
| Mess Fee | ₹15,000 | ₹15,000 | ₹15,000 | ₹15,000 | ₹15,000 | ₹15,000 | ₹15,000 | ₹15,000 |
| Medical Fee | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 |
| Library Fee | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 |
| Other Charges | ₹5,000 | ₹5,000 | ₹5,000 | ₹5,000 | ₹5,000 | ₹5,000 | ₹5,000 | ₹5,000 |
| Total | ₹1,73,000 | ₹1,73,000 | ₹1,73,000 | ₹1,73,000 | ₹1,73,000 | ₹1,73,000 | ₹1,73,000 | ₹1,73,000 |
Hostel & Mess Charges
GITC provides comfortable and well-furnished hostels for students. The hostel charges are fixed annually and include basic amenities such as bedding, furniture, internet connectivity, and security services.
Hostel Facilities
- AC/Non-AC rooms with 2-4 occupancy
- Common lounges and study areas
- Security guards and CCTV surveillance
- Internet and Wi-Fi connectivity
- Laundry services
- Mess facilities with nutritious meals
Mess Charges
The mess charges include three meals per day, with an emphasis on balanced nutrition and dietary requirements. Special arrangements are made for vegetarian, non-vegetarian, and hygienic food options.
Return on Investment (ROI) Analysis
The ROI analysis for GITC is based on the total fee cost and average placement package received by graduates:
Total Fee Cost Over 4 Years
Total tuition fee = ₹1,20,000 x 8 semesters = ₹9,60,000
Total hostel fee = ₹30,000 x 8 semesters = ₹2,40,000
Total mess fee = ₹15,000 x 8 semesters = ₹1,20,000
Total medical fee = ₹2,000 x 8 semesters = ₹16,000
Total library fee = ₹1,000 x 8 semesters = ₹8,000
Total other charges = ₹5,000 x 8 semesters = ₹40,000
Total Cost: ₹13,84,000
Average Placement Package
The average placement package at GITC is currently ₹6,00,000 per annum. Over a 4-year period, this amounts to ₹24,00,000.
ROI Calculation
ROI = (Net Gain / Total Investment) x 100
Net Gain = ₹24,00,000 - ₹13,84,000 = ₹10,16,000
ROI = (₹10,16,000 / ₹13,84,000) x 100 ≈ 73.4%
Conclusion
The ROI analysis shows that investing in education at GITC provides a substantial return on investment, considering the average placement packages received by graduates and the quality of education provided.