Fee Structure Overview
The total fee for the Bachelor of Technology program at Iasscom Fortune Institute of Technology is approximately ₹15 lakhs over four years. This includes tuition, hostel, mess, and other mandatory charges. The breakdown per semester is as follows:
| Head | Semester 1 | Semester 2 | Semester 3 | Semester 4 | Semester 5 | Semester 6 | Semester 7 | Semester 8 |
|---|---|---|---|---|---|---|---|---|
| Tuition Fee | ₹300,000 | ₹300,000 | ₹300,000 | ₹300,000 | ₹300,000 | ₹300,000 | ₹300,000 | ₹300,000 |
| Hostel Rent | ₹45,000 | ₹45,000 | ₹45,000 | ₹45,000 | ₹45,000 | ₹45,000 | ₹45,000 | ₹45,000 |
| Mess Advance | ₹20,000 | ₹20,000 | ₹20,000 | ₹20,000 | ₹20,000 | ₹20,000 | ₹20,000 | ₹20,000 |
| Student Benevolent Fund | ₹5,000 | ₹5,000 | ₹5,000 | ₹5,000 | ₹5,000 | ₹5,000 | ₹5,000 | ₹5,000 |
| Medical Fees | ₹3,000 | ₹3,000 | ₹3,000 | ₹3,000 | ₹3,000 | ₹3,000 | ₹3,000 | ₹3,000 |
| Gymkhana Fees | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 |
| Examination Fees | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 |
| Total Annual Fee | ₹376,000 | ₹376,000 | ₹376,000 | ₹376,000 | ₹376,000 | ₹376,000 | ₹376,000 | ₹376,000 |
Detailed Fee Component Explanation
Tuition Fee: Covers instruction, lab access, and administrative costs associated with the academic program.
Hostel Rent: Includes accommodation in campus-hostels with shared amenities such as Wi-Fi, laundry facilities, and common areas.
Mess Advance: Prepaid monthly meal charges that cover breakfast, lunch, and dinner at the institute's cafeteria.
Student Benevolent Fund: A voluntary contribution supporting students facing financial hardships or emergencies.
Medical Fees: Covers basic medical services, including consultations with on-site doctors and access to emergency care.
Gymkhana Fees: Supports extracurricular activities like sports clubs, cultural events, and student organizations.
Examination Fees: Covers costs related to conducting semester-end exams, evaluation, and result processing.
Hostel & Mess Charges
The institute operates multiple hostel blocks catering to different genders and preferences. Room types include single occupancy, double occupancy, and triple occupancy rooms with varying rent structures.
Monthly mess charges are fixed at ₹1500 per day for each student. The billing system is integrated into the student portal, allowing real-time updates on consumption and dues.
Rebate policies apply during vacations, with full rebate during summer breaks and partial rebates during winter holidays. Students can also opt for special dietary arrangements upon request.
Fee Waivers, Concessions, and Scholarships
Iasscom Fortune Institute of Technology offers several forms of financial assistance:
- SC/ST/PwD Category: Eligible students receive a 100% waiver on tuition fees along with partial concessions on hostel and mess charges.
- EWS Category: Students qualify for a 50% reduction in all fees.
- MCM (Meritorious Children of Merit): Based on academic performance, selected students receive up to 30% discounts on total fees.
Eligibility criteria are determined by income slabs and category certificates. Applications must be submitted online with supporting documents before the deadline specified each year.
Payment Procedures & Refund Policy
All payments must be made through net banking, credit/debit cards, or NEFT/RTGS transfers via the official portal. Late payments incur a penalty of ₹1000 per month.
If a student withdraws from the program before completing one semester, a refund of 80% of the paid fees is processed after deducting administrative charges. Withdrawals beyond one semester are handled on a case-by-case basis with approval from the Dean's office.