Fee Structure Overview
The total fee for the Bachelor of Chemical Engineering program at Iasscom Fortune Institute of Technology is ₹350,000 per annum. This includes tuition fees, hostel charges, mess advances, and other miscellaneous expenses. The fee structure is designed to provide value for money while ensuring access to high-quality education and facilities.
Fee Breakdown Per Semester
| Component | Semester 1 | Semester 2 | Semester 3 | Semester 4 | Semester 5 | Semester 6 | Semester 7 | Semester 8 |
|---|---|---|---|---|---|---|---|---|
| Tuition Fee | ₹70,000 | ₹70,000 | ₹70,000 | ₹70,000 | ₹70,000 | ₹70,000 | ₹70,000 | ₹70,000 |
| Hostel Rent | ₹35,000 | ₹35,000 | ₹35,000 | ₹35,000 | ₹35,000 | ₹35,000 | ₹35,000 | ₹35,000 |
| Mess Advance | ₹25,000 | ₹25,000 | ₹25,000 | ₹25,000 | ₹25,000 | ₹25,000 | ₹25,000 | ₹25,000 |
| Student Benevolent Fund | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 |
| Medical Fees | ₹500 | ₹500 | ₹500 | ₹500 | ₹500 | ₹500 | ₹500 | ₹500 |
| Gymkhana Fees | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 |
| Examination Fees | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 |
| Total | ₹135,000 | ₹135,000 | ₹135,000 | ₹135,000 | ₹135,000 | ₹135,000 | ₹135,000 | ₹135,000 |
Detailed Fee Components
Tuition Fee: Covers instruction, laboratory access, library resources, and academic support services.
Hostel Rent: Includes accommodation in campus dormitories with shared amenities like laundry facilities, Wi-Fi, and recreational spaces.
Mess Advance: A fixed amount paid upfront for meals during the semester. Adjustments are made at the end of each month based on consumption.
Student Benevolent Fund: Supports students facing financial hardships or emergencies through grants and assistance programs.
Medical Fees: Covers basic healthcare services provided by the institute's medical center, including consultations and minor treatments.
Gymkhana Fees: Funds student sports activities, gym access, and recreational facilities on campus.
Examination Fees: Covers administrative costs associated with conducting internal assessments and end-of-semester exams.
Hostel & Mess Charges
The hostel facility offers various room types to accommodate students based on preferences and budget considerations:
- Single Occupancy Room: ₹15,000 per semester
- Double Occupancy Room: ₹12,000 per semester
- Triple Occupancy Room: ₹10,000 per semester
Mess charges are inclusive of three meals per day with a variety of vegetarian and non-vegetarian options. The billing system operates monthly, with adjustments based on attendance records. Rebates are available for students who opt out of the mess service or use it occasionally.
Fee Waivers, Concessions, and Scholarships
The institute offers several financial aid options to deserving students:
- SC/ST/PwD Category: 100% fee waiver for eligible students with income below ₹3 lakh per annum.
- EWS Category: 50% fee concession for families with annual income between ₹3 lakh and ₹6 lakh.
- MCM (Married Children of Merit): 25% fee discount for students from economically disadvantaged backgrounds.
Applications for financial assistance must be submitted along with supporting documents such as caste certificates, income proofs, and Aadhaar cards. The selection process is conducted by a dedicated committee reviewing eligibility criteria and need-based assessments.
Payment Procedures & Refund Policy
Payments are due before the start of each semester, with strict deadlines enforced to avoid penalties. Late payments incur additional fees calculated as a percentage of the outstanding amount. Students can make payments via online banking, net banking, or credit/debit cards.
In case of withdrawal or discontinuation from the program, refunds are processed according to the refund policy:
- Full refund if withdrawn before the first month of the semester.
- 70% refund if withdrawn between the first and third month.
- No refund after three months of enrollment.
Refunds are credited back to the student's bank account within 30 working days following approval of the withdrawal request.