Fee Structure Overview
The total fee for the Bachelor of Civil Engineering program at Iasscom Fortune Institute of Technology is approximately INR 15 lakhs for the entire duration. This comprehensive fee structure includes tuition, hostel charges, mess fees, and other miscellaneous expenses required for a complete academic experience.
| Semester | Tuition Fee (INR) | Hostel Rent (INR) | Mess Advance (INR) | Student Benevolent Fund (INR) | Medical Fees (INR) | Gymkhana Fees (INR) | Examination Fees (INR) | Total (INR) |
|---|---|---|---|---|---|---|---|---|
| Semester 1 | 350000 | 80000 | 20000 | 10000 | 5000 | 2000 | 3000 | 470000 |
| Semester 2 | 350000 | 80000 | 20000 | 10000 | 5000 | 2000 | 3000 | 470000 |
| Semester 3 | 350000 | 80000 | 20000 | 10000 | 5000 | 2000 | 3000 | 470000 |
| Semester 4 | 350000 | 80000 | 20000 | 10000 | 5000 | 2000 | 3000 | 470000 |
| Semester 5 | 350000 | 80000 | 20000 | 10000 | 5000 | 2000 | 3000 | 470000 |
| Semester 6 | 350000 | 80000 | 20000 | 10000 | 5000 | 2000 | 3000 | 470000 |
| Semester 7 | 350000 | 80000 | 20000 | 10000 | 5000 | 2000 | 3000 | 470000 |
| Semester 8 | 350000 | 80000 | 20000 | 10000 | 5000 | 2000 | 3000 | 470000 |
Detailed Fee Components
Tuition Fee: The tuition fee covers access to all lectures, seminars, laboratory sessions, and academic resources throughout the program. It includes the cost of textbooks, digital materials, and course-related software licenses.
Hostel Rent: Accommodation is provided in well-furnished hostels with shared facilities including common areas, study rooms, and recreational spaces. Hostel charges are subject to annual revisions based on inflation and maintenance costs.
Mess Advance: A fixed advance payment is required for mess services during the semester. This ensures regular meal provision and allows for better budgeting of expenses. Refunds are processed at the end of each semester if unused.
Student Benevolent Fund: Contributions to this fund support students facing financial difficulties, scholarships, and extracurricular activities. It also helps in organizing cultural events, sports competitions, and community service initiatives.
Medical Fees: These cover basic healthcare services including consultations with on-campus doctors, emergency care, and preventive health checkups for all students enrolled in the program.
Gymkhana Fees: This fee supports student activities related to physical fitness, sports, and recreational programs. It funds equipment, training sessions, and participation in inter-college competitions.
Examination Fees: Covers costs associated with conducting end-of-semester examinations, including question paper preparation, invigilation, result processing, and certificate issuance.
Hostel & Mess Charges
The hostel facilities at Iasscom Fortune Institute of Technology are designed to provide a comfortable living environment conducive to academic excellence. Hostels offer single, double, and triple occupancy rooms with essential amenities such as Wi-Fi connectivity, study tables, wardrobes, and air conditioning.
Mess charges vary slightly depending on room type and meal preferences. The institute operates multiple mess facilities catering to different dietary needs including vegetarian, non-vegetarian, and special diets for students with allergies or religious restrictions.
Rebate policies are in place for students who do not require hostel accommodation during certain periods such as summer vacations or internships. These policies ensure fair treatment and prevent unnecessary financial burden on students.
Fee Waivers, Concessions, and Scholarships
The institute offers various financial aid options to eligible students based on their economic background and academic performance:
- SC/ST/PwD Category: Students belonging to these categories receive a 50% waiver on tuition fees along with full exemption from hostel charges.
- EWS Category: Eligible students receive a 25% discount on tuition fees and partial concession on hostel charges.
- MCM (Minority Community): Students from minority communities can apply for merit-based scholarships covering up to 70% of tuition costs.
All scholarship applications must be submitted through the official portal with supporting documents such as income certificates, caste certificates, and academic records. The selection committee reviews each application based on eligibility criteria and available funds.
Payment Procedures & Refund Policy
Payments can be made online via net banking, credit/debit cards, or NEFT transfers. Students are required to complete payment within the specified deadline to avoid late fees or academic penalties.
Late fees of INR 1000 per day are applicable for delayed payments beyond the stipulated date. Refunds are processed through bank transfer upon request and approval by the finance department, subject to compliance with institute rules and regulations.
Withdrawal requests must be submitted in writing along with supporting documentation. Refund eligibility depends on the timing of withdrawal and adherence to procedural requirements. A processing fee of 5% is deducted from the refund amount for administrative costs.