Fee Structure Overview
The Bachelor of Electrical Engineering program at Iasscom Fortune Institute of Technology offers a comprehensive fee structure designed to provide value for money while ensuring access to quality education and infrastructure. The total cost for the four-year program is approximately INR 800,000.
Breakdown by Semester
| Semester | Tuition Fee (INR) | Hostel Rent (INR) | Mess Advance (INR) | Student Benevolent Fund (INR) | Medical Fees (INR) | Gymkhana Fees (INR) | Examination Fees (INR) | Total Fee (INR) |
|---|---|---|---|---|---|---|---|---|
| Semester 1 | 80,000 | 45,000 | 30,000 | 1,000 | 2,000 | 1,000 | 3,000 | 162,000 |
| Semester 2 | 80,000 | 45,000 | 30,000 | 1,000 | 2,000 | 1,000 | 3,000 | 162,000 |
| Semester 3 | 80,000 | 45,000 | 30,000 | 1,000 | 2,000 | 1,000 | 3,000 | 162,000 |
| Semester 4 | 80,000 | 45,000 | 30,000 | 1,000 | 2,000 | 1,000 | 3,000 | 162,000 |
| Semester 5 | 80,000 | 45,000 | 30,000 | 1,000 | 2,000 | 1,000 | 3,000 | 162,000 |
| Semester 6 | 80,000 | 45,000 | 30,000 | 1,000 | 2,000 | 1,000 | 3,000 | 162,000 |
| Semester 7 | 80,000 | 45,000 | 30,000 | 1,000 | 2,000 | 1,000 | 3,000 | 162,000 |
| Semester 8 | 80,000 | 45,000 | 30,000 | 1,000 | 2,000 | 1,000 | 3,000 | 162,000 |
Detailed Fee Components
- Tuition Fee: Covers academic instruction, course materials, and access to digital resources. This fee remains constant throughout the program.
- Hostel Rent: Includes accommodation in shared or single rooms with amenities like Wi-Fi, laundry services, and 24/7 security.
- Mess Advance: Prepaid monthly mess charges covering meals for the semester. Adjustments are made at the end of each semester based on actual consumption.
- Student Benevolent Fund: A nominal contribution towards student welfare and extracurricular activities.
- Medical Fees: Covers basic healthcare services available within the campus medical center.
- Gymkhana Fees: Supports sports and recreational facilities on campus, including gymnasiums, playing fields, and fitness programs.
- Examination Fees: Covers administrative costs associated with conducting semester-end exams and grading procedures.
Hostel & Mess Charges
The Institute provides comfortable accommodation options for students in both single and shared rooms. Room types vary based on amenities and pricing:
- Single Room: Private accommodation with personal study desk, wardrobe, and air conditioning.
- Double Room: Shared accommodation for two students with common amenities and study spaces.
Mess Billing System
The mess charges are calculated based on actual consumption. Students receive a monthly bill reflecting their usage, and adjustments are made accordingly at the end of each semester. The system ensures transparency and fairness in billing practices.
Rebate Policies
Students who have completed their academic year without any disciplinary issues may be eligible for rebates on hostel rent and mess charges. The rebate percentage varies based on performance and attendance records.
Fee Waivers, Concessions, and Scholarships
Iasscom Fortune Institute of Technology is committed to making quality education accessible to all deserving students through various financial aid schemes:
Eligibility Criteria for Scholarships
- SC/ST/PwD Category: Minimum 50% marks in qualifying examination and income below INR 2 lakh per annum.
- EWS Category: Income below INR 3 lakh per annum and valid EWS certificate from local authorities.
- MCM (Meritorious Children of Migrant Workers): Students belonging to migrant worker families with income below INR 1.5 lakh per annum.
Benefits and Application Process
Scholarship recipients receive partial or full waiver of tuition fees, hostel charges, and mess fees. Applications must be submitted along with supporting documents such as income certificates, caste certificates, and academic transcripts. The selection committee evaluates applications based on merit and need.
Payment Procedures & Refund Policy
All payments are processed through the Institute's online portal for security and convenience:
- Payment Deadlines: Fees must be paid by the first day of each semester. Late payments incur a penalty of INR 500 per day.
- Installment Plans: Students can opt for installment plans with flexible payment options spread across the semester.
- Refund Policy: Refunds are processed within 30 days of withdrawal, subject to deduction of applicable charges and penalties.