Fee Structure Overview
The total fee for the Bachelor of Electronics and Communication program at Iasscom Fortune Institute of Technology is INR 850,000 for the entire four-year duration. This amount includes tuition fees, hostel charges, mess advance, student benevolent fund, medical fees, gymkhana fees, examination fees, and other miscellaneous charges.
| Fee Head | Semester-wise Charges (INR) |
|---|---|
| Tuition Fee | 300000 |
| Hostel Rent | 150000 |
| Mess Advance | 75000 |
| Student Benevolent Fund | 10000 |
| Medical Fees | 5000 |
| Gymkhana Fees | 3000 |
| Examination Fees | 2000 |
| Other Charges | 100000 |
Detailed Fee Breakdown
Tuition Fee
The tuition fee of INR 300,000 covers access to lectures, laboratory sessions, library resources, and academic support services. This fee is inclusive of all course materials, digital resources, and software licenses required for learning.
Hostel Rent
Hostel accommodation costs are INR 150,000 for the entire academic year. The hostel facilities include air-conditioned rooms, common areas, study halls, recreational spaces, and 24/7 security services. Students can choose between single, double, or triple occupancy rooms based on availability.
Mess Advance
The mess advance of INR 75,000 covers meals for the entire academic year. The mess provides nutritious and hygienic food options including vegetarian and non-vegetarian dishes, seasonal delicacies, and special occasions. Monthly meal plans are available to suit individual preferences.
Student Benevolent Fund
This fund supports students facing financial hardships or emergencies during their academic journey. Contributions of INR 10,000 per year are mandatory for all students, ensuring mutual assistance within the student community.
Medical Fees
Medical fees amount to INR 5,000 annually, covering basic healthcare services, consultations, and emergency treatments at the institute's medical center. Additional health insurance coverage is available through optional policies.
Gymkhana Fees
The gymkhana fee of INR 3,000 covers access to sports facilities, fitness programs, recreational activities, and athletic events organized by the student union. Students can participate in various sports like cricket, football, basketball, badminton, and table tennis.
Examination Fees
Examination fees of INR 2,000 cover administrative costs related to conducting end-of-semester examinations, grading, and result processing. Additional charges may apply for supplementary or revaluation exams.
Other Charges
Other charges of INR 100,000 include stationery supplies, event organization, transportation services, and infrastructure maintenance costs. These funds support extracurricular activities and student development initiatives.
Hostel & Mess Charges
The hostel facilities at Iasscom Fortune Institute of Technology are designed to provide a comfortable living environment for students pursuing their education. Room types include single occupancy (INR 40,000), double occupancy (INR 30,000), and triple occupancy (INR 25,000) rooms.
Room Features
- Air-conditioned rooms with study tables and chairs
- Wi-Fi connectivity and internet access
- 24/7 electricity supply and water availability
- Security systems including CCTV cameras and gate guards
- Common areas for social interaction and relaxation
Mess Billing System
The mess billing system is transparent and convenient, with monthly charges calculated based on actual consumption. Students receive monthly bills detailing meal counts and corresponding amounts. Advance payments are required at the beginning of each semester.
Rebate Policies
Students may avail rebates in hostel rent or mess charges under certain circumstances such as academic performance, sports achievements, or community service contributions. These rebates are reviewed annually based on eligibility criteria and available resources.
Fee Waivers, Concessions, and Scholarships
The institute offers various fee waivers, concessions, and scholarships to deserving students from economically disadvantaged backgrounds:
Scholarship Eligibility Criteria
- SC/ST/PwD Category: Students with income up to INR 200,000 per annum are eligible for full fee waivers.
- EWS Category: Students with income between INR 200,001 and INR 500,000 receive partial fee concessions of 50%.
- MCM Category: Widows, divorced women, or single mothers with income up to INR 300,000 are eligible for full fee waivers.
Application Process
To apply for financial assistance, students must submit the following documents:
- Income certificate from local authorities
- Caste certificate (for SC/ST/PwD candidates)
- Disability certificate (for PwD candidates)
- Bank account details and passbook copy
- Academic transcripts and recommendation letters
The application process is conducted online through the institute's official portal. Applications are reviewed by a committee comprising faculty members, administrative staff, and alumni representatives.
Payment Procedures & Refund Policy
Payment Deadlines
All fees must be paid within the first week of each semester. Late payments attract a penalty of 2% per month on outstanding balances. Students are advised to plan their finances accordingly to avoid delays.
Installment Plans
For students unable to pay full fees upfront, installment plans are available upon request. These plans allow payment in three equal installments over the course of a semester with nominal interest charges.
Refund Rules
If a student withdraws from the program, refunds are processed according to the following rules:
- Withdrawal before 15th day of admission: Full refund minus administrative charges
- Withdrawal between 16th and 30th day: 80% refund
- Withdrawal after 30th day: No refund is granted
Refunds are processed within 30 days of receiving the withdrawal request, subject to verification of documents and clearance of dues.