Fee Structure Overview
The total fee structure for the Bachelor of Information Technology program at Iasscom Fortune Institute of Technology is designed to be transparent and affordable. The program spans four years, with detailed breakdowns provided below:
| 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) |
|---|---|---|---|---|---|---|---|---|
| 1st Year | 150000 | 60000 | 30000 | 2000 | 2000 | 1000 | 2000 | 247000 |
| 2nd Year | 150000 | 60000 | 30000 | 2000 | 2000 | 1000 | 2000 | 247000 |
| 3rd Year | 150000 | 60000 | 30000 | 2000 | 2000 | 1000 | 2000 | 247000 |
| 4th Year | 150000 | 60000 | 30000 | 2000 | 2000 | 1000 | 2000 | 247000 |
Tuition Fee: Covers the cost of instruction, laboratory sessions, and access to digital resources including online databases and software licenses.
Hostel Rent: Includes accommodation in shared rooms with basic amenities such as bed, study table, chair, and wardrobes. The rent varies based on room type (single, double, triple occupancy).
Mess Advance: Advance payment for food services provided by the institute's catering department, covering meals throughout the semester.
Student Benevolent Fund: Contributes to welfare initiatives and support programs for students facing financial hardships.
Medical Fees: Covers basic healthcare services including consultations with internal medicine doctors and emergency treatments.
Gymkhana Fees: Supports extracurricular activities, sports facilities, and cultural events organized by the student body.
Examination Fees: Includes costs associated with conducting end-of-semester exams, evaluation processes, and result publishing.
Hostel & Mess Charges
The hostel facility at Iasscom Fortune Institute of Technology offers comfortable living arrangements for students. Rooms are categorized as follows:
- Single Occupancy Room: INR 60,000 annually, with a single bed, study table, chair, wardrobe, and Wi-Fi access.
- Double Occupancy Room: INR 50,000 annually, shared between two students with similar amenities.
- Triple Occupancy Room: INR 40,000 annually, accommodating three students with shared common areas.
The mess billing system operates monthly, where students pay for meals based on consumption. Rebate policies are available for students who miss meals due to illness or other valid reasons.
Fee Waivers, Concessions, and Scholarships
Iasscom Fortune Institute of Technology offers several financial assistance options:
- SC/ST/PwD Category Students: Eligible for full fee waiver subject to income slabs below INR 1 lakh per annum.
- EWS Category Students: Receive a 50% concession on tuition fees with income limits up to INR 3 lakhs annually.
- MCM (Minority Community Students): Eligible for partial fee concessions depending on family income and regional criteria.
Applications for financial aid must be submitted through the official portal during the admission process or mid-year, with supporting documents like income certificates, caste certificates, and Aadhaar cards.
Payment Procedures & Refund Policy
Students are required to make payments before the start of each semester. Payment deadlines are strictly enforced with late fees calculated at 5% per month beyond the due date. Refunds are processed upon withdrawal or transfer from the institution, subject to a deduction of administrative charges and outstanding dues.