Fee Structure
The fee structure for the MBA program at IIMT University Meerut is designed to be transparent and affordable while ensuring high-quality education and facilities. The total cost includes tuition fees, hostel charges, mess fees, and other essential components required for a comprehensive academic experience.
Annual Fee Breakdown
| Fee Component | Semester 1 | Semester 2 | Semester 3 | Semester 4 | Total (2 Years) |
|---|---|---|---|---|---|
| Tuition Fee | 150000 | 150000 | 150000 | 150000 | 600000 |
| Hostel Rent | 25000 | 25000 | 25000 | 25000 | 100000 |
| Mess Advance | 15000 | 15000 | 15000 | 15000 | 60000 |
| Student Benevolent Fund | 2000 | 2000 | 2000 | 2000 | 8000 |
| Medical Fees | 3000 | 3000 | 3000 | 3000 | 12000 |
| Gymkhana Fees | 1000 | 1000 | 1000 | 1000 | 4000 |
| Examination Fees | 2000 | 2000 | 2000 | 2000 | 8000 |
| Total | 197000 | 197000 | 197000 | 197000 | 788000 |
Fee Components Explanation
Tuition Fee
The tuition fee covers the cost of instruction, access to academic resources, and faculty support throughout the program. It includes lecture notes, case studies, and access to online learning platforms.
Hostel Rent
Hostel accommodation is provided on a shared basis with basic amenities including Wi-Fi, laundry facilities, and 24/7 security. The rent varies based on room type and availability.
Mess Advance
The mess advance covers the cost of meals for the entire semester. Students are expected to settle their mess bills monthly based on consumption.
Student Benevolent Fund
This fund supports students facing financial difficulties and contributes to community welfare initiatives within the university.
Medical Fees
The medical fee covers access to on-campus health services, emergency care, and basic healthcare facilities for students.
Gymkhana Fees
This fee provides access to gym facilities, sports activities, and recreational programs to promote physical wellness among students.
Examination Fees
The examination fee covers the cost of conducting end-of-semester tests, assessments, and evaluation processes.
Hostel & Mess Charges
Room Types
IIMT University Meerut offers several types of hostel rooms to accommodate different preferences and budgets:
- Single Occupancy Room: Rs. 25000 per semester with private bathroom, Wi-Fi, and air conditioning.
- Double Occupancy Room: Rs. 20000 per semester with shared bathroom facilities and basic amenities.
- Triple Occupancy Room: Rs. 15000 per semester with shared bathrooms and common areas.
Mess Billing System
The mess billing system is managed through an online portal where students can view their monthly consumption and make payments accordingly. The system ensures accurate tracking of daily meals and provides receipts for transactions.
Rebate Policies
Students may be eligible for rebates under certain conditions such as:
- Attendance Rebate: For students who attend all classes regularly, a small rebate is provided on mess charges.
- Hostel Rebate: Students studying in hostel rooms with special arrangements may receive discounts based on availability and demand.
Fee Waivers, Concessions, and Scholarships
IIMT University Meerut offers various financial assistance options to ensure accessibility and affordability for all deserving students:
Eligibility Criteria
- SC/ST/PwD Category: Students belonging to these categories are eligible for a 50% concession on tuition fees.
- EWS Category: Students from economically weaker sections receive a 25% discount on tuition fees.
- MCM (Meritorious Children of Migrants): Eligible students get a 10% reduction in tuition fees.
Scholarship Benefits
- Merit Scholarships: Top performers in entrance examinations receive scholarships ranging from Rs. 50,000 to Rs. 200,000 per annum.
- Need-based Scholarships: Students demonstrating financial need can apply for additional support based on income slabs.
Application Process
To apply for fee waivers or scholarships, students must submit an application form along with supporting documents such as income certificates, caste certificates, and academic records. The application process is reviewed by the financial aid committee.
Payment Procedures & Refund Policy
Payment Deadlines
Students are required to complete their fee payments before the start of each semester. Late payments incur a penalty of Rs. 1000 per day beyond the deadline.
Payment Methods
- Online Payment: Students can make payments using net banking, credit/debit cards, or UPI applications through the university portal.
- Offline Payment: Payments can also be made at designated bank branches or the university office with proper documentation.
Refund Policy
In case of withdrawal from the program, students are eligible for a refund based on the following criteria:
- Withdrawal Before First Month: Full refund minus administrative charges of Rs. 5000.
- Withdrawal After First Month: Refund of 70% after deducting administrative charges and hostel fees.
- Withdrawal After Completion of First Semester: No refund is provided for tuition fees but hostel charges are refunded proportionally.