Fees

The MBA in Business Analytics program at Loyola Institute of Business Administration Chennai offers a transparent and well-structured fee system. The total cost includes tuition fees, hostel charges, mess fees, and other administrative expenses.

Fee Structure Overview

Fee Components Explanation

Tuition Fee

The tuition fee covers all academic instruction, access to library resources, and course materials. It is charged per semester and includes charges for faculty interaction, laboratory sessions, and workshops.

Hostel Rent

Students are required to stay in the Institute's hostels, which provide a safe and conducive environment for learning. The rent varies based on room type and includes utilities such as electricity, water, and internet.

Mess Advance

An advance payment is collected for mess charges to ensure smooth operation of the cafeteria facilities. The amount covers meals for the entire semester.

Student Benevolent Fund

This fund supports students in financial distress and contributes to various welfare activities within the campus. A nominal contribution is required from all students.

Medical Fees

The medical fees cover basic healthcare services provided by the Institute's health center, including consultations, diagnostic tests, and medications.

Gymkhana Fees

This fee supports the activities of the gymkhana committee, which organizes sports events, cultural programs, and recreational activities for students.

Examination Fees

These fees cover the cost of conducting internal and external examinations, including evaluation and result processing.

Hostel & Mess Charges

Room Types

The Institute offers various room types to accommodate students:

• Single Occupancy Room (S.O.): ₹40,000/year
• Double Occupancy Room (D.O.): ₹35,000/year
• Triple Occupancy Room (T.O.): ₹30,000/year

Mess Billing System

The mess billing system operates on a monthly cycle. Students pay an advance for meals, which is adjusted based on actual consumption. The Institute ensures that the billing process is transparent and fair.

Rebate Policies

Students who are absent due to valid reasons such as illness or travel can apply for rebates. Rebates are granted after verification of documents and approval by the hostel authorities.

Fee Waivers, Concessions, and Scholarships

The Institute provides several financial assistance options to eligible students:

Scholarship Categories

• SC/ST/PwD: 100% waiver on tuition fees
• EWS: 50% waiver on tuition fees
• MCM (Minority Community): 50% waiver on tuition fees

Eligibility Criteria

Scholarships are awarded based on:

• Academic performance (minimum 70% in qualifying exam)
• Income level (annual income below ₹4 lakh for general category)
• Residence status (rural or urban)
• Disability certificate (for PwD candidates)

Application Process

Students must submit the scholarship application form along with supporting documents. The selection committee evaluates applications based on merit and need.

Payment Procedures & Refund Policy

Payment Deadlines

All fees must be paid by the specified deadline each semester to avoid late fees and penalties. Payment can be made through online banking, NEFT, or demand draft.

Late Fee Calculations

A late fee of ₹1000 per day is charged for delayed payments. Students are advised to pay early to avoid any inconvenience.

Refund Rules

Refunds are processed according to the following rules:

• Full refund if withdrawal occurs before the start of the semester
• Partial refund (minus administrative charges) for withdrawals within the first two weeks
• No refund after the second week of the semester