Fee Structure Overview
The Bachelor of Business Administration program at Mahathi Degree College Visakhapatnam offers a comprehensive fee structure that is designed to be affordable and transparent, ensuring that quality business education is accessible to students from diverse economic backgrounds. The fee structure is carefully designed to cover all aspects of the educational experience, including tuition, accommodation, meals, and other essential services. The college maintains a commitment to providing value for money by ensuring that the fees are aligned with the quality of education and services provided. The fee structure is reviewed annually to ensure that it remains competitive and reflects the cost of providing quality education and facilities. The college also provides various financial assistance options to ensure that deserving students are not deprived of quality education due to financial constraints.
Annual Fee Structure
The annual fee structure for the Bachelor of Business Administration program at Mahathi Degree College Visakhapatnam is designed to be comprehensive and transparent, covering all essential aspects of the educational experience. The structure is divided into various components, each with its own cost, and is designed to provide students with a clear understanding of the expenses they will incur throughout their academic journey. The total annual fee is calculated based on the sum of all individual components, ensuring that students can plan their finances accordingly. The fee structure is reviewed annually to ensure that it remains aligned with the cost of providing quality education and services. The college also provides various financial assistance options to support students who may face financial challenges.
| Fee Component | Amount (INR) | Frequency |
|---|---|---|
| Tuition Fee | 150000 | Per Semester |
| Hostel Rent | 50000 | Per Semester |
| Mess Advance | 25000 | Per Semester |
| Student Benevolent Fund | 2000 | Per Semester |
| Medical Fees | 3000 | Per Semester |
| Gymkhana Fees | 2000 | Per Semester |
| Examination Fees | 1000 | Per Semester |
| Other Charges | 5000 | Per Semester |
| Total Annual Fee | 240000 | Per Year |
Fee Components Detailed Explanation
Each component of the fee structure for the Bachelor of Business Administration program at Mahathi Degree College Visakhapatnam is carefully designed to cover specific aspects of the educational and living experience. The tuition fee covers the cost of instruction, academic resources, and administrative services provided by the college. The hostel rent covers accommodation and related services for students residing on campus. The mess advance covers the cost of meals and dining facilities. The student benevolent fund supports various student welfare activities and initiatives. The medical fees cover healthcare services and medical facilities available on campus. The gymkhana fees support recreational and sports activities. The examination fees cover the cost of conducting examinations and evaluation processes. The other charges include various miscellaneous expenses and services.
Hostel and Mess Charges
The hostel facilities at Mahathi Degree College Visakhapatnam are designed to provide students with comfortable and safe accommodation that supports their academic and personal development. The hostel charges are structured to cover the cost of accommodation, maintenance, utilities, and other related services. The college offers various room types to accommodate different needs and preferences of students. The mess charges are designed to provide nutritious and hygienic meals to students, with a variety of food options to cater to different tastes and dietary requirements. The mess billing system is designed to be transparent and convenient, with options for advance payment and monthly billing.
The hostel room types offered include:
- Single Occupancy Room
- Double Occupancy Room
- Triple Occupancy Room
- Four Occupancy Room
The mess charges are structured as follows:
- Standard Mess: 15000 per semester
- Deluxe Mess: 20000 per semester
- Premium Mess: 25000 per semester
The rebate policies for hostel and mess charges are as follows:
- 50% rebate for students from SC/ST/PwD categories
- 25% rebate for students from EWS category
- 10% rebate for students with academic excellence (top 10% of the class)
- No rebate for general category students
Fee Waivers, Concessions, and Scholarships
The Bachelor of Business Administration program at Mahathi Degree College Visakhapatnam offers various fee waivers, concessions, and scholarship opportunities to support students from economically disadvantaged backgrounds and those who demonstrate exceptional academic performance. The financial assistance programs are designed to ensure that quality education is accessible to all deserving students, regardless of their economic circumstances. The eligibility criteria for these programs are clearly defined and communicated to all students, ensuring transparency and fairness in the selection process. The college also provides guidance and support to students in applying for these financial assistance programs.
The fee waiver and concession policies are as follows:
| Category | Eligibility Criteria | Benefit |
|---|---|---|
| SC/ST/PwD | As per government guidelines | 50% fee waiver |
| EWS | Family income below INR 8 lakh per annum | 25% fee concession |
| MCM | Mothers of children with disabilities | 25% fee concession |
| Academic Excellence | Top 10% of the class in the previous year | 10% fee concession |
| Disaster Victims | As per government guidelines | 100% fee waiver |
| Orphans | As per government guidelines | 100% fee waiver |
| Other Categories | As per college policy | Varies based on individual circumstances |
Scholarship Programs
The college offers several scholarship programs to support students who demonstrate exceptional academic performance, financial need, or other qualifying criteria. These scholarships are designed to provide financial assistance to students who may face challenges in funding their education. The scholarship programs are competitive and require students to meet specific eligibility criteria and application requirements. The college also provides information and guidance to students on how to apply for these scholarship opportunities.
The scholarship programs offered include:
- Merit Scholarship: For students with exceptional academic performance (top 5% of the class)
- Need-Based Scholarship: For students from economically disadvantaged backgrounds
- Performance-Based Scholarship: For students who demonstrate outstanding performance in extracurricular activities
- Research Scholarship: For students pursuing research projects or internships
- Entrepreneurship Scholarship: For students who demonstrate entrepreneurial potential
Payment Procedures and Refund Policy
The payment procedures for the Bachelor of Business Administration program at Mahathi Degree College Visakhapatnam are designed to be convenient and transparent, ensuring that students can make payments without difficulty. The college provides multiple payment options, including online payment, bank transfer, and cash payment, to accommodate the diverse needs of students. The payment deadlines are clearly communicated to students, and late payment penalties are applied to ensure timely payment of fees. The refund policy is designed to be fair and transparent, with clear guidelines on when and how refunds can be processed.
The payment procedures include:
- Online payment through the college website using secure payment gateways
- Bank transfer to the college's designated account
- Cash payment at the college's designated payment counters
- Check payment through the college's payment system
The payment deadlines are as follows:
- First semester payment: Before the start of the semester
- Second semester payment: Before the start of the second semester
- Annual payment: Before the start of the academic year
The late fee calculation is as follows:
- For payments made within 15 days of the deadline: No late fee
- For payments made between 16-30 days of the deadline: 5% of the fee amount
- For payments made after 30 days of the deadline: 10% of the fee amount
The refund policy is as follows:
- Refunds are processed within 30 days of the withdrawal application
- Refunds are subject to deductions for administrative charges
- Refunds are not processed for students who have completed more than 50% of the academic year
- Refunds are processed through the same payment method used for the original payment
Financial Aid and Support Services
The Bachelor of Business Administration program at Mahathi Degree College Visakhapatnam provides comprehensive financial aid and support services to ensure that students can access quality education without financial stress. The college offers various financial assistance options, including fee waivers, concessions, scholarships, and loan facilities. The financial aid services are designed to be accessible and supportive, with clear guidelines and procedures for students to apply and receive assistance. The college also provides guidance and counseling to students on financial planning and management to ensure that they can make the most of their educational experience.
The financial aid and support services include:
- Fee waiver and concession programs
- Scholarship opportunities for academic and non-academic excellence
- Loan facilities for students who require financial assistance
- Financial counseling and planning services
- Emergency financial assistance for students in need
- Support for students with disabilities and special needs
- Guidance on government schemes and financial assistance programs
- Information on external funding opportunities and grants
The college's commitment to financial accessibility ensures that students from all backgrounds can pursue their education and achieve their career goals without financial barriers. The financial support system is designed to be comprehensive and responsive to the changing needs of students and their families.