Fee Structure Overview
The Bachelor of Commerce program at Mahathi Degree College Visakhapatnam offers a comprehensive fee structure that covers all academic and residential expenses for the three-year program. The college's fee structure is designed to be transparent, reasonable, and aligned with the quality of education and facilities provided. The fees are collected on a semester-wise basis, with each semester's fee covering tuition, academic resources, and other essential services. The college ensures that the fee structure remains competitive and accessible to students from diverse economic backgrounds while maintaining the high standards of education and infrastructure.
Annual Fee Structure
| Component | Amount (INR) |
|---|---|
| Tuition Fee | 120000 |
| Hostel Rent | 20000 |
| Mess Advance | 15000 |
| Student Benevolent Fund | 2000 |
| Medical Fees | 1000 |
| Gymkhana Fees | 500 |
| Examination Fees | 1500 |
| Other Charges | 1000 |
| Total Annual Fee | 161000 |
Semester-wise Fee Structure
| Semester | Tuition Fee (INR) | Hostel Rent (INR) | Mess Advance (INR) | Other Fees (INR) | Total (INR) |
|---|---|---|---|---|---|
| Semester 1 | 60000 | 10000 | 7500 | 1500 | 80000 |
| Semester 2 | 60000 | 10000 | 7500 | 1500 | 80000 |
| Semester 3 | 60000 | 10000 | 7500 | 1500 | 80000 |
| Semester 4 | 60000 | 10000 | 7500 | 1500 | 80000 |
| Semester 5 | 60000 | 10000 | 7500 | 1500 | 80000 |
| Semester 6 | 60000 | 10000 | 7500 | 1500 | 80000 |
Fee Components Explanation
Tuition Fee
The tuition fee covers the cost of instruction, academic resources, and educational services provided to students throughout the program. This fee includes access to the college's academic facilities, including libraries, computer labs, and other learning resources. The tuition fee is designed to provide students with a high-quality education and is reviewed annually to ensure that it remains competitive and aligned with the cost of providing quality education.
Hostel Rent
The hostel rent covers accommodation for students who choose to stay on campus. The college provides well-maintained hostel facilities with modern amenities to ensure a comfortable living environment for students. The hostel rent includes basic amenities such as beds, wardrobes, study tables, and common areas. The college ensures that the hostel facilities meet all safety and hygiene standards and provide a conducive environment for learning and personal development.
Mess Advance
The mess advance is a pre-paid amount that covers the cost of meals for students staying in the hostel. The mess charges are calculated based on the number of meals provided per day and the cost of food items. The mess advance is adjusted at the end of each month based on the actual consumption of meals. The college ensures that the mess facilities provide nutritious and hygienic food to students, and the menu is regularly updated to meet the dietary requirements of students.
Student Benevolent Fund
The Student Benevolent Fund is a contribution towards the welfare of students and covers expenses related to student support services, including medical assistance, emergency aid, and other welfare activities. This fund ensures that students have access to necessary support services during their academic journey and helps in addressing any unforeseen circumstances that may arise.
Medical Fees
The medical fees cover the cost of medical services and healthcare facilities available to students on campus. The college maintains a well-equipped medical center with qualified medical professionals to provide basic healthcare services to students. The medical fees ensure that students have access to timely medical attention and healthcare services, including emergency care, routine check-ups, and preventive health measures.
Gymkhana Fees
The Gymkhana fees cover the cost of maintaining the college's sports and recreational facilities. These fees support the operation and maintenance of sports equipment, gymnasiums, and other recreational facilities available to students. The college encourages students to participate in sports and extracurricular activities to promote physical fitness and overall development.
Examination Fees
The examination fees cover the cost of conducting examinations, evaluating answer scripts, and maintaining examination facilities. These fees ensure that students have access to proper examination environments and that the evaluation process is conducted efficiently and fairly. The examination fees also cover the cost of maintaining examination records and providing result reports to students.
Other Charges
The other charges cover miscellaneous expenses related to the operation of the college and the provision of services to students. These charges may include administrative costs, library maintenance, and other operational expenses that are necessary for the smooth functioning of the college.
Hostel & Mess Charges
Hostel Room Types
The college provides various types of hostel rooms to accommodate students based on their preferences and budget considerations:
- Single Occupancy Room
- Double Occupancy Room
- Triple Occupancy Room
- Four Occupancy Room
The hostel rooms are well-furnished with basic amenities and are maintained to ensure a comfortable living environment. The college provides different room types to cater to the diverse needs of students and ensure that all students have access to quality accommodation.
Mess Billing System
The mess billing system is designed to ensure fair and transparent billing for students staying in the hostel. The system calculates the mess charges based on the number of meals consumed and the cost of food items. The mess charges are adjusted monthly based on actual consumption and are reflected in the student's account. The college ensures that the mess billing system is efficient and provides accurate billing to students.
Rebate Policies
The college provides certain rebate policies for students who meet specific criteria:
- Students who stay in hostel during vacation periods may be eligible for partial rebate on hostel charges
- Students with exceptional academic performance may be eligible for hostel fee discounts
- Students from economically disadvantaged backgrounds may be eligible for hostel fee concessions
- Students with disabilities may be eligible for special accommodations and fee waivers
These rebate policies are designed to make hostel accommodation accessible to students from all economic backgrounds and to support those who demonstrate academic excellence or face financial challenges.
Fee Waivers, Concessions, and Scholarships
Eligibility Criteria
The college offers various fee waivers, concessions, and scholarships to support students from different backgrounds:
SC/ST/PwD Category
Students belonging to SC/ST/PwD categories are eligible for a 100% fee waiver on tuition fees and a 50% concession on hostel and mess charges. The eligibility is determined based on the valid certificates issued by the competent authorities.
EWS Category
Students belonging to EWS category are eligible for a 50% concession on tuition fees and a 25% concession on hostel and mess charges. The eligibility is determined based on the income certificate issued by the competent authorities.
MCM Category
Students from MCM (Mother's Child Migrant) category are eligible for a 50% concession on tuition fees and a 25% concession on hostel and mess charges. The eligibility is determined based on the valid certificates issued by the competent authorities.
Academic Excellence
Students who achieve exceptional academic performance are eligible for merit-based scholarships that may cover partial or full tuition fees. The scholarships are awarded based on the performance in the qualifying examination and the academic performance during the program.
Financial Need
Students who demonstrate financial need may be eligible for need-based financial assistance that can help cover tuition, hostel, and mess charges. The financial need is assessed based on the family income and other relevant factors.
Application Process for Financial Aid
The application process for fee waivers, concessions, and scholarships is as follows:
- Students must submit an application form along with the required documents
- Applications are reviewed by the financial aid committee
- Eligible students are notified and the benefits are applied to their accounts
- Students must provide updated documents annually to continue receiving the benefits
The college ensures that the application process is transparent and accessible to all eligible students. The financial aid committee reviews applications based on the eligibility criteria and provides support to students who demonstrate genuine need or academic excellence.
Payment Procedures & Refund Policy
Payment Deadlines
Students are required to pay the fees before the start of each semester. The payment deadlines are as follows:
- First Semester: Before 15th April
- Second Semester: Before 15th October
- Third Semester: Before 15th April
- Fourth Semester: Before 15th October
- Fifth Semester: Before 15th April
- Sixth Semester: Before 15th October
Late payments are subject to a late fee of 1000 INR per month. The college encourages students to pay fees on time to avoid any inconvenience.
Payment Methods
Students can make fee payments through the following methods:
- Online Payment via the college website
- Bank Transfer
- NEFT/RTGS
- Debit/Credit Card
- Net Banking
The college provides a secure payment gateway for online transactions and ensures that all payment methods are safe and reliable.
Refund Policy
The refund policy for the Bachelor of Commerce program is as follows:
- Refunds are processed only for students who withdraw from the program
- The refund amount is calculated based on the fees paid and the period of study
- Refunds are processed within 30 days of the withdrawal application
- Students must submit a withdrawal application with valid reasons
- Refunds are processed after deducting the administrative charges and any applicable penalties
The college ensures that the refund process is fair and transparent, and students receive their refunds in a timely manner.