Fee Structure Overview
The fee structure for the Masters of Commerce program at Mahathi Degree College Visakhapatnam is designed to be transparent, reasonable, and aligned with the quality of education provided. The program's fee structure includes various components that cover tuition, hostel, mess, and other institutional charges. The department ensures that the fee structure is affordable and accessible to students from diverse economic backgrounds.
| Fee Component | Amount (INR) |
|---|---|
| Tuition Fee | 80000 |
| Hostel Rent | 20000 |
| Mess Advance | 15000 |
| Student Benevolent Fund | 2000 |
| Medical Fees | 1000 |
| Gymkhana Fees | 1000 |
| Examination Fees | 2000 |
| Total | 121000 |
The total fee for the program is 242000 INR for the entire two-year duration. This fee structure is competitive and reflects the quality of education and facilities provided by the department. The department regularly reviews and updates the fee structure to ensure that it remains aligned with the cost of providing quality education and maintaining institutional facilities.
The tuition fee covers the cost of instruction, academic resources, and access to departmental facilities. The fee is paid on a semester basis, with students required to pay the tuition fee for each semester before the start of the academic term.
The hostel rent is charged to accommodate students who require residential facilities. The hostel facilities are well-maintained and provide a comfortable living environment for students. The rent includes basic amenities such as bedding, furniture, and common areas.
The mess advance is collected to cover the cost of meals provided to students. The mess facilities are designed to provide nutritious and hygienic food to students. The advance amount is adjusted at the end of each month based on the actual consumption.
The Student Benevolent Fund is a small fee collected to support students who face financial difficulties. The fund is used to provide assistance to students who require financial support for their education and living expenses.
The Medical Fees cover the cost of medical services provided to students. The department has a well-equipped medical facility that provides basic medical care to students.
The Gymkhana Fees are charged to support the activities of the student gymkhana, which includes sports and recreational activities. The fees contribute to the maintenance of sports facilities and the organization of sports events.
The Examination Fees cover the cost of conducting examinations and evaluating student performance. The fees ensure that the department can maintain high standards of academic evaluation and provide timely results.
Hostel & Mess Charges
The hostel facilities at Mahathi Degree College Visakhapatnam are designed to provide a comfortable and conducive environment for students' academic and personal development. The hostel charges are structured to ensure that students have access to quality accommodation at reasonable rates.
The hostel rooms are categorized into different types based on the number of occupants and amenities provided. The department offers single, double, and triple occupancy rooms to accommodate different preferences and requirements of students.
Single occupancy rooms are equipped with basic amenities such as a bed, study table, chair, and storage space. These rooms are ideal for students who prefer a quiet and private living environment.
Double occupancy rooms are designed to accommodate two students sharing a room. These rooms are equipped with two beds, study tables, chairs, and storage space. The rooms are designed to promote a sense of community and collaboration among students.
Triple occupancy rooms are designed to accommodate three students sharing a room. These rooms are equipped with three beds, study tables, chairs, and storage space. The rooms are designed to promote a sense of community and collaboration among students.
The mess billing system is designed to be transparent and fair. Students are required to pay a monthly advance for their meals, which is adjusted at the end of each month based on the actual consumption. The mess facilities provide a variety of food options to cater to different dietary preferences and requirements.
Rebate policies are in place to provide financial relief to students who meet certain criteria. The rebate policies are designed to ensure that students who face financial difficulties can continue their education without undue burden. The department regularly reviews and updates the rebate policies to ensure that they remain relevant and effective.
The hostel facilities are maintained to the highest standards to ensure the safety and comfort of students. The department ensures that the hostel facilities are clean, well-maintained, and equipped with necessary amenities. Regular maintenance and upgrades are carried out to improve the living conditions of students.
Fee Waivers, Concessions, and Scholarships
The department at Mahathi Degree College Visakhapatnam recognizes the importance of financial assistance for students from economically disadvantaged backgrounds. The fee waiver, concession, and scholarship policies are designed to ensure that financial constraints do not prevent deserving students from pursuing their education.
Fee waivers are available for students belonging to SC/ST/PwD categories, EWS, and MCM. The eligibility criteria for fee waivers are based on income slabs and other relevant factors. The department provides detailed information about the eligibility criteria and the application process for fee waivers to ensure that students can access this support.
The income slabs for fee waivers are as follows: For SC/ST/PwD categories, the income slab is up to 2.5 lakhs per annum. For EWS, the income slab is up to 6 lakhs per annum. For MCM, the income slab is up to 10 lakhs per annum.
The application process for fee waivers involves the submission of relevant documents and proof of income. Students are required to fill out an application form and submit it along with the necessary documents to the department. The department reviews the applications and approves the waivers based on the eligibility criteria and the available budget.
Concessions are available for students who meet certain criteria, such as those from economically disadvantaged backgrounds or those who have demonstrated exceptional academic performance. The concessions are designed to provide financial relief to students who require support to continue their education.
Scholarships are available for meritorious students who have excelled in their academic performance and have demonstrated leadership qualities. The department offers various scholarships to support students who have shown exceptional potential and dedication to their studies.
Payment Procedures & Refund Policy
The payment procedures for the Masters of Commerce program at Mahathi Degree College Visakhapatnam are designed to be simple, secure, and convenient for students. The department provides multiple payment options to accommodate different preferences and requirements of students.
Students can make payments through various modes, including online banking, credit/debit cards, and net banking. The department's payment gateway is secure and provides a seamless payment experience for students. The payment process is designed to be user-friendly and accessible to students from different backgrounds.
Payment deadlines are clearly communicated to students to ensure that they can make timely payments and avoid any inconvenience. The department provides reminders and notifications to students about payment deadlines and other important dates.
For late payments, the department charges a late fee as per the university guidelines. The late fee is calculated based on the number of days of delay and is added to the total fee amount. The department ensures that the late fee policy is fair and reasonable, taking into account the circumstances of students.
The refund policy for the program is designed to be transparent and fair. Students who withdraw from the program are eligible for a refund of the fees paid, subject to certain conditions. The refund process is conducted in accordance with the university guidelines and the department's policies.
The refund amount is calculated based on the number of days the student has attended classes and the fees paid. The department ensures that the refund process is efficient and that students receive their refunds in a timely manner. The refund policy is designed to be fair and reasonable, taking into account the circumstances of students and the department's financial obligations.