Fee Structure and Financial Aid
The fee structure for the Computer Applications program at MGM University Aurangabad is designed to be transparent and affordable, ensuring that quality education is accessible to students from diverse backgrounds. The university offers various financial aid options and support mechanisms to help students manage their educational expenses. This section provides a comprehensive overview of the fee structure, payment procedures, and financial support available to students.
Fee Structure - Annual and Semester-wise
The total fee for the Computer Applications program at MGM University Aurangabad is approximately 850,000 INR for the entire 4-year duration. The fee is broken down into semester-wise payments to facilitate manageable financial planning for students and their families. The following table provides a detailed breakdown of the fee structure:
| Fee Head | Semester 1 | Semester 2 | Semester 3 | Semester 4 | Semester 5 | Semester 6 | Semester 7 | Semester 8 |
|---|---|---|---|---|---|---|---|---|
| Tuition Fee | 150000 | 150000 | 150000 | 150000 | 150000 | 150000 | 150000 | 150000 |
| Hostel Rent | 40000 | 40000 | 40000 | 40000 | 40000 | 40000 | 40000 | 40000 |
| Mess Advance | 30000 | 30000 | 30000 | 30000 | 30000 | 30000 | 30000 | 30000 |
| Student Benevolent Fund | 2000 | 2000 | 2000 | 2000 | 2000 | 2000 | 2000 | 2000 |
| Medical Fees | 5000 | 5000 | 5000 | 5000 | 5000 | 5000 | 5000 | 5000 |
| Gymkhana Fees | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 |
| Examination Fees | 3000 | 3000 | 3000 | 3000 | 3000 | 3000 | 3000 | 3000 |
| Total | 230000 | 230000 | 230000 | 230000 | 230000 | 230000 | 230000 | 230000 |
Fee Components Explained
Each component of the fee structure serves a specific purpose in providing a comprehensive educational experience:
- Tuition Fee: This is the primary fee component covering the cost of instruction, faculty salaries, and academic resources. The tuition fee is the largest component of the total fee and reflects the quality of education provided by the university.
- Hostel Rent: The hostel rent covers accommodation for students living on campus. The university provides comfortable and well-facilitated hostels to ensure a conducive environment for learning and personal development.
- Mess Advance: The mess advance covers the cost of meals provided in the campus hostel mess. Students are required to pay an advance for meals to ensure smooth functioning of the mess system.
- Student Benevolent Fund: This fund supports students in need and provides assistance for emergencies and special circumstances. The fund is managed by the university to ensure that all students have access to basic necessities.
- Medical Fees: The medical fees cover healthcare services provided to students on campus. The university maintains a well-equipped medical facility to ensure that students receive timely medical attention.
- Gymkhana Fees: The gymkhana fees support the maintenance and operation of the campus gym and recreational facilities. These fees ensure that students have access to fitness and recreational activities to maintain a healthy lifestyle.
- Examination Fees: The examination fees cover the cost of conducting examinations, including question paper preparation, invigilation, and result processing. These fees ensure that the examination process is conducted efficiently and fairly.
Hostel and Mess Charges
The university provides well-facilitated hostels for students, with different room types and amenities to cater to diverse needs. The hostel charges are designed to be reasonable and affordable:
Room Types and Amenities
- Single Occupancy Room: A room with one bed, study table, and chair. The monthly rent is 4000 INR.
- Double Occupancy Room: A room with two beds, study tables, and chairs. The monthly rent is 3500 INR.
- Triple Occupancy Room: A room with three beds, study tables, and chairs. The monthly rent is 3000 INR.
- Four Occupancy Room: A room with four beds, study tables, and chairs. The monthly rent is 2500 INR.
Mess Billing System
The mess billing system is designed to be transparent and efficient. Students are required to pay an advance for meals, which is calculated based on the number of days they stay in the hostel. The mess charges are inclusive of breakfast, lunch, and dinner. The university ensures that the quality of food provided is nutritious and meets the dietary needs of students.
Rebate Policies
The university provides rebate policies for students who do not stay in the hostel for the entire month. The rebate is calculated based on the number of days the student is absent from the hostel. Students are required to submit a request for rebate along with the necessary documentation.
Fee Waivers, Concessions, and Scholarships
The university offers various fee waivers, concessions, and scholarships to support students from economically disadvantaged backgrounds and to recognize academic excellence:
Eligibility Criteria
The eligibility criteria for fee waivers and concessions are as follows:
- SC/ST/PwD Category: Students belonging to SC/ST/PwD categories are eligible for a 100% fee waiver.
- EWS Category: Students belonging to EWS category are eligible for a 50% fee waiver.
- MCM Category: Students belonging to MCM category are eligible for a 25% fee waiver.
Benefits and Application Process
Students who meet the eligibility criteria can apply for fee waivers and concessions by submitting the required documents and forms. The application process is straightforward and can be completed online through the university's official website. The university ensures that the application process is transparent and that all eligible students receive the necessary support.
Payment Procedures and Refund Policy
The payment procedures for the Computer Applications program are designed to be convenient and secure:
Payment Deadlines
Students are required to pay the fees before the start of each semester. The university provides a grace period of 15 days for late payments. After the grace period, a late fee of 5000 INR is charged for each month of delay.
Payment Methods
The university accepts payments through various methods including online banking, credit/debit cards, and demand drafts. Students can also make payments through the university's online payment portal, which ensures secure and convenient transactions.
Refund Policy
The refund policy for the Computer Applications program is designed to be fair and transparent:
- If a student withdraws from the program before the start of the semester, a full refund is provided.
- If a student withdraws after the start of the semester, a refund of 75% of the fees is provided.
- If a student withdraws after completing one semester, a refund of 50% of the fees is provided.
- If a student withdraws after completing two semesters, a refund of 25% of the fees is provided.
The refund process is initiated after the submission of the withdrawal request and the necessary documentation. The university ensures that the refund process is completed within 30 days of the withdrawal request.