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Fee Structure Overview

The fee structure for the Education program at MGM University Aurangabad is designed to provide quality education while ensuring accessibility for students from diverse economic backgrounds. The total fee for the 4-year program is INR 3.5 lakhs, which includes tuition fees, hostel charges, mess fees, and other miscellaneous charges.

The fee structure is divided into 8 semesters, with each semester having a specific breakdown of charges. The university also provides various financial aid options, including fee waivers, concessions, and scholarships, to support deserving students.

Fee Components Explanation

Each component of the fee structure is designed to cover specific expenses related to the educational experience at MGM University Aurangabad. Understanding these components is essential for students and their families to make informed decisions.

Tuition Fee

The tuition fee covers the cost of instruction, including faculty salaries, academic resources, and infrastructure maintenance. It is the primary component of the fee structure and is charged per semester. The tuition fee is fixed and does not change with the number of courses taken by the student.

Hostel Rent

The hostel rent covers the cost of accommodation in the university's residential facilities. The university provides well-maintained hostels with modern amenities, ensuring a comfortable living environment for students. The hostel rent is charged per semester and varies based on the type of room selected by the student.

Mess Advance

The mess advance covers the cost of meals provided in the university's dining facilities. Students are required to pay an advance for the mess charges, which is adjusted at the end of each month based on the number of meals consumed. The mess advance is charged per semester and is refundable based on the actual usage.

Student Benevolent Fund

The student benevolent fund is a small contribution towards supporting students in need. The fund is used to provide financial assistance to students facing unexpected hardships, such as medical emergencies or family crises. The contribution is minimal and is charged per semester.

Medical Fees

The medical fees cover the cost of medical services provided by the university's health center. Students have access to basic medical care, including consultations, medications, and emergency services. The medical fees are charged per semester and are included in the overall fee structure.

Gymkhana Fees

The gymkhana fees cover the cost of maintaining the university's sports and recreational facilities. Students have access to well-equipped gyms, sports courts, and recreational areas. The gymkhana fees are charged per semester and are used to maintain and upgrade the facilities.

Examination Fees

The examination fees cover the cost of conducting and administering examinations. This includes the cost of question paper preparation, invigilation, and result processing. The examination fees are charged per semester and are included in the overall fee structure.

Hostel & Mess Charges

The hostel and mess charges at MGM University Aurangabad are designed to provide students with a comfortable living and dining experience. The university offers various types of hostels with different amenities to cater to the diverse needs of students.

Hostel Room Types

The university provides three types of hostel rooms: single occupancy, double occupancy, and triple occupancy. Single occupancy rooms are available for students who prefer privacy and comfort. Double occupancy rooms are designed for students who are comfortable sharing a room with a peer. Triple occupancy rooms are suitable for students who are looking for a more economical option.

The charges for different room types are as follows:

• Single occupancy room: INR 20,000 per semester
• Double occupancy room: INR 15,000 per semester
• Triple occupancy room: INR 10,000 per semester

Mess Billing System

The mess billing system at MGM University Aurangabad is designed to be fair and transparent. Students are required to pay an advance for the mess charges, which is adjusted at the end of each month based on the number of meals consumed.

The mess charges are calculated based on the number of meals consumed in a month. Students are provided with a monthly bill that includes the number of meals consumed and the corresponding charges. The mess charges are refundable based on the actual usage.

Rebate Policies

The university provides certain rebate policies to students who meet specific criteria. These rebates are designed to provide financial relief to students who are facing financial difficulties or who have exceptional academic achievements.

Students who are from economically weaker sections are eligible for a 50% rebate on hostel and mess charges. Students who have secured a rank in the top 10% of their class are eligible for a 25% rebate on hostel and mess charges.

Fee Waivers, Concessions, and Scholarships

The university offers various fee waivers, concessions, and scholarships to support students from economically disadvantaged backgrounds. These financial aid options are designed to ensure that quality education is accessible to all students, regardless of their economic status.

Eligibility Criteria

The eligibility criteria for fee waivers, concessions, and scholarships are based on the income of the student's family and other relevant factors. The university has established specific income slabs for different categories of students.

The income slabs for fee waivers and concessions are as follows:

• SC/ST/PwD: Family income up to INR 2 lakhs
• EWS: Family income up to INR 4 lakhs
• MCM: Family income up to INR 6 lakhs

Benefits and Application Process

Students who meet the eligibility criteria can apply for fee waivers, concessions, and scholarships through the university's online portal. The application process requires students to submit relevant documents, including income certificates, caste certificates, and other supporting documents.

The university reviews the applications and approves them based on the merit and need of the students. Approved applications are processed within a specified time frame, and the financial aid is provided to the students.

Payment Procedures & Refund Policy

The payment procedures for the Education program at MGM University Aurangabad are designed to be convenient and secure. Students can make payments through various modes, including online banking, credit/debit cards, and demand drafts.

Payment Deadlines

Students are required to make payments by the specified deadlines to avoid late fees and ensure their admission status. The payment deadlines are clearly communicated to students through official notices and the university's online portal.

Late Fee Calculations

Students who fail to make payments by the specified deadlines are subject to late fees. The late fees are calculated as a percentage of the total fee amount and are added to the outstanding balance. The university provides a grace period for students to make payments without incurring late fees.

Refund Rules

The university has a clear refund policy for students who withdraw from the program or face exceptional circumstances. The refund rules are designed to ensure that students are not financially burdened by unexpected situations.

Students who withdraw from the program before the start of the semester are eligible for a full refund of the fees paid. Students who withdraw after the start of the semester are eligible for a partial refund, based on the number of semesters completed.

The university also provides refunds for students who are unable to complete their studies due to medical emergencies or other exceptional circumstances. The refund process is initiated after the submission of relevant documents and approval by the university authorities.