Fee Structure
The fee structure for the Management program at MGM University Aurangabad is designed to be transparent, fair, and aligned with the quality of education provided by the university. The structure includes various components that cover tuition, accommodation, meals, and other essential services.
| Component | Amount (INR) Per Semester | Notes |
|---|---|---|
| Tuition Fee | 150000 | Based on the university's fee structure for UG programs |
| Hostel Rent | 30000 | Based on room type and amenities |
| Mess Advance | 15000 | Advance payment for meals |
| Student Benevolent Fund | 2000 | Annual contribution for student welfare |
| Medical Fees | 1000 | Annual medical facility charges |
| Gymkhana Fees | 1500 | Annual fees for sports and cultural activities |
| Examination Fees | 2000 | Per semester examination fees |
| Other Charges | 5000 | Includes library fees, transportation, etc. |
| Total | 205500 | Per semester |
The total fee for the entire program duration of 4 years is 822000 INR, which includes 8 semesters of fees. The fee structure is reviewed annually to ensure that it remains aligned with the costs of providing quality education and services.
Fee Components Explanation
Each component of the fee structure serves a specific purpose and contributes to the overall educational experience of the students.
Tuition Fee: The tuition fee covers the cost of instruction, academic resources, and faculty salaries. It is the primary component of the fee structure and reflects the quality of education provided by the university. The tuition fee is based on the university's fee structure for UG programs and is reviewed annually to ensure that it remains competitive and aligned with the quality of education provided.
Hostel Rent: The hostel rent covers the cost of accommodation and maintenance of the hostel facilities. The university provides comfortable and secure accommodation for students, with various room types available to meet different needs and preferences. The hostel rent is based on the room type and amenities provided.
Mess Advance: The mess advance covers the cost of meals provided by the university. Students are required to pay an advance for meals, which is adjusted at the end of the semester based on the actual consumption. The mess advance ensures that students have access to nutritious and hygienic meals throughout their stay.
Student Benevolent Fund: The student benevolent fund is an annual contribution that supports student welfare and helps students in need. The fund is used to provide financial assistance to students facing financial difficulties, support student activities, and contribute to the overall well-being of the student community.
Medical Fees: The medical fees cover the cost of medical facilities and services provided by the university. Students have access to medical services and health check-ups at the university's medical center, which ensures their health and well-being.
Gymkhana Fees: The gymkhana fees support sports and cultural activities organized by the university. These fees help in organizing sports events, cultural programs, and other extracurricular activities that contribute to the holistic development of students.
Examination Fees: The examination fees cover the cost of conducting examinations, evaluating answer sheets, and providing result processing services. These fees ensure that students have access to a fair and transparent examination process.
Other Charges: The other charges include library fees, transportation, and other miscellaneous expenses. These charges are necessary to provide students with access to academic resources, transportation, and other essential services.
Hostel & Mess Charges
The university provides comfortable and secure accommodation for students through its hostel facilities. The hostel charges are designed to be affordable and provide students with a conducive environment for their academic and personal development.
The hostel offers various room types, including single, double, and triple occupancy rooms. The room types are equipped with basic amenities such as beds, study tables, chairs, and wardrobes. The university ensures that the hostel facilities are clean, safe, and well-maintained.
The mess billing system is designed to be transparent and fair. Students are required to pay an advance for meals, which is adjusted at the end of the semester based on the actual consumption. The mess provides nutritious and hygienic meals, and the billing system ensures that students are charged only for the meals they consume.
The hostel charges include room rent, mess advance, and other facilities such as electricity, water, and internet. The university provides internet connectivity in the hostel rooms to support students' academic and personal needs.
Rebate policies are in place for students who are absent from the hostel for a specified period. The rebate policies ensure that students are not charged for the days they are absent, and the charges are adjusted accordingly.
Fee Waivers, Concessions, and Scholarships
The university provides various fee waivers, concessions, and scholarships to students who meet specific eligibility criteria. These financial assistance programs are designed to support students from economically disadvantaged backgrounds and ensure that they have access to quality education.
The eligibility criteria for fee waivers and concessions are based on income slabs and other factors such as category, disability, and other relevant criteria. Students who meet the eligibility criteria can apply for fee waivers and concessions through the university's official website.
The fee waiver and concession schemes are as follows:
- SC/ST/PwD Students: 100% fee waiver
- EWS Students: 50% fee waiver
- MCM (Minority Community Students): 25% fee waiver
The application process for fee waivers and concessions involves the submission of relevant documents and proof of eligibility. Students are required to fill out an application form and submit it along with the necessary documents.
The university also provides scholarships to meritorious students who have excelled in their academic performance. The scholarships are awarded based on merit and other criteria such as extracurricular activities, leadership qualities, and community service.
Payment Procedures & Refund Policy
The payment procedures for the Management 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 NEFT/RTGS.
The payment deadlines are clearly communicated to students, and late payments are subject to a late fee. The late fee is calculated based on the number of days the payment is delayed and is subject to the university's fee structure.
The refund policy is designed to be fair and transparent. Students who withdraw from the program or are unable to continue their studies are eligible for refunds based on the university's refund policy. The refund policy includes provisions for partial refunds in case of withdrawal and ensures that students are not financially burdened by the withdrawal process.
The refund process involves the submission of a withdrawal application and the necessary documents. The refund is processed within a specified time frame, and students are informed about the status of their refund application.