Fee Structure at MIT Art Design And Technology University Pune
The MBA program at MIT Art Design And Technology University Pune offers a comprehensive fee structure that covers all aspects of the educational experience. The fee structure is designed to be transparent and affordable, ensuring that students can focus on their studies without financial stress.
Overall Fee Structure
The total fee for the MBA program at MIT Art Design And Technology University Pune is ₹25,00,000 for the entire two-year duration. This fee covers tuition, hostel, mess, and other academic services. The fee is divided into two semesters, with each semester costing ₹12,50,000. The university offers flexible payment options to accommodate different financial situations of students.
Fee Structure Breakdown
| Fee Component | Amount (INR) | Description |
|---|---|---|
| Tuition Fee | 10,00,000 | Includes all course fees, laboratory charges, and academic services |
| Hostel Rent | 1,50,000 | Per semester for hostel accommodation |
| Mess Advance | 1,00,000 | Per semester for mess charges |
| Student Benevolent Fund | 20,000 | Per semester for student welfare and support |
| Medical Fees | 15,000 | Per semester for medical services |
| Gymkhana Fees | 10,000 | Per semester for gym and recreational activities |
| Examination Fees | 20,000 | Per semester for examination and evaluation |
| Other Charges | 35,000 | Per semester for miscellaneous and administrative charges |
Payment Procedures
The payment procedures for the MBA program at MIT Art Design And Technology University Pune are designed to be simple and convenient. Students can make payments through various modes, including online banking, net banking, debit/credit cards, and demand drafts. The university provides detailed instructions and support to help students navigate the payment process.
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 typically announced at the beginning of each semester. Students who fail to make payments by the deadline may face penalties and may be required to pay late fees.
Late Fee Calculations
Students who fail to make payments by the specified deadlines are subject to late fees. The late fee is calculated at a rate of ₹1000 per day for each day of delay. The university provides a grace period of 7 days after the deadline, during which no late fees are charged. Students are encouraged to make payments before the deadline to avoid any inconvenience.
Refund Policy
The university has a clear refund policy for students who withdraw from the program. The refund policy is designed to be fair and transparent, ensuring that students receive appropriate refunds based on their withdrawal date and the services rendered. Students who withdraw from the program are eligible for refunds of tuition fees, hostel charges, and other applicable fees.
Refund Process
The refund process for the MBA program at MIT Art Design And Technology University Pune is straightforward and efficient. Students who wish to withdraw from the program must submit a formal application to the university authorities. The application should include the reason for withdrawal and supporting documents. The university reviews the application and processes the refund within 30 days of receiving the application.
Hostel & Mess Charges
The hostel and mess charges at MIT Art Design And Technology University Pune are designed to provide students with comfortable living and dining facilities. The university offers various room types to accommodate different preferences and budgets.
Hostel Accommodation
The university provides hostel accommodation for students, with different room types available. The hostel rooms are equipped with basic amenities, including beds, study tables, wardrobes, and fans. The university maintains high standards of cleanliness and safety in all hostel facilities.
Mess Billing System
The mess billing system at MIT Art Design And Technology University Pune is designed to be convenient and transparent. Students are required to pay an advance for mess charges, which is adjusted based on the actual consumption. The university provides detailed billing statements and maintains a record of all mess transactions.
Rebate Policies
The university offers various rebate policies for students who are unable to use the hostel or mess facilities. Students who are absent for a specified period may be eligible for rebates on hostel and mess charges. The rebate policies are designed to be fair and reasonable, ensuring that students are not charged for services they do not utilize.
Fee Waivers, Concessions, and Scholarships
The MBA program at MIT Art Design And Technology University Pune offers various fee waivers, concessions, and scholarships to support students from different financial backgrounds. The university is committed to ensuring that quality education is accessible to all deserving students.
Eligibility Criteria for Scholarships
The eligibility criteria for scholarships at MIT Art Design And Technology University Pune are based on academic performance, financial need, and other relevant factors. Students who demonstrate exceptional academic performance and financial need may be eligible for scholarships. The university also offers scholarships for students from reserved categories, including SC/ST/PwD, EWS, and MCM.
Scholarship Benefits
The scholarships offered by the university provide significant financial support to students. The scholarships may cover partial or full tuition fees, hostel charges, and other applicable fees. The university also provides additional support in the form of mentorship and career guidance to scholarship recipients.
Application Process for Scholarships
The application process for scholarships at MIT Art Design And Technology University Pune is designed to be simple and transparent. Students are required to submit an application form along with supporting documents, including academic transcripts, income certificates, and other relevant documents. The university reviews the applications and selects the most deserving candidates based on the eligibility criteria.
Financial Aid and Support
The university provides comprehensive financial aid and support to students who require assistance with their educational expenses. The financial aid programs include scholarships, fee waivers, and loan facilities. The university works closely with banks and financial institutions to provide students with access to affordable loan options.
Loan Facilities
The university facilitates access to loan facilities for students who require financial assistance. The loan facilities are offered in collaboration with leading banks and financial institutions. Students can apply for loans through the university's financial aid office, which provides guidance and support throughout the loan application process.
Financial Counseling
The university provides financial counseling services to help students manage their finances effectively. The financial counseling services include budgeting advice, debt management, and financial planning. The university's financial counseling team works closely with students to ensure that they have the necessary financial support to complete their studies.
Student Welfare Programs
The university has various student welfare programs designed to support students' overall well-being. These programs include health services, counseling services, and recreational activities. The university ensures that students have access to all necessary facilities and support to maintain their physical and mental health during their studies.