Fee Structure
The fee structure for the MBA program at Monark University Ahmedabad is designed to be transparent and affordable, ensuring quality education without placing undue financial burden on students and their families.
Annual Fee Breakdown
| Semester | Tuition Fee | Hostel Rent | Mess Advance | Student Benevolent Fund | Medical Fees | Gymkhana Fees | Examination Fees | Total |
|---|---|---|---|---|---|---|---|---|
| 1st Semester | ₹200,000 | ₹80,000 | ₹30,000 | ₹5,000 | ₹2,000 | ₹1,000 | ₹1,000 | ₹319,000 |
| 2nd Semester | ₹200,000 | ₹80,000 | ₹30,000 | ₹5,000 | ₹2,000 | ₹1,000 | ₹1,000 | ₹319,000 |
| 3rd Semester | ₹200,000 | ₹80,000 | ₹30,000 | ₹5,000 | ₹2,000 | ₹1,000 | ₹1,000 | ₹319,000 |
| 4th Semester | ₹200,000 | ₹80,000 | ₹30,000 | ₹5,000 | ₹2,000 | ₹1,000 | ₹1,000 | ₹319,000 |
Fee Components Explained
- Tuition Fee: Covers instruction, academic resources, and access to university facilities.
- Hostel Rent: Includes accommodation in university-hosted dormitories with shared amenities.
- Mess Advance: Prepaid meal charges for the semester, covering breakfast, lunch, and dinner.
- Student Benevolent Fund: A small contribution towards student welfare activities and scholarships.
- Medical Fees: Covers basic healthcare services available on campus.
- Gymkhana Fees: Supports extracurricular activities and sports facilities.
- Examination Fees: Covers administrative costs associated with exam scheduling and grading.
Hostel & Mess Charges
Monark University Ahmedabad offers three types of hostels to accommodate students:
- Semi-Detached Rooms: Shared accommodations for two students with private washrooms and common areas.
- Dormitory Style Rooms: Shared spaces for four students with communal facilities.
- Private Rooms: Individual accommodations for single occupancy with full amenities.
The mess billing system is integrated with a smart card system, allowing students to track their consumption and manage expenses efficiently. Rebates are provided for students who maintain regular attendance and good behavior.
Fee Waivers, Concessions, and Scholarships
To support deserving students, Monark University Ahmedabad offers various financial assistance programs:
- SC/ST/PwD Category: Full waiver of tuition fees with partial exemption from hostel charges.
- EWS Category: 50% reduction in tuition fees and full waiver of examination fees.
- MCM (Most Backward Class): 25% reduction in total fees and subsidized mess charges.
Eligibility criteria are based on income slabs and family composition. Applications for these schemes must be submitted during the admission process or within the first month of the academic year.
Payment Procedures & Refund Policy
Students can make payments online through the university's portal using credit/debit cards, net banking, or UPI transfers. Payments must be made by the specified deadlines to avoid late fees and penalties.
The refund policy applies to students who withdraw from the program within specific timelines:
- Before 10th day of admission: Full refund minus a nominal processing fee of ₹5,000.
- Between 10th and 30th day: Refund of 80% after deducting processing fees.
- After 30th day: No refunds are granted except in exceptional circumstances.
Refunds are processed within 45 days of submission of withdrawal forms and necessary documentation.