Fee Structure and Financial Planning
Premier Institute of Engineering and Technology Jabalpur offers quality education at a competitive cost. The institute ensures that its fee structure is transparent, reasonable, and aligned with the value provided to students. This section provides a comprehensive breakdown of all expenses associated with studying at PIET.
Annual Fee Structure
The total annual fee for undergraduate programs at PIET Jabalpur includes tuition fees, hostel charges, mess charges, medical fees, and other miscellaneous expenses. Below is a detailed table outlining the breakdown:
| Head | First Year (INR) | Second Year (INR) | Third Year (INR) | Fourth Year (INR) |
|---|---|---|---|---|
| Tuition Fee | 120000 | 120000 | 120000 | 120000 |
| Hostel Fee | 45000 | 45000 | 45000 | 45000 |
| Mess Fee | 30000 | 30000 | 30000 | 30000 |
| Medical Fee | 2000 | 2000 | 2000 | 2000 |
| Other Charges | 15000 | 15000 | 15000 | 15000 |
| Total | 212000 | 212000 | 212000 | 212000 |
Hostel and Mess Charges
The institute provides modern hostel facilities for students, ensuring comfort and safety. The hostel charges are inclusive of all amenities such as electricity, water supply, internet access, and maintenance services.
Hostel Facilities
- Single occupancy rooms
- Double occupancy rooms
- Common areas with Wi-Fi connectivity
- Security systems
- 24/7 maintenance support
- Clean and hygienic environment
The hostel charges vary depending on the room type:
| Room Type | Monthly Charge (INR) |
|---|---|
| Single Occupancy | 3750 |
| Double Occupancy | 2000 |
Mess Charges
The mess facility provides nutritious and hygienic meals to students. The daily meal charges are inclusive of breakfast, lunch, and dinner:
| Meal Type | Daily Charge (INR) |
|---|---|
| Full Meal | 70 |
| Breakfast | 25 |
| Lunch | 30 |
| Dinner | 15 |
Return on Investment (ROI) Analysis
The ROI for studying at PIET Jabalpur is calculated based on the total cost of education and the average placement package received by students. The institute's strong industry connections ensure that graduates secure jobs with competitive salaries.
Total Cost of Education
For a 4-year program, the total cost includes:
- Tuition Fee: 480000
- Hostel Fee: 180000
- Mess Fee: 120000
- Medical Fee: 8000
- Other Charges: 60000
Total Cost: 848000 INR
Average Placement Package
Students from PIET Jabalpur typically receive an average package of 450,000 INR. The highest package offered is 1,500,000 INR.
ROI Calculation
The ROI is calculated as:
ROI = (Average Package - Total Cost) / Total Cost * 100
ROI = (450000 - 848000) / 848000 * 100 = -46.9%
This negative ROI indicates that students are investing more than they receive in the first year, but it's important to note that the average package increases over time as students gain experience and climb the career ladder.
Payment Options
The institute offers flexible payment options for fee settlement:
- Installment payments
- Online payment gateway
- Cash and cheque facilities
- Financial assistance programs
Students can also apply for scholarships to reduce the financial burden.