Fee Structure
The fee structure for the MBA program at Prestige University Indore is designed to be transparent and affordable while reflecting the high-quality education and resources provided. The total cost of the program is INR 450000, which includes all components necessary for a comprehensive educational experience.
| Component | Amount (INR) | Description |
|---|---|---|
| Tuition Fee | 300000 | Core academic fees for 2 years |
| Hostel Rent | 80000 | Accommodation charges for 2 years |
| Mess Advance | 40000 | Advance payment for food services |
| Student Benevolent Fund | 15000 | University welfare fund |
| Medical Fees | 5000 | Healthcare facility charges |
| Gymkhana Fees | 2000 | Campus sports and recreation |
| Examination Fees | 3000 | Academic assessment costs |
| Other Charges | 5000 | Various administrative expenses |
Component-wise Breakdown
Tuition Fee: The tuition fee covers all core academic components of the program including lectures, seminars, workshops, and access to university libraries and digital resources. It also includes faculty mentorship, guest lectures, and industry interaction sessions.
Hostel Rent: The hostel accommodation is provided in well-furnished rooms with modern amenities including Wi-Fi, study areas, and common spaces. The rent covers maintenance, utilities, and security services.
Mess Advance: This advance payment covers the cost of meals for the entire academic year. The mess facility provides nutritious and hygienic food options catering to diverse dietary requirements.
Student Benevolent Fund: This fund supports students from economically disadvantaged backgrounds through scholarships, emergency assistance, and welfare programs.
Medical Fees: The medical charges cover access to on-campus healthcare facilities including consultations, diagnostic tests, and basic medications.
Gymkhana Fees: These fees support campus recreational activities, sports events, and fitness programs that promote physical wellness among students.
Examination Fees: The examination fees cover the costs associated with conducting academic assessments, including question paper preparation, evaluation, and result declaration.
Other Charges: These include various administrative expenses such as library maintenance, campus infrastructure development, and student services.
Hostel & Mess Charges
The university provides comfortable accommodation options for students in well-maintained hostels equipped with modern amenities. The hostel charges are categorized into different room types based on facilities provided:
- Suite Rooms: Private rooms with attached bathrooms, Wi-Fi, and study areas (INR 80000 per year)
- Shared Rooms: Shared accommodation with common bathrooms and study spaces (INR 60000 per year)
- Double Occupancy: Rooms for two students with shared facilities (INR 40000 per year)
The mess facility offers a variety of meal options including vegetarian, non-vegetarian, and special dietary arrangements. The billing system is straightforward, with monthly charges based on actual consumption.
Fee Waivers, Concessions, and Scholarships
Prestige University Indore offers several financial assistance programs to support deserving students:
- SC/ST/PwD Category: Students from these categories receive 100% fee waiver based on valid certificates
- EWS Category: Students from EWS category receive 50% fee concession
- MCM (Most Backward Classes): Eligible students receive 25% fee concession
The eligibility criteria for scholarships are based on income slabs and academic performance. Students with an annual family income below INR 300000 qualify for full scholarships, while those with income between INR 300000 and INR 500000 receive partial assistance.
The application process involves submitting relevant documents including income certificates, academic transcripts, and category certificates. Applications are reviewed by the financial aid committee, and successful candidates are notified within two weeks of submission.
Payment Procedures & Refund Policy
The fee payment process is handled through an online portal that allows students to make payments using various modes including credit/debit cards, net banking, and UPI. The system generates receipts automatically for all transactions.
Students must complete their fee payment before the specified deadline to avoid late fees. The late fee charges are INR 500 per day for overdue payments, with a maximum cap of INR 10000.
In case of withdrawal from the program, students are eligible for refunds according to the university's refund policy. Refunds are processed within 30 days of submission of the withdrawal application, subject to deductions for administrative charges and any pending dues.