Fee Structure
The fee structure for the MBA program at Rai University Ahmedabad is designed to be transparent and affordable. The total cost of the program includes tuition fees, hostel rent, mess charges, and other miscellaneous expenses.
The following table outlines the fee structure for the entire program duration, broken down per semester:
| Fee Component | Semester 1 | Semester 2 | Semester 3 | Semester 4 |
|---|---|---|---|---|
| Tuition Fee | 600,000 | 600,000 | 600,000 | 600,000 |
| Hostel Rent | 150,000 | 150,000 | 150,000 | 150,000 |
| Mess Advance | 100,000 | 100,000 | 100,000 | 100,000 |
| Student Benevolent Fund | 5,000 | 5,000 | 5,000 | 5,000 |
| Medical Fees | 2,000 | 2,000 | 2,000 | 2,000 |
| Gymkhana Fees | 3,000 | 3,000 | 3,000 | 3,000 |
| Examination Fees | 10,000 | 10,000 | 10,000 | 10,000 |
| Total | 860,000 | 860,000 | 860,000 | 860,000 |
Fee Components
Each component of the fee structure is detailed below:
Tuition Fee
The tuition fee covers the cost of instruction, academic resources, and access to campus facilities. It includes access to libraries, laboratories, and online resources.
Hostel Rent
Hostel rent covers accommodation in university dormitories. The hostel facilities include single, double, and triple occupancy rooms with basic amenities.
Mess Advance
The mess advance covers the cost of meals for the semester. Students are required to pay a mess advance at the beginning of each semester.
Student Benevolent Fund
This fund supports students in need and provides financial assistance for emergencies and special needs.
Medical Fees
The medical fees cover basic healthcare services provided by the university's medical center.
Gymkhana Fees
This fee covers access to sports facilities and recreational activities.
Examination Fees
The examination fees cover the cost of conducting semester exams and assessments.
Hostel & Mess Charges
The university provides hostel facilities for students, with various room types available:
- Single Occupancy Room: INR 150,000 per semester
- Double Occupancy Room: INR 150,000 per semester
- Triple Occupancy Room: INR 150,000 per semester
The mess billing system is straightforward, with students required to pay a monthly mess advance. The advance is adjusted at the end of the semester based on the actual consumption.
Rebate policies are available for students who do not use the mess facility for a certain period. The rebate is calculated based on the number of days the student is absent from the mess.
Fee Waivers, Concessions, and Scholarships
The university offers various financial aid options to students based on their economic background and academic performance:
Eligibility Criteria
- SC/ST/PwD Students: Income up to INR 200,000 per annum
- EWS Students: Income up to INR 400,000 per annum
- MCM Students: Income up to INR 300,000 per annum
Benefits
- Fee waiver of up to 50% for SC/ST/PwD students
- Concession of 25% for EWS students
- Full scholarship for MCM students
Application Process
Students must submit an application form along with supporting documents to apply for fee waivers and scholarships. The application is reviewed by the financial aid committee, and the decision is communicated within 15 days.
Payment Procedures & Refund Policy
The payment of fees must be completed before the start of each semester. The payment can be made online or through a bank transfer. The university provides detailed instructions on the payment process on its website.
Payment Deadlines
Students must pay the fees by the specified deadline to avoid late fees. The deadline is usually 10 days after the start of the semester.
Late Fee Calculation
A late fee of INR 1,000 per day is applicable if the fees are not paid by the deadline.
Refund Rules
If a student withdraws from the program, the refund policy is as follows:
- Withdrawal before 30 days of the start of the semester: 100% refund
- Withdrawal between 30-60 days of the start of the semester: 75% refund
- Withdrawal after 60 days of the start of the semester: No refund
The refund is processed within 30 days of the withdrawal.