Fee Structure
The fee structure for the MBA program at Renaissance University Indore is designed to be transparent and comprehensive, covering all aspects of the student's academic and residential experience. The total cost of the program is divided into semester-wise payments, ensuring that students can manage their finances effectively.
| Component | Semester 1 | Semester 2 | Semester 3 | Semester 4 |
|---|---|---|---|---|
| Tuition Fee | 75000 | 75000 | 75000 | 75000 |
| Hostel Rent | 30000 | 30000 | 30000 | 30000 |
| Mess Advance | 15000 | 15000 | 15000 | 15000 |
| Student Benevolent Fund | 1000 | 1000 | 1000 | 1000 |
| Medical Fees | 2000 | 2000 | 2000 | 2000 |
| Gymkhana Fees | 1000 | 1000 | 1000 | 1000 |
| Examination Fees | 2000 | 2000 | 2000 | 2000 |
| Total | 125000 | 125000 | 125000 | 125000 |
The total fee for the two-year MBA program is 250000 INR, which includes all components for four semesters. The tuition fee is the largest component, reflecting the quality and comprehensiveness of the program. Hostel rent, mess advance, and other fees are designed to provide students with a comfortable and conducive environment for learning and personal development.
Fee Components
Each component of the fee structure is carefully designed to support the academic and residential needs of students. The tuition fee covers the cost of instruction, access to library resources, and academic facilities. Hostel rent provides students with a safe and comfortable living environment, while the mess advance ensures that students have access to nutritious meals throughout their stay.
The Student Benevolent Fund is a small contribution that supports students in times of need, such as medical emergencies or financial difficulties. Medical fees cover basic healthcare services provided by the university's medical center, ensuring that students have access to timely medical attention.
Gymkhana fees support the development of sports and recreational activities, promoting a healthy and balanced lifestyle for students. Examination fees cover the cost of conducting examinations and maintaining academic standards.
Hostel & Mess Charges
The hostel facilities at Renaissance University Indore are designed to provide students with a comfortable and secure living environment. The university offers various room types, including single, double, and triple occupancy rooms, with modern amenities such as Wi-Fi, air conditioning, and study areas.
Hostel charges vary based on room type and amenities, with single occupancy rooms being the most expensive. The university also offers special arrangements for students with disabilities, ensuring that all students have access to suitable accommodation.
The mess system is designed to provide students with nutritious and hygienic meals. The mess charges are calculated based on the number of meals consumed, with students required to pay an advance for the entire semester. The mess offers a variety of vegetarian and non-vegetarian options, catering to diverse dietary preferences.
Rebate policies are in place for students who are absent due to valid reasons such as illness or family emergencies. Students can apply for rebates by submitting the necessary documentation, and the university ensures that rebates are processed promptly.
Fee Waivers, Concessions, and Scholarships
The university offers various financial assistance programs to support students from economically disadvantaged backgrounds. These include fee waivers, concessions, and scholarships that are based on specific eligibility criteria and income slabs.
For SC/ST/PwD students, the university provides a 100% fee waiver, ensuring that financial constraints do not prevent them from pursuing higher education. EWS students are eligible for a 50% fee concession, while MCM students receive a 25% concession.
Scholarships are also available for meritorious students who demonstrate exceptional academic performance. These scholarships are awarded based on performance in entrance exams and academic records, with the amount varying based on the student's merit.
The application process for fee waivers, concessions, and scholarships involves the submission of relevant documents such as income certificates, caste certificates, and academic transcripts. The university ensures that the application process is transparent and that all eligible students are considered for financial assistance.
Payment Procedures & Refund Policy
The payment of fees is strictly regulated by the university, with clear deadlines and procedures for payment. Students are required to make payments by the specified deadlines to avoid late fees and penalties.
Payments can be made through various modes, including online banking, credit/debit cards, and demand drafts. The university provides detailed instructions for each payment mode, ensuring that students can make payments easily and securely.
For students who are unable to make payments on time, the university offers a grace period of 15 days. Late fees are charged at a rate of 10% of the total fee amount for each month of delay, with a maximum limit of 50% of the total fee.
The refund policy is designed to ensure that students are not financially disadvantaged due to unforeseen circumstances. Students who withdraw from the program are eligible for a refund of fees, subject to certain conditions. The refund process involves the submission of a withdrawal application and the necessary documentation, with refunds processed within 30 days of the application.