Fees
The Finance program at SAM College of Management and Technology is designed to provide world-class education while maintaining affordability. The total cost for the four-year program is structured across eight semesters, with each semester covering tuition, hostel, mess, and other essential charges.
| Fee Head | Semester I | Semester II | Semester III | Semester IV | Semester V | Semester VI | Semester VII | Semester VIII |
|---|---|---|---|---|---|---|---|---|
| Tuition Fee | ₹25,000 | ₹25,000 | ₹25,000 | ₹25,000 | ₹25,000 | ₹25,000 | ₹25,000 | ₹25,000 |
| Hostel Rent | ₹45,000 | ₹45,000 | ₹45,000 | ₹45,000 | ₹45,000 | ₹45,000 | ₹45,000 | ₹45,000 |
| Mess Advance | ₹18,000 | ₹18,000 | ₹18,000 | ₹18,000 | ₹18,000 | ₹18,000 | ₹18,000 | ₹18,000 |
| Student Benevolent Fund | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 | ₹2,000 |
| Medical Fees | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 | ₹1,000 |
| Gymkhana Fees | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 | ₹1,500 |
| Examination Fees | ₹2,500 | ₹2,500 | ₹2,500 | ₹2,500 | ₹2,500 | ₹2,500 | ₹2,500 | ₹2,500 |
| Total | ₹95,000 | ₹95,000 | ₹95,000 | ₹95,000 | ₹95,000 | ₹95,000 | ₹95,000 | ₹95,000 |
The total cost per semester is ₹95,000, which includes all essential components necessary for a holistic educational experience. The tuition fee covers access to academic resources including textbooks, digital libraries, and online platforms. Students also benefit from regular updates on new developments in the field of finance through guest lectures and workshops.
Hostel rent is collected at ₹45,000 per semester and includes accommodation in air-conditioned rooms with shared bathrooms and common areas. The college provides high-quality furnishings and maintains cleanliness standards to ensure a comfortable living environment for all students.
The mess advance of ₹18,000 per semester is collected upfront and adjusted based on consumption during the period. The college operates a comprehensive mess system with diverse food options to cater to various dietary preferences and requirements. The billing system is transparent, with regular updates on consumption and charges.
Other components such as the Student Benevolent Fund, Medical Fees, Gymkhana Fees, and Examination Fees are included in the total cost structure. These fees support extracurricular activities, health services, sports facilities, and examination-related expenses respectively.
The detailed breakdown of each fee component is as follows:
- Tuition Fee (₹25,000): Covers access to lectures, seminars, workshops, digital resources, and faculty interaction time. The fee includes subscriptions to financial databases and journals.
- Hostel Rent (₹45,000): Includes accommodation in well-furnished rooms with basic amenities, common area maintenance, security services, and utilities.
- Mess Advance (₹18,000): Covers meal expenses for the entire semester, adjusted monthly based on consumption. The mess operates with strict hygiene standards and provides balanced nutrition.
- Student Benevolent Fund (₹2,000): Supports student welfare activities, scholarships, and emergency assistance programs.
- Medical Fees (₹1,000): Provides access to medical services on campus, including consultations, diagnostic tests, and basic treatments.
- Gymkhana Fees (₹1,500): Covers gym membership, sports equipment usage, and recreational activities for students.
- Examination Fees (₹2,500): Includes fees for internal assessments, external examinations, and certification processes.
Fee waivers and concessions are available for students from SC/ST/PwD, EWS, and MCM categories. The eligibility criteria include income slabs and other qualifying conditions as per government guidelines. Students must submit relevant documentation to apply for financial aid.
The application process for fee waivers involves submission of caste certificates, income certificates, and disability certificates (if applicable). The college evaluates each application based on specified parameters and disburses assistance accordingly.
For students requiring additional support, the college offers a range of scholarships including merit-based scholarships, need-based financial aid, and special recognition awards. These are designed to encourage academic excellence and provide support for students facing economic challenges.
The payment procedures involve online transactions through the college portal. The portal is secure and user-friendly, allowing students to make payments with ease. Payment deadlines are clearly communicated in advance, and reminders are sent via email and SMS.
For late payments, a penalty of 5% per month is applied on outstanding balances. However, exceptions may be made for genuine cases of financial hardship upon submission of supporting documents.
The refund policy is governed by university regulations and applies to students who withdraw from the program. Refunds are processed according to specific guidelines, subject to approval by administrative authorities. The process includes verification of reasons for withdrawal and settlement of all dues before issuing refunds.
Additionally, the college provides financial literacy programs and workshops to help students understand budgeting, saving, and investment strategies. These initiatives aim to prepare students not only academically but also financially for their future endeavors.
The fee structure is reviewed annually to ensure that it remains competitive while maintaining quality standards. The college also engages in regular consultations with stakeholders including alumni, industry experts, and educational policymakers to keep the program aligned with global best practices.
Overall, the fee structure at SAM College of Management and Technology reflects a commitment to providing value-driven education without compromising on quality or accessibility. The transparent nature of charges, coupled with robust support mechanisms, ensures that students can focus entirely on their academic pursuits and career development.