Fee Structure and Financial Aid
The fee structure for the Business Administration program at Saroj International University Lucknow is designed to be transparent, reasonable, and aligned with the quality of education provided. The university offers various financial aid options to ensure that deserving students can access quality education without financial constraints.
Fee Structure Overview
The total fee for the Business Administration program is Rs. 350,000 for the entire duration of three years. The fee structure is divided into semesters, with each semester costing Rs. 116,667. The following table provides a detailed breakdown of the fee structure:
| Fee Head | Per Semester (Rs.) | Per Year (Rs.) | Total (Rs.) |
|---|---|---|---|
| Tuition Fee | 80,000 | 160,000 | 320,000 |
| Hostel Rent | 15,000 | 30,000 | 60,000 |
| Mess Advance | 10,000 | 20,000 | 40,000 |
| Student Benevolent Fund | 2,000 | 4,000 | 8,000 |
| Medical Fees | 1,000 | 2,000 | 4,000 |
| Gymkhana Fees | 1,000 | 2,000 | 4,000 |
| Examination Fees | 1,667 | 3,333 | 6,666 |
| Total | 116,667 | 223,333 | 350,000 |
Fee Components Explanation
Each component of the fee structure serves a specific purpose and contributes to the overall educational experience at Saroj International University Lucknow:
Tuition Fee
The tuition fee covers the cost of instruction, including faculty salaries, classroom facilities, and academic resources. It is the largest component of the fee structure and reflects the university's commitment to providing quality education with experienced faculty members.
Hostel Rent
Hostel rent covers the cost of accommodation for students who wish to live on campus. The university provides comfortable and secure hostel facilities with modern amenities to ensure a conducive environment for learning and personal development.
Mess Advance
The mess advance covers the cost of meals and dining facilities. Students are required to pay a mess advance at the beginning of each semester, which is adjusted at the end of the semester based on actual consumption.
Student Benevolent Fund
The student benevolent fund is a contribution towards the welfare of students and their families. It is used to provide financial assistance to students facing unforeseen circumstances and to support various student welfare initiatives.
Medical Fees
Medical fees cover the cost of healthcare services provided by the university's medical center. Students have access to medical facilities and services to ensure their health and well-being.
Gymkhana Fees
The gymkhana fees cover the cost of recreational and sports facilities. Students can access gymnasiums, sports grounds, and other recreational facilities to maintain a healthy lifestyle and engage in extracurricular activities.
Examination Fees
The examination fees cover the cost of conducting examinations, including question paper preparation, invigilation, and result processing. These fees ensure that students have access to a fair and well-organized examination system.
Hostel & Mess Charges
The university provides various hostel options to accommodate students' needs. The hostel charges vary based on the type of room and amenities provided:
| Room Type | Monthly Rent (Rs.) | Facilities |
|---|---|---|
| Single Occupancy | 15,000 | AC room, study table, bed, wardrobe |
| Double Occupancy | 10,000 | AC room, study table, bed, wardrobe |
| Triple Occupancy | 7,000 | Non-AC room, study table, bed, wardrobe |
| Four Occupancy | 5,000 | Non-AC room, study table, bed, wardrobe |
The mess billing system is designed to be transparent and fair. Students pay a monthly mess advance, which is adjusted at the end of the month based on actual consumption. The university ensures that the mess facilities provide nutritious and hygienic food to students.
Fee Waivers, Concessions, and Scholarships
The university offers various fee waivers, concessions, and scholarships to support students from economically disadvantaged backgrounds:
Eligibility Criteria
The eligibility criteria for fee waivers and scholarships are as follows:
- SC/ST/PwD: Students belonging to SC/ST or PwD categories are eligible for a 100% fee waiver.
- EWS: Students belonging to EWS category are eligible for a 50% fee waiver.
- MCM: Students who are children of military personnel are eligible for a 100% fee waiver.
Income Slabs
The income slabs for fee concessions are as follows:
- For general category students: Income up to Rs. 2,00,000 per annum
- For EWS category students: Income up to Rs. 1,00,000 per annum
- For SC/ST/PwD category students: Income up to Rs. 1,00,000 per annum
Benefits
The benefits of fee waivers and scholarships include:
- Full or partial fee waiver based on eligibility
- Concessions on hostel and mess charges
- Financial assistance for study materials and other educational expenses
Application Process
Students interested in applying for fee waivers and scholarships must submit the following documents:
- Income certificate from the local authority
- Category certificate (if applicable)
- Passport-size photographs
- Admission letter from the university
- Bank account details
The application process is conducted online through the university's official website. Students are required to fill out the application form and upload the required documents. The university's financial aid office reviews the applications and notifies students of the results.
Payment Procedures & Refund Policy
The university has a clear payment procedure and refund policy to ensure transparency and fairness:
Payment Deadlines
Students are required to pay the fees within the specified deadlines. The payment deadlines are as follows:
- First semester: Before the start of the semester
- Second semester: Before the start of the semester
- Third semester: Before the start of the semester
Late Fee Calculations
Students who fail to pay the fees on time are subject to late fees. The late fee is calculated as 2% per month on the outstanding amount. Students are advised to pay the fees on time to avoid any additional charges.
Refund Rules
The refund policy of the university is as follows:
- Refunds are processed within 30 days of the withdrawal of the student
- Refunds are subject to the deduction of administrative charges
- Refunds are processed only after the verification of the withdrawal application
The university ensures that the refund process is smooth and transparent, providing students with timely and accurate refunds.