Fee Structure
The fee structure for the Bachelor of Commerce program at Sri Nagarjuna Arts And Science College Prakasam is designed to be transparent and affordable, ensuring that quality education is accessible to all students. The total cost of the program is divided into semester-wise payments, with various components included in the fee structure. The following table presents the detailed fee structure for the entire program duration:
| Semester | Tuition Fee | Hostel Rent | Mess Advance | Student Benevolent Fund | Medical Fees | Gymkhana Fees | Examination Fees | Total Fee |
|---|---|---|---|---|---|---|---|---|
| 1 | 40000 | 20000 | 15000 | 1000 | 500 | 500 | 1000 | 80000 |
| 2 | 40000 | 20000 | 15000 | 1000 | 500 | 500 | 1000 | 80000 |
| 3 | 40000 | 20000 | 15000 | 1000 | 500 | 500 | 1000 | 80000 |
| 4 | 40000 | 20000 | 15000 | 1000 | 500 | 500 | 1000 | 80000 |
| 5 | 40000 | 20000 | 15000 | 1000 | 500 | 500 | 1000 | 80000 |
| 6 | 40000 | 20000 | 15000 | 1000 | 500 | 500 | 1000 | 80000 |
The total fee for the entire program is 480000, with each semester costing 80000. The fee structure is reviewed annually and adjusted based on the college's operational costs and inflation.
Fee Components
Each component of the fee structure is explained below to provide clarity on the charges:
Tuition Fee
The tuition fee covers the cost of instruction, including faculty salaries, academic resources, and infrastructure maintenance. The tuition fee is fixed and remains consistent throughout the program. It is collected at the beginning of each semester and is non-refundable.
Hostel Rent
The hostel rent covers the cost of accommodation for students who opt for college-hostel facilities. The rent is charged monthly and is subject to the room type and amenities. The college offers various room types, including single, double, and triple occupancy rooms.
Mess Advance
The mess advance covers the cost of meals for students living in the hostel. The advance is collected at the beginning of each semester and is adjusted based on the number of days the student stays in the hostel. The mess charges are subject to change based on the cost of living and inflation.
Student Benevolent Fund
The student benevolent fund is a small contribution that supports students in need. The fund is used to provide financial assistance to students facing financial difficulties or emergencies. The contribution is minimal and is collected annually.
Medical Fees
The medical fees cover the cost of medical services provided by the college's health center. The fees are collected annually and are used to maintain the health center and provide medical services to students.
Gymkhana Fees
The gymkhana fees cover the cost of maintaining the college's gym and recreational facilities. The fees are collected annually and are used to provide students with access to fitness and recreational activities.
Examination Fees
The examination fees cover the cost of conducting examinations, including the cost of question papers, answer sheets, and evaluation. The fees are collected at the time of examination registration and are non-refundable.
Hostel & Mess Charges
The college provides hostel facilities for students who wish to live on campus. The hostel charges are designed to be affordable and include various amenities to ensure a comfortable living experience. The following are the details of hostel and mess charges:
Hostel Room Types
- Single Occupancy Room: Rs. 20000 per semester
- Double Occupancy Room: Rs. 15000 per semester
- Triple Occupancy Room: Rs. 10000 per semester
The room charges include basic amenities such as beds, study tables, wardrobes, and access to common areas. Students can choose the room type based on their preference and budget.
Mess Billing System
The mess charges are collected as an advance at the beginning of each semester. The charges are adjusted based on the number of days the student stays in the hostel. The mess billing system is designed to be transparent and fair, with charges being clearly communicated to students.
Rebate Policies
The college offers various rebate policies to students who meet specific criteria. The rebate policies include:
- Academic Excellence: Students with a CGPA of 9.0 or above are eligible for a 10% rebate on hostel and mess charges.
- Financial Need: Students from economically disadvantaged backgrounds are eligible for a 20% rebate on hostel and mess charges.
- Disabled Students: Students with disabilities are eligible for a 30% rebate on hostel and mess charges.
The rebate policies are reviewed annually, and students are required to submit the necessary documents to claim the rebates.
Fee Waivers, Concessions, and Scholarships
The college is committed to providing financial assistance to students who need it. The following are the fee waivers, concessions, and scholarships available:
Eligibility Criteria
The eligibility criteria for fee waivers, concessions, and scholarships are as follows:
- SC/ST/PwD: Students belonging to SC/ST or PwD categories are eligible for a 50% concession on tuition fees.
- EWS: Students from economically weaker sections are eligible for a 25% concession on tuition fees.
- MCM: Students from minority communities are eligible for a 20% concession on tuition fees.
The concessions are subject to the submission of valid certificates and documentation.
Application Process
The application process for fee waivers, concessions, and scholarships involves the following steps:
- Application Form: Students must fill out the application form available on the college portal or the finance department.
- Documentation: Students must submit the required documents, including income certificates, caste certificates, and disability certificates.
- Verification: The college verifies the documents and evaluates the application.
- Approval: Approved applications are processed, and the concessions are applied to the student's fee structure.
The application process is designed to be simple and accessible, ensuring that eligible students can easily access financial assistance.
Payment Procedures & Refund Policy
The payment procedures for the Bachelor of Commerce program at Sri Nagarjuna Arts And Science College Prakasam are designed to be convenient and secure. The following are the details of the payment procedures and refund policy:
Payment Procedures
Students can make payments through various modes, including online banking, credit/debit cards, and NEFT/RTGS. The college provides an online payment portal where students can make payments using their registered email ID and mobile number. The payment portal is secure and encrypted to ensure the safety of financial information.
The payment deadlines are clearly communicated to students, and late payments are subject to a late fee. The late fee is calculated as 5% of the total fee amount for each month of delay.
Refund Policy
The refund policy for the Bachelor of Commerce program is as follows:
- Withdrawal Before Admission: If a student withdraws before admission, the full amount is refunded.
- Withdrawal After Admission: If a student withdraws after admission, the refund is processed based on the number of months completed. The refund is calculated as 80% of the fees paid for the first month, 70% for the second month, and so on, with a minimum refund of 20%.
- Non-Attendance: Students who are absent for more than 75% of the classes are not eligible for a refund.
- Financial Aid: Students who have received financial aid are required to repay the amount if they withdraw from the program.
The refund process is initiated within 30 days of the withdrawal request, and the refund is processed through the original payment mode.