Fee Structure
The total fee for the Accounting program at The Institute Of Chartered Financial Analysts Of India University Aizawl is structured to provide comprehensive coverage of all educational and residential expenses. The fee structure spans three years, with each year's fees clearly defined to ensure transparency.
| Semester | Tuition Fee (INR) | Hostel Rent (INR) | Mess Advance (INR) | Student Benevolent Fund (INR) | Medical Fees (INR) | Gymkhana Fees (INR) | Examination Fees (INR) | Total Fee (INR) |
|---|---|---|---|---|---|---|---|---|
| Year 1 | 400000 | 80000 | 30000 | 5000 | 2000 | 1000 | 2000 | 520000 |
| Year 2 | 400000 | 80000 | 30000 | 5000 | 2000 | 1000 | 2000 | 520000 |
| Year 3 | 400000 | 80000 | 30000 | 5000 | 2000 | 1000 | 2000 | 520000 |
Fee Components Explanation
The tuition fee covers the cost of instruction, academic resources, and access to university facilities. It includes access to libraries, computer labs, research databases, and other educational amenities. The fee also supports faculty salaries and infrastructure development.
Hostel rent is charged to accommodate students who wish to live on campus. The university provides comfortable accommodation in well-maintained hostels with essential amenities such as Wi-Fi, laundry facilities, and 24/7 security. The rent structure is designed to be affordable while maintaining high standards of living.
The mess advance covers the cost of meals provided by the university cafeteria. Students are required to pay an advance for their mess expenses, which is typically settled at the end of each month based on consumption. The mess facility offers a variety of healthy and nutritious meals prepared by professional chefs.
The Student Benevolent Fund is a mandatory contribution that supports students facing financial difficulties or emergencies. This fund provides assistance to students in need and helps maintain a supportive campus environment.
Medical fees cover the cost of healthcare services provided by the university's medical center. Students have access to basic medical care, including consultations with doctors and access to medicines at subsidized rates.
Gymkhana fees support the maintenance and development of sports facilities and recreational activities on campus. These fees ensure that students have access to fitness centers, sports grounds, and other recreational amenities.
Examination fees cover the cost of conducting examinations, evaluating answer scripts, and issuing certificates. These fees are necessary for maintaining the quality and integrity of academic assessments.
Hostel & Mess Charges
The university provides various types of hostels to accommodate different student preferences and needs. The hostel facilities include single occupancy rooms, double occupancy rooms, and shared accommodation options.
Single occupancy rooms are available for students who prefer privacy and personal space. These rooms come with basic furniture and essential amenities such as Wi-Fi connectivity and 24/7 security.
Double occupancy rooms offer a cost-effective option for students sharing accommodations. These rooms are designed to provide comfort and convenience while maintaining affordability.
Shared accommodation options are available for students who prefer communal living experiences. These facilities promote social interaction and foster a sense of community among students.
The mess billing system is designed to be transparent and efficient. Students receive monthly bills based on their consumption, with the option to prepay for meals to avoid any inconvenience. The university ensures that the mess facility maintains high standards of hygiene and food quality.
Rebate policies are available for students who do not consume meals regularly or have special circumstances such as illness or travel. These policies ensure fairness in the billing process and provide flexibility for individual needs.
Fee Waivers, Concessions, and Scholarships
The university offers various fee waiver and concession schemes to support deserving students from economically weaker sections. These schemes are designed to ensure that financial constraints do not hinder educational aspirations.
Eligibility criteria for fee waivers are based on family income, caste, and other relevant factors. Students from SC/ST/PwD categories are eligible for substantial fee concessions. EWS category students also receive partial concessions based on their income levels.
MCM (Meritorious Class Merit) concessions are available for students who demonstrate exceptional academic performance throughout their studies. These students receive discounts on tuition fees and other charges.
The application process for fee waivers and concessions involves submission of relevant documents such as income certificates, caste certificates, and medical reports if applicable. The university has a dedicated team to review applications and ensure timely processing.
Payment Procedures & Refund Policy
The payment procedures for fees are designed to be convenient and secure. Students can make payments through various modes including online banking, net banking, credit/debit cards, and bank transfers. The university provides a dedicated portal for fee payment with clear instructions and guidelines.
Payment deadlines are clearly communicated to students, with provisions for late payments and associated fees. Students who fail to pay fees on time may face penalties and restrictions on academic activities until the dues are cleared.
The refund policy is designed to be fair and transparent, with clear guidelines on eligibility criteria and processing timelines. Refunds are processed for students who withdraw from the program or meet specific conditions outlined in university regulations.
Students are advised to keep copies of all payment receipts and transaction details for future reference. The university maintains a record of all financial transactions to ensure transparency and accountability.