Financial Engineering Program Fee Structure
The fee structure for the Financial Engineering program at The Institute Of Chartered Financial Analysts Of India University Aizawl is designed to provide high-quality education while maintaining affordability for students from diverse economic backgrounds.
| Semester | Tuition Fee | Hostel Rent | Mess Advance | Student Benevolent Fund | Medical Fees | Gymkhana Fees | Examination Fees | Total |
|---|---|---|---|---|---|---|---|---|
| Semester 1 | 85000 | 30000 | 20000 | 1000 | 2000 | 1000 | 1500 | 140500 |
| Semester 2 | 85000 | 30000 | 20000 | 1000 | 2000 | 1000 | 1500 | 140500 |
| Semester 3 | 85000 | 30000 | 20000 | 1000 | 2000 | 1000 | 1500 | 140500 |
| Semester 4 | 85000 | 30000 | 20000 | 1000 | 2000 | 1000 | 1500 | 140500 |
| Semester 5 | 85000 | 30000 | 20000 | 1000 | 2000 | 1000 | 1500 | 140500 |
| Semester 6 | 85000 | 30000 | 20000 | 1000 | 2000 | 1000 | 1500 | 140500 |
| Semester 7 | 85000 | 30000 | 20000 | 1000 | 2000 | 1000 | 1500 | 140500 |
| Semester 8 | 85000 | 30000 | 20000 | 1000 | 2000 | 1000 | 1500 | 140500 |
| Total | 680000 | 240000 | 160000 | 8000 | 16000 | 8000 | 12000 | 1124000 |
Fee Component Details
The tuition fee covers the cost of instruction, access to academic resources, and educational facilities. It includes charges for faculty salaries, course materials, laboratory access, and administrative support necessary for delivering quality education.
Hostel rent provides accommodation for students who wish to live on campus. The hostel facility is designed to provide a comfortable and conducive environment for learning and personal development. The rent structure is competitive and affordable compared to other institutions.
The mess advance covers the cost of meals provided through the university's cafeteria system. Students are required to pay an advance amount that covers their meal expenses for a specific period, typically one month.
The student benevolent fund supports various activities and initiatives aimed at improving student welfare and academic excellence. The fund provides assistance to students facing financial difficulties and supports extracurricular activities and events.
Medical fees cover healthcare services provided by the university's medical center. These services include routine checkups, emergency care, and basic medical treatments for students.
Gymkhana fees support the maintenance of sports facilities and recreational activities. These fees contribute to the development of physical fitness programs and extracurricular activities that enhance student life.
Examination fees cover the costs associated with conducting examinations, including question paper preparation, invigilation, and result processing. These fees ensure that students have access to fair and secure examination processes.
Hostel & Mess Charges
The hostel facilities at our university offer various room types to accommodate different needs and preferences of students. The accommodation is designed to provide a comfortable living environment while maintaining high standards of cleanliness and safety.
Room types include single occupancy rooms, double occupancy rooms, and shared accommodations with varying amenities and pricing structures. Students can choose based on their budget and comfort requirements.
The mess billing system operates on a monthly basis, with students required to pay an advance amount for meals. The system is designed to be transparent and efficient, allowing students to track their consumption and manage their expenses effectively.
Rebate policies are available for students who may not require full accommodation or meal services during certain periods. These policies provide flexibility while ensuring that students only pay for the services they actually use.
Fee Waivers, Concessions, and Scholarships
The university offers various fee waivers, concessions, and scholarship programs to support students from economically disadvantaged backgrounds. These financial aid options are designed to ensure that quality education is accessible to all deserving students regardless of their economic status.
Eligibility criteria for fee waivers include income level requirements and other qualifying factors. Students must submit relevant documentation to prove their eligibility for these benefits.
Scholarships are available for students who demonstrate exceptional academic performance, financial need, or special talents in various fields including sports, arts, and community service. The university also provides merit-based scholarships that reward outstanding achievements in academics and extracurricular activities.
Concessions are provided to students belonging to specific categories such as SC/ST/PwD, EWS, and MCM (Minority Community Members). These concessions help reduce the financial burden on students from these groups while ensuring their access to quality education.
Payment Procedures & Refund Policy
The payment procedures for the Financial Engineering program follow a structured approach that ensures timely processing and proper documentation of fees. Students are required to complete payment within specified deadlines to avoid any complications in enrollment or academic progress.
Payment deadlines are clearly communicated to students at the beginning of each semester, and late fee calculations are applied for delayed payments. The system provides multiple payment options including online banking, debit/credit cards, and bank transfers to accommodate different preferences.
The refund policy outlines the procedures for processing refunds in case of withdrawal or other qualifying circumstances. Students must submit formal requests with supporting documentation to initiate the refund process. Refunds are processed according to established guidelines and timelines to ensure transparency and fairness.