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Fee Structure for Investment Management Program

The fee structure for the Investment Management program at The Institute Of Chartered Financial Analysts Of India University Aizawl is designed to provide quality education while maintaining affordability for students from diverse economic backgrounds. The total cost includes tuition fees, hostel charges, mess expenses, and other institutional charges.

Detailed Fee Components Explanation

The fee structure for the Investment Management program includes several components that collectively provide a comprehensive educational experience:

Tuition Fee (INR 250,000 per semester)

The tuition fee covers the cost of instruction, academic resources, laboratory access, and infrastructure support. This fee is designed to maintain world-class educational standards with experienced faculty and modern facilities.

Hostel Rent (INR 45,000 per semester)

Hostel accommodation provides students with safe, comfortable living environments conducive to academic success. The hostel charges cover maintenance, utilities, security, and other essential services.

Mess Advance (INR 60,000 per semester)

The mess advance covers the cost of meals for the entire semester. Students receive monthly meal cards or passes that can be used at campus dining facilities.

Student Benevolent Fund (INR 2,000 per semester)

This fund supports students in financial distress and provides emergency assistance for academic and personal needs. Contributions are voluntary but encourage community support among students.

Medical Fees (INR 3,000 per semester)

Medical fees cover access to campus health services, including consultations with doctors, diagnostic tests, and basic treatments. The fund ensures that students have access to essential healthcare during their studies.

Gymkhana Fees (INR 1,500 per semester)

Gymkhana fees support student sports activities, fitness programs, and recreational facilities on campus. These charges contribute to a healthy lifestyle and active student community.

Examination Fees (INR 2,500 per semester)

Examination fees cover the costs associated with conducting academic assessments, including question paper preparation, evaluation, and result processing.

Hostel & Mess Charges

The hostel facilities at The Institute Of Chartered Financial Analysts Of India University Aizawl provide comfortable living arrangements for students:

Room Types

Students can choose from various room types based on their preferences and budget considerations:

• Single Room: Individual accommodation with basic amenities including bed, table, chair, and study desk.
• Double Room: Shared accommodation for two students with additional space for personal belongings and study areas.
• Triple Room: Shared accommodation for three students with communal spaces and facilities.

Mess Billing System

The mess billing system operates on a monthly basis with pre-paid meal cards. Students can use their meal cards at designated dining halls or cafeterias throughout the campus:

• Standard Meals: Includes breakfast, lunch, and dinner with varied menu options.
• Special Diets: Accommodation for vegetarian, non-vegetarian, and specific dietary requirements.
• Meal Plans: Various meal plans available to suit different consumption patterns and preferences.

Rebate Policies

Students are eligible for rebates under certain circumstances:

• Weekend Rebat: Students who do not stay on campus during weekends receive a partial rebate on hostel charges.
• Academic Leave: Students on approved academic leave may receive partial rebates on accommodation charges.
• Emergency Leave: Emergency leaves are considered on case-by-case basis with appropriate documentation.

Fee Waivers, Concessions, and Scholarships

The Institute recognizes the financial constraints of some students and provides various fee waiver schemes to ensure educational accessibility:

Eligibility Criteria for Fee Waivers

Fee waivers are available for students belonging to specific categories with defined income limits:

• SC/ST/PwD Category: Students from SC/ST or PwD categories with family income below INR 2.5 lakhs per annum are eligible for full fee waivers.
• EWS Category: Students from EWS category with family income between INR 2.5 lakhs and INR 6 lakhs are eligible for partial fee waivers of up to 50%.
• MCM Category: Merit-cum-Means students with family income below INR 4 lakhs are eligible for scholarships covering tuition fees and other components.

Application Process

Students must submit applications along with supporting documents including:

• Income Certificate: From local authority or income certificate issued by competent authority.
• Category Certificate: For SC/ST/PwD students from respective authorities.
• Bank Statement: Recent bank statements showing family income details.
• Other Supporting Documents: As required by the financial aid office.

Scholarship Benefits

The scholarship program provides comprehensive support including:

• Tuition Fee Coverage: Full or partial coverage of tuition fees based on merit and need.
• Hostel Charges: Partial or full waiver of hostel accommodation charges.
• Mess Charges: Waiver or reduction in mess advance payments.
• Other Expenses: Support for books, laboratory access, and other academic expenses.

Payment Procedures & Refund Policy

The payment procedures are designed to be transparent and convenient for students and their families:

Payment Deadlines

All fees must be paid within the specified deadlines to ensure uninterrupted academic progress:

• Semester Fee Payment: Must be completed before the start of each semester.
• Installment Payments: Students may opt for installment payments with prior approval from the finance department.
• Late Payment Charges: Applicable charges for late payments are calculated at 5% per month on overdue amounts.

Refund Policy

The refund policy is designed to be fair and transparent:

• Withdrawal Refunds: Full refund of fees is provided if students withdraw before the start of the semester.
• Partial Refunds: For withdrawals during the semester, refunds are calculated based on the number of completed weeks.
• Refund Processing Time: Refunds are processed within 30 days of withdrawal approval.