Fee Structure Overview
The tuition fee structure for the Business Administration program at The Institute Of Chartered Financial Analysts Of India University Aizawl is designed to provide quality education while remaining accessible to students from diverse economic backgrounds. The total cost of the program includes tuition fees, hostel charges, mess fees, and other miscellaneous expenses.
Complete Fee Structure - Per Semester
| Fee Head | Amount (INR) |
|---|---|
| Tuition Fee | 1200000 |
| Hostel Rent | 400000 |
| Mess Advance | 60000 |
| Student Benevolent Fund | 20000 |
| Medical Fees | 15000 |
| Gymkhana Fees | 10000 |
| Examination Fees | 8000 |
| Total Per Semester | 1703000 |
| Total for 4 Years | 6812000 |
Detailed Fee Components
Tuition Fee: The tuition fee of 1200000 INR covers comprehensive instruction, access to academic resources, library facilities, and laboratory equipment. This fee includes all course materials, digital resources, and access to university databases and research tools.
Hostel Rent: The hostel accommodation charge of 400000 INR provides students with comfortable living quarters in well-maintained campus housing. The hostel facilities include 24/7 security, internet connectivity, laundry services, and recreational spaces.
Mess Advance: The mess advance fee of 60000 INR covers meal expenses for the semester. Students are required to pay this amount at the beginning of each semester, with monthly billing based on actual consumption.
Student Benevolent Fund: This fund of 20000 INR supports students in need through scholarships, emergency assistance, and welfare programs. The fund is managed by a dedicated committee that ensures equitable distribution of support.
Medical Fees: The medical fee of 15000 INR provides access to on-campus healthcare facilities including consultations with qualified doctors, emergency services, and basic medical supplies.
Gymkhana Fees: The gymkhana fees of 10000 INR support campus recreational activities, sports facilities, and wellness programs that contribute to students' overall development.
Examination Fees: The examination fee of 8000 INR covers the cost of conducting semester examinations, grading, result processing, and transcript generation.
Hostel & Mess Charges
The university provides comfortable hostel accommodation for all students with different room types to accommodate varying needs and preferences.
Room Types
- Single Occupancy Room: 25000 INR per month with private bathroom, air conditioning, and individual study space
- Double Occupancy Room: 18000 INR per month with shared bathroom facilities and common study areas
- Triple Occupancy Room: 12000 INR per month with shared facilities and basic amenities
Mess Billing System
The mess billing system operates on a monthly basis where students receive detailed bills based on their actual consumption. The university provides nutritious meals through contracted catering services that ensure food safety and dietary variety.
Students can opt for different meal plans including vegetarian, non-vegetarian, and hybrid options to suit their dietary preferences. The mess charges include breakfast, lunch, and dinner with additional charges for special occasions or extra meals.
Rebate Policies
The university offers various rebate policies for students who are unable to use hostel facilities due to valid reasons such as medical emergencies, family obligations, or academic commitments.
Students can apply for partial or full rebates based on their specific circumstances with required documentation and approval from the hostel authorities.
Fee Waivers, Concessions, and Scholarships
The university provides various financial assistance programs to ensure that deserving students can access quality education without financial burden.
Scholarship Eligibility Criteria
- SC/ST/PwD Category: Students from SC/ST/PwD categories are eligible for 100% fee waiver with additional benefits including books, stationery, and hostel accommodation support
- EWS Category: Students from EWS category are eligible for 50% fee concession with priority in hostel accommodation and other campus facilities
- MCM (Meritorious Children of Meritorious Parents): Students who meet the criteria of being children of meritorious parents can receive 25% fee concession based on academic performance and parental achievements
Application Process
Students interested in applying for financial aid must submit applications through the official university portal with required documents including income certificates, caste certificates, and academic records.
The application process includes verification of documents by the financial assistance committee and final approval based on merit and need assessment. Students are notified of the results within 15 working days of application submission.
Payment Procedures & Refund Policy
The university has a structured payment procedure that ensures timely processing of fees with clear guidelines for late payments and refund calculations.
Payment Deadlines
All fees must be paid by the specified deadlines mentioned in the academic calendar to avoid late fee charges. The first installment is usually due at the beginning of each semester with subsequent installments distributed according to the semester schedule.
Late Fee Calculations
Students who fail to pay fees on time are subject to late fees calculated at 2% per month on the outstanding amount. The university provides grace periods for students facing genuine financial hardships with documentation required for consideration.
Refund Rules
The refund policy is designed to ensure fair treatment of students who withdraw from the program or face genuine circumstances requiring refund processing.
Refunds are processed according to the university's refund policy with deductions for administrative charges, hostel maintenance, and other applicable fees. Students must submit withdrawal applications with proper documentation to initiate the refund process.