Fee Structure
The Economics program at Universal Ai University Maharashtra is priced competitively, reflecting the quality of education and facilities provided. The total fee structure for the four-year program includes tuition fees, hostel charges, mess advance, and other recurring expenses.
| Fee Component | Semester 1 | Semester 2 | Semester 3 | Semester 4 | Semester 5 | Semester 6 | Semester 7 | Semester 8 |
|---|---|---|---|---|---|---|---|---|
| Tuition Fee | 120000 | 120000 | 120000 | 120000 | 120000 | 120000 | 120000 | 120000 |
| Hostel Rent | 30000 | 30000 | 30000 | 30000 | 30000 | 30000 | 30000 | 30000 |
| Mess Advance | 25000 | 25000 | 25000 | 25000 | 25000 | 25000 | 25000 | 25000 |
| Student Benevolent Fund | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 |
| Medical Fees | 2000 | 2000 | 2000 | 2000 | 2000 | 2000 | 2000 | 2000 |
| Gymkhana Fees | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 |
| Examination Fees | 1500 | 1500 | 1500 | 1500 | 1500 | 1500 | 1500 | 1500 |
| Total | 180000 | 180000 | 180000 | 180000 | 180000 | 180000 | 180000 | 180000 |
Fee Component Details
Tuition Fee: Covers instruction, laboratory access, and academic resources. The fee remains constant throughout the program to ensure consistency in educational quality.
Hostel Rent: Includes accommodation in campus-hostels with shared amenities such as Wi-Fi, laundry facilities, and security services.
Mess Advance: Covers meals for the entire semester. Students pay an advance amount that is adjusted at the end of the semester based on actual consumption.
Student Benevolent Fund: A small annual contribution used for student welfare activities and emergency assistance.
Medical Fees: Covers access to campus health services, including consultations, medications, and basic medical check-ups.
Gymkhana Fees: Supports recreational activities and sports programs on campus.
Examination Fees: Includes costs associated with conducting semester-end examinations and grading processes.
Hostel & Mess Charges
Students can choose from various room types in the campus-hostels, each with distinct amenities and pricing structures. The mess billing system is transparent and adjusts according to monthly consumption.
Room Types
- Single Occupancy Room: ₹30,000 per semester for a private room with individual study space and access to common areas.
- Double Occupancy Room: ₹25,000 per semester for shared accommodation with two students in the same room.
- Triple Occupancy Room: ₹20,000 per semester for shared accommodation with three students in the same room.
Mess Billing System
The mess billing system operates on a monthly basis. Students pay an advance amount at the beginning of each month based on their meal plan. At the end of the month, the system calculates actual consumption and adjusts the bill accordingly. Rebates are available for students who do not consume all meals during the month.
Fee Waivers, Concessions, and Scholarships
The university offers several financial aid options to ensure that deserving students can access quality education without financial strain. These include fee waivers, scholarships, and concessional rates for various categories of students.
Eligibility Criteria
| Category | Income Slab | Concession (%) |
|---|---|---|
| SC/ST/PwD | Nil | 100% |
| EWS | Up to ₹4.5 lakh/year | 50% |
| MCM | Up to ₹6 lakh/year | 25% |
Application Process
Students must submit an application form along with supporting documents such as income certificates, caste certificates (if applicable), and Aadhaar cards. The financial aid committee reviews the applications and grants concessions based on merit and need.
Payment Procedures & Refund Policy
Payments are to be made through online banking or NEFT transfer before the specified deadlines. Late payments attract a penalty fee of ₹1000 per month, subject to approval by the finance department.
Refund Rules
If a student withdraws from the program, refunds are processed according to the university’s refund policy. Refunds are calculated based on the number of days attended and are credited to the student's account within 30 days after withdrawal formalities are completed.