Fee Structure Overview
The MBA in Finance program at University Business School Chandigarh offers a transparent and comprehensive fee structure designed to provide value for money while supporting high-quality education. The fees are divided into several components, each contributing to the overall educational experience.
| Component | Per Semester (INR) | Annual Total (INR) |
|---|---|---|
| Tuition Fee | 180000 | 360000 |
| Hostel Rent | 40000 | 80000 |
| Mess Advance | 12000 | 24000 |
| Student Benevolent Fund | 5000 | 10000 |
| Medical Fees | 3000 | 6000 |
| Gymkhana Fees | 2000 | 4000 |
| Examination Fees | 2000 | 4000 |
| Total Per Semester | 244000 | 488000 |
The total annual fee for the program is Rs. 488,000, covering all essential components of education and campus life. This structure ensures that students receive a holistic experience without additional financial burdens.
Tuition Fee Breakdown
The tuition fee covers access to world-class faculty, advanced curriculum, laboratory facilities, and industry exposure. It includes course materials, digital resources, and academic support services provided by the institution.
For students who demonstrate exceptional academic performance, partial fee waivers are available based on merit criteria. Additionally, government-sponsored scholarships are offered to eligible candidates from reserved categories.
Hostel & Mess Charges
University Business School Chandigarh provides comfortable accommodation through its hostel facilities, which are equipped with modern amenities and security systems. The hostel charges vary based on room type and occupancy:
- Single Occupancy Room: Rs. 40,000 per semester
- Double Occupancy Room: Rs. 35,000 per semester
- Triple Occupancy Room: Rs. 30,000 per semester
The mess billing system is straightforward and transparent, with meals provided at a fixed rate per day. Students are required to pay in advance for the entire semester, which includes all meals and dietary options.
Mess charges include breakfast, lunch, and dinner, along with additional snacks and beverages. The facility maintains high standards of hygiene and nutrition, ensuring that students receive balanced and healthy meals throughout their stay.
Fee Waivers, Concessions, and Scholarships
The institution offers various financial assistance programs to support deserving students from economically disadvantaged backgrounds:
- SC/ST/PwD Category: 100% fee waiver for eligible candidates with annual family income below Rs. 2 lakhs
- EWS Category: 50% fee concession for families earning between Rs. 2-5 lakhs annually
- MCM (Minority Community): 25% discount on tuition fees for students from minority communities
The application process for these financial aids involves submitting relevant documents such as income certificates, caste certificates, and disability certificates. The selection committee evaluates applications based on merit and need, ensuring equitable distribution of assistance.
Payment Procedures & Refund Policy
All fee payments must be made through online banking or NEFT/RTGS transfers to the designated account. Late payments attract a penalty fee of Rs. 500 per day, which is calculated from the due date until full payment is received.
Refunds are processed according to the university's official policy, with deductions for administrative charges and any outstanding dues. Withdrawal requests must be submitted at least one month before the start of the semester to ensure timely processing of refunds.
The refund process includes verification of academic records, hostel clearance, and payment of any applicable fees. Once cleared, refunds are credited back to the student's bank account within 30 working days.