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Fee Schedule
Admission Fee:
Admission Fee of Rs. 10,000 is to be paid by all the selected candidates
immediately after the admission decision is announced. This should be paid by
way of Demand Draft drawn in favor of "The ICFAI University, Mizoram"
payable at Aizawl, Mizoram. Admission Fee is non-refundable.
Program Fee:
The Program fee includes Tuition Fee, Student Activity Fund, Alumni Membership
Fee and excludes the Admission fee. The Tuition Fee includes the cost of
courseware, summer internship coordination fee, final placement coordination fee
and library fee.
Program Fee Structure
Table 1
|
|
MBA
(2008-10) |
|
Domicile |
Non-
Domicile-1 |
Non-
Domicile-2 |
|
Tuition
Fee (Rs.) |
1,10,000 |
1,20,000 |
1,40,000 |
|
Student
Activity Fund (Rs.) |
10,000 |
10,000 |
10,000 |
|
Alumni
Membership
Fee (Rs.) |
5,000 |
5,000 |
5,000 |
|
Program
Fee (Rs.) |
1,25,000 |
1,35,000 |
1,55,000 |
Domicile:
Students from State of Mizoram. Non-Domicile-1: Students from North East
States other than Mizoram. Non-Domicile-2: Students from States of India
other than North East States. (North East States: Arunachal Pradesh, Assam,
Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura.)
Payment Options
A) Annual Payment:
Students can pay the program fee in 2 annual instalments at the time of
registration for the first, third and fifth semesters (on or before June 16,
2008 and June 15, 2009) respectively. All payments are to be made
by way of Demand Draft in favor of " The ICFAI University, Mizoram",
payable at Aizawl. The details are given below in Table 2:
Table 2
|
|
MBA
(2008-10) |
|
|
Domicile |
Non-
Domicile-1 |
Non-
Domicile-2 |
|
1st
year (on or before June 16, 2008) (Rs.) |
62,500 |
67,500 |
77,500 |
|
2nd
year (on or before June 15, 2009) (Rs.) |
62,500 |
67,500 |
77,500 |
B) Instalment Scheme:
Students can pay the program fee in 8 equal instalments. The first instalment is
to be paid by way of Demand Draft in favor of "The ICFAI University,
Mizoram", payable at Aizawl, at the time of registration for Semester I
i.e. June 16, 2008. The remaining 7 installments are payable by way of
Post-dated Cheques (PDCs) in favor of "The ICFAI University, Mizoram"
as per Table 3 given on page 15. These 7 PDCs (dated Sept. 01, 2008; Dec. 01,
2008; Mar. 02, 2009; June 01, 2009; Sept 01, 2009, Dec. 01, 2009 and Mar. 01, 2010) are to be deposited with the
ICFAI University at the time of registration for the Semester I. All the PDCs
should be signed by the parent/guardian only.
Table 3
|
|
MBA (2008-11) |
|
Domicile |
Non-
Domicile-1 |
Non-
Domicile-2 |
|
1st
Instalment by DD (Rs.) |
17,188 |
18,563 |
21,313 |
|
Remaining
7 Instalments by PDCs. Each PDC (Rs.) |
17,188 |
18,563 |
21,313 |
|
Students may also use the above
instalment scheme until they get any educational loan from any bank. In case
they get any bank loan, the amount paid through PDCs will be adjusted and the
PDCs which are not sent for collection will be returned.
Contribution to Student
Activities Fund
Students are
required to contribute Rs.10,000 to the Student Activities Fund. The fund is
administered by a committee consisting of student representatives and faculty.
It is utilized to finance student activities including special classes for
development of soft skills, placement brochure/placement related activities,
participation in competitions, picnics, cultural events, welcome and valedictory
functions, etc. This fund is also utilized to reimburse the hospitalization
expenses up to Rs.1,00,000 due to illness and accidents during their course of
study. The amount of Rs.10,000 towards Student Activities Fund is included in
the Program fee.
Membership Fee of Alumni Society
Students are
required to become members of the Alumni Society. The membership in the Alumni
Society entitles the students to participate in seminars, workshops, conferences
and local chapter activities. An amount of Rs.5,000 towards membership fee of
Alumni Society is included in the Program fee.
Waiver of Tuition Fee
In the
unfortunate event of death of a specified parent who is funding the education of
a student at the ICFAI University, the balance of tuition fee payable by such
student will be waived. Further details will be provided in the Student
Handbook.
Refund of
Tuition Fee
In the unfortunate event of death
of a student during the course of study at the ICFAI University, the tuition fee
paid will be refunded to the specified parent. Further details will be provided
in the Student Handbook.
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