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Fees |
| 1. |
The fee structure as applicable for the students of the regular programme will be charged from the students. Any revision in the fee structure would be notified separately from time to time.
All deposits / payments of fees shall be made only by Demand Draft in favour of
MIT Institute of Design payable at pune. |
| 2. |
At the time of admission, the student needs to pay 50% of tuition fees, Hostel/Mess charges, one time full development fee and refundable Security Deposit. |
| 3. |
the Composite Fee is applicable for the academic year i.e. from July to May. |
| 4. |
The Composite Fee covers all of the teaching and other expenses (such as library, examination, labs, co-curricular activities, sports etc for the academic year) |
| 5. |
The Composite Fee does not include or cover field trips and excursions, pocket money, extra subject / learning support, weekend outings / trips, transportation, stationery, other co-curricular activities, extra tutorials, medical expenses etc. |
| 6. |
There are two options available for payment of Composite Fee:
- Advance Yearly - this carries a 5% rebate on Tuition Fee ·
- In two installments semester wise
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| 7. |
All fee payments should be made by the due dates as indicated in the Fee Schedule. |
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The Due dates for submitting fees semester wise every year will be
- 1st installment: 15th July of every year
- 2nd installment: 15th January of every year
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The students seeking admission for the 1st year however have to pay the 1st installment as declared in the admission procedure.
10% increase in Composite Fees will be there every year
Students have to purchase the tool kit at actual cost from the institute Stores. |
| 8. |
The institute reserves the right to revise / amend the Fee Schedule. |
Late Fees |
| 1. |
In the event of late deposit of fee following surcharge shall be charged:
- If paid within 30 days after the due date: 5%
- If paid between 31 and 60 days after the due date: 10%
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| 2. |
No student, whose fee remains unpaid in full or in part, will be allowed to use the institute until the outstanding fee is received. No internal jury reports, Transfer Certificates or recommendations to future institutes / colleges will be issued to the student or parent. |
| 3. |
If the fee is not paid even after 3 fortnightly reminders, the students name shall be struck off from the institute's records and all dues shall be forfeited from the security deposit. |
Conversions |
| 1. |
Students converting from Boarding to Day Boarding should do so at the end of a semester. Students converting from Boarding to Day Boarding in the middle of a semester shall have to pay boarding fee for the full semester. |
| 2. |
Students converting from Day Boarding to Boarding (upon availability of seat) should do so from the 1st day of the month. Students converting in the middle of a month shall have to pay boarding fee on pro rata basis from the beginning of the month. |
| 3. |
College mess is compulsory for all the boarding students. |
Refunds / Withdrawals |
| 1. |
Students wishing to withdraw should give at least one semester's notice (July - Dec / Jan - June). |
| 2. |
In case of withdrawal, fee pertaining to the semester falling in the notice period shall be payable by the student. |
| 3. |
In case of withdrawal, fee pertaining to the semester falling in the notice period shall be payable by the student. |
Refunds New Admissions |
| 4. |
In case of withdrawal happens within a period of one month from declaration of the final list of selected students an amount of Rs. 10,000/- will be deducted as administrative charges and rest amount will be refunded to the student within 30days from receiving of the application. |
| 5. |
In case of withdrawal happens after one month from declaration of the final list of selected students and before commencement of the course 25% of composite fee will be deducted and rest amount will be refunded to the student within 30 days from receiving of the application. |
| 6. |
In case of withdrawal happens within a period of 1 month from the commencement of the course 50% of composite fee will be deducted and rest amount will be refunded to the student within 30 days from receiving of the application. |
| 7. |
For the Withdrawal happening after 1 month from commencement of the course, no amount except security deposit will be refunded within 60 days from receiving of the application. |
| 8. |
University Affiliation fees for the Fashion Design programmes will refunded only in case of withdrawal happening before commencement of course. No refund of University Affiliation fees will be done for admission withdrawal done after commencement of course. |
| 9. |
Any instrument / equipment / gadget or books and stationery purchased from / through the Institute are Non-Returnable and thus Non-Refundable. |
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Security Deposit |
| 1. |
Every student admitting into the Institute needs to pay a security deposit as laid down by the management from time to time. This deposit is non-interest bearing and is refundable upon the student passing out / leaving the institute. |
| 2. |
Any unpaid dues of the student shall be recovered from his / her security deposit. |
| 3. |
The Security Deposit shall be refunded within 60 days of withdrawal /passing out of the student after adjusting unpaid dues, if any. This is done on production of prescribed ‘No Dues certificate’ from concerned departments. Production of the ‘No Dues Certificate’ is also essential for award of Degree. |
| 4. |
No request of refund would be entertained after six months from the date of completion of the course or the student leaving the institute. |
| 5. |
Legal disputes, if any, shall be settled only in the courts having their jurisdiction in Pune. |
Bank Charges |
| 1. |
All bank charges pertaining to inward remittance of the fee, if any, shall be debited to student's account. |
| 2. |
In the event of cheque / draft return, a sum of Rs. 1000/- besides the bank charges shall be debited to the student's account. |
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