Fee Structure Overview

The total fee structure for the Masters of Commerce program at Viswam Degree College Chittoor is designed to be transparent and affordable, covering all essential components required for a comprehensive educational experience.

Detailed Explanation of Components

Tuition Fee: Covers the cost of instruction, laboratory access, and academic resources. It is subject to annual revision based on inflation and infrastructure improvements.

Hostel Rent: Includes accommodation in campus hostels with basic amenities such as Wi-Fi, electricity, and maintenance services.

Mess Advance: Covers meals for the entire semester, with adjustments made based on consumption patterns and seasonal variations.

Student Benevolent Fund: Supports students facing financial hardships or emergencies, funded through a small annual contribution from each student.

Medical Fees: Covers access to medical facilities on campus, including routine checkups, emergency care, and preventive health programs.

Gymkhana Fees: Provides access to sports facilities and wellness programs, promoting physical fitness and mental well-being among students.

Examination Fees: Covers administrative costs associated with conducting semester-end and annual examinations, including result processing and certification fees.

Hostel & Mess Charges

The college offers multiple hostel categories to accommodate different preferences and budgets. Room types include single occupancy, double occupancy, and triple occupancy rooms with varying amenities:

• Single Occupancy: ₹15,000 per semester (includes Wi-Fi and utilities)
• Double Occupancy: ₹12,000 per semester (shared facilities)
• Triple Occupancy: ₹10,000 per semester (shared bathroom and common areas)

The mess billing system operates on a prepaid model where students pay in advance for the semester. Monthly bills are adjusted based on actual consumption, with refunds issued if excess funds remain.

Rebate policies apply to students who meet certain criteria such as academic excellence or participation in extracurricular activities. These rebates range from 10% to 50% depending on the achievement level.

Fee Waivers, Concessions, and Scholarships

Several financial aid options are available to eligible students:

• SC/ST/PwD Category: Eligible students receive a 50% concession on tuition fee with full waiver on hostel charges.
• EWS Category: Students get a 25% reduction in tuition and hostel fees.
• MCM (Minority Community Member): A 10% discount on all fees applicable to students from minority communities.

Eligibility for these concessions is determined based on income slabs and documentation submitted during admission. The application process requires submission of relevant certificates and income proof documents.

Payment Procedures & Refund Policy

Payments must be made before the start of each semester or as per the schedule notified by the college administration. Late payments attract a penalty of ₹500 per day, with maximum limit of ₹5000 for any single instance.

Refunds are processed upon withdrawal from the program, subject to approval by the principal and adherence to specified timelines. Refund eligibility depends on the reason for withdrawal and whether the student has completed at least one semester.

The refund policy ensures that students receive their funds within 30 working days after the formal withdrawal request is approved. Deductions are made for any outstanding dues including examination fees, hostel rent, and mess charges.