Fee and Scholarship

The NU MBA program for Admission Year 2016 is supported by a liberal Scholarship Assistance Scheme funded by industry with the intent of identifying and nurturing excellence, called the NU Professional Programme Scholarship (NUPPS). 60 Scholarships of Rs 4,50,000 (over 2 years) are on offer, and fees payable post-NUYPS Scholarship are Rs 3,30,300 and Rs 2,89,300 in Years 1 and 2. Since the University proposes to admit a limited number during Admission Year 2016, it is likely that most students found worthy of selection would also be awarded the NUYP scholarship. The Scholarship does not carry any conditions with respect to subsequent employment. Details are available in the NUYP Information Brochure, downloadable separately.

To be eligible for scholarship in the second year, students will have to score at least 5.0/10.0 CGPA and also fulfill all requirements for progress to the second year as per Rules and Regulations of the University. Those students who are required to repeat the first year will lose scholarship.

The Annual Fees without scholarship for the NU MBA program are Rs 5,50,800 and Rs 5,20,900 – in Years 1 and 2 respectively, including Hostel Fees but not including food and personal expenses. This figure may vary slightly based on type of accommodation opted – Men’s Single or Double Occupancy, or Ladies’ Single Occupancy – and payment plan. The figures mentioned above are for Single Occupancy rooms.

FEE PAYMENT PLANS

  1. a) Annual Payment Plan (APP)
  2. b) Trimester Payment Plan (TPP)

 

NOTE: All fees can be paid in cash, through electronic transfer, or by Crossed Demand Draft drawn in favor of NIIT University, payable at New Delhi.

  1. a) Annual Payment Plan (APP)

The total fees payable by the candidate in the Annual Payment Plan (APP) is as per the table below. The first year’s fees is payable at the time of enrollment. The subsequent years’ fees is payable in advance by June 01 every year.

 

Type of Scholarship Year 1 Year 2
(2016-17) (2017-18)
Univ Fee Hostel Fee Total Fee Univ Fee Hostel Fee Total Fee
Full fees 4,41,000 1,09,800 5,50,800 4,63,100 57,800 5,20,900
Scholarship 2,20,500 2,20,500 2,31,600 2,31,600
Net Fee 2,20,500 1,09,800 3,30,300 2,31,500 57,800 2,89,300

From second year onwards, fee assuming an increase of 5% per annum on University & Hostel Fee. The actual fee may vary depending on the fee increase.
One time refundable interest-free security deposit of INR 50,000 (Rupees Fifty Thousand Only) is payable at the time of enrollment.
The hostel fee is for double occupancy rooms. Male students can change to single occupancy by paying additional INR 16,000 per annum. For female students, only single room option is available by paying same as double occupancy tariff.

Note: In addition to the above, one time refundable interest-free security deposit of INR 50000(Rupees Fifty Thousand Only) is payable at the time of enrollment in addition to the above mentioned fees. Also Mess charges and Laundry Charges are payable at actuals (currently estimated at approximately INR 20,050/- for Mess and INR 2000/- for laundry per semester) payable in advance every trimester.

 

  • Term Payment Plan (TPP)

 

Type of Scholarship Term wise Fees (including hostel)
Term 1 & 2 (2016-17) Term 3 & 4 (2016-17) Term 5 & 6 (2017-18) Term 7 & 8 (2017-18)
Univ Fee Hostel Fee Univ Fee Hostel Fee Univ Fee Hostel Fee Univ Fee Hostel Fee
Full fees 2,31,600 57,700 2,31,600 57,700 2,43,200 2,43,200 60,600
Scholarship 1,15,800 1,15,800 1,21,600 1,21,600
Net Fee 1,15,800 57,700 1,15,800 57,700 1,21,600 1,21,600 60,600

From second year onwards, fee assuming an increase of 5% per annum on University & Hostel Fee. The actual fee may vary depending on the fee increase.

One time refundable interest-free security deposit of INR 50,000 (Rupees Fifty Thousand Only) is payable at the time of enrollment.

The hostel fee is for double occupancy rooms. Male students can change to single occupancy by paying additional INR 8000 per two terms. For female students, only single room option is available by paying same as double occupancy tariff.

Note: In addition to the above, one time refundable interest-free security deposit of INR 50,000 (Rupees Fifty Thousand Only) is payable at the time of enrollment in addition to the above mentioned fees. Also Mess charges and Laundry Charges are payable at actuals payable in advance every trimester.

Changing Fee Plans

A student can change the selected fee plan as per the following conditions.

  1. For changing the fee plan the student will have to pay a change processing charge of INR 1,000 every time a request is made for a change.
  2. A request for change can be made only once in a year within one month of the first registration.
  3. A request to change from a lump sum fee plan to any other plan will not be entertained.
  4. The student should contact the University Accounts department to get the exact amounts payable consequent to any fee plan change.