Icfai National College

Fee Schedule

Admission Fee: Admission Fee of Rs. 3,000 is to be paid by all the selected candidates immediately after the admission decision is announced by the Principal of the INC Center. This should be paid by way of Demand Draft drawn in favor of "The ICFAI University, Sikkim" payable at Gangtok, Sikkim. 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 and library fee.

Program Fee Structure

Table 1

Domicle: Students from State of Sikkim. Non-Domicle-1: Students from North East States other than Sikkim. Non-Domicle-2: Students from States of India other than North East States. (North East States: Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Meghalaya, Sikkim, Sikkim.)

Payment Options

A) Annual Payment: Students can pay the program fee in 3 annual installments at the time of registration for the first, third and fifth semesters (on or before July 02, 2007, June 30, 2008 and June 29, 2009) respectively. All payments are to be made by way of Demand Draft in favor of " The ICFAI University, Sikkim", payable at Gangtok. The details are given below in Table 2:

Table 2

B) Installment Scheme: Students can pay the program fee in 6 equal installments. The first installment is to be paid by way of Demand Draft in favor of " The ICFAI University, Sikkim", payable at Gangtok, at the time of registration for Semester I i.e. 2nd July, 2007. The remaining 5 installments are payable by way of Post-dated Cheques (PDCs) in favor of " The ICFAI University, Sikkim" as per Table 3 given below. These 5 PDCs (dated Ist Jan, 2008;  1st July, 2008, Ist Jan, 2009;  1st July, 2009 and 1st Jan, 2010) are to be deposited with INC at the time of registration for the Semester I. All the PDCs should be signed by the parent/guardian only.

Table 3

Contribution to Student Activities Fund

Students are required to contribute Rs.3,000 to the Student Activities Fund. The fund is administered by a committee consisting of student representatives and faculty under the supervision of the Principal. 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.50,000 due to illness and accidents during their course of study. The amount of Rs.3,000 towards Student Activities Fund is included in the Program fee.

Membership Fee of Alumni Society

Students are required to become members in Icfai National College Alumni Society (INCAS). The membership in the Alumni Society entitles the students to participate in seminars, workshops, conferences and local chapter activities. An amount of Rs.3,000 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 INC, 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 INC, the tuition fee paid will be refunded to the specified parent. Further details will be provided in the Student Handbook.