Fees

Diploma in Professor of Practice Fee Structure

FEE COLLECTION POLICY DOCUMENT (External Department)

Institution Name: International School of Management Excellence (ISME)

Effective From: Academic Year 2025–26

Approved By: ISME Management Committee

1. Purpose
   The purpose of this policy is to establish transparent, fair and consistent
   guidelines for the collection, management and refund of student fees.
2. Scope
   This policy applies to all students enrolled in Executive postgraduate, diploma
   and certificate programs offered by ISME, including both regular and distance/online modes.
3. Objectives
   1. To maintain transparency in fee structure and payment timelines.
   2. To provide flexible payment options without compromising financial accountability.
   3. To comply with UGC and AICTE regulations on fee disclosure and refund.
   4. To ensure accurate financial reporting through the institution’s ERP or accounting system.
4. Components of Fees
   The total program fee may comprise the following components, depending on the nature of the course:
   1. Registration / Admission Fee (Non–Refundable)
   2. Tuition Fee
   3. Examination Fee (if applicable)
   4. Library, Laboratory, IT and Activity Fee (if applicable)
   5. Hostel and Transport Fee (if applicable)

   All fees are subject to approval by the Management/Governing Council and may be revised annually after due consideration.

5. Fee Collection Schedule
   1. Registration with Rs. 25,000/- (Non-Refundable) at the time of admission
      (mandatory for enrollment confirmation).
   2. 1^st Installment as per Offer / Selection Letter.
      • In case of special request by the candidate for additional time,
        an amount of Rs. 25,000/- from the 1^st installment shall be paid
        before commencement of 1^st class.
      • A maximum of 1-month extension may be provided for the balance payment
        of 1^st installment with approval of HOD / Dean / Director.
   3. 2^nd Installment (100% of balance amount) as per the offer letter.

   Late Fee Period – 7–15 days after due date (applicable fine as per section 6).

6. Late Fee & Penalty
   • A grace period of 7 days may be allowed for payment after the due date.
   • Payments made beyond the grace period will attract a late fee of 0.5% per week (on tuition fee).
   • In case of continued default, the student will be barred from attending classes or examinations
     until dues are cleared.
7. Mode of PaymentStudents may pay their fees through:
   • Online payment via the institutional ERP portal (UPI / Credit / Debit Card / Net Banking)
   • Bank transfer or NEFT to the designated institutional account

   All payments must be accompanied by the student’s name, registration number and course details.

8. Refund and Withdrawal Policy
   In accordance with UGC Notification on Fee Refund, 2022:
   • In case of cancellation of admission before attending 1^st class, the total amount
     excluding Registration amount Rs. 25,000/- (Non-Refundable) will be refunded.
   • After attending 1^st class, Registration amount Rs. 25,000/- (Non-Refundable)
     + Rs. 25,000/- will be deducted and the rest amount (if any) will be refunded.
   • After 30 days from 1^st class commencement: No refund shall be given.

   Refunds, if any, shall be processed within 15 working days of receiving the withdrawal request via email.

9. Revision of FeesFee revisions, if any, shall be approved by the Management and communicated at least
   3 months prior to the next academic session.
10. Record Maintenance & AuditAll fee transactions shall be recorded in ISME’s ERP or accounting software.
    The Accounts Department shall conduct monthly reconciliations and prepare quarterly financial
    statements for review by the Governing Council. ISME shall undergo an annual audit to verify
    compliance and transparency in fee collection.
11. Policy ComplianceNon-compliance with this policy by any staff, department or student shall be treated as a
    disciplinary matter and may attract appropriate administrative action.