Financial Policies
Fee & Refund Policy
St.Mary's University follows a transparent fee and refund policy structured in accordance with the guidelines prescribed by the University Grants Commission (UGC) for higher educational institutions.
UGC Prescribed Refund Tiers
| Percentage of Refund | Point of time when notice of withdrawal of admission is received |
|---|---|
| 100%* | 15 days or more before the formally-notified last date of admission. |
| 90% | Less than 15 days before the formally-notified last date of admission. |
| 80% | 15 days or less after the formally-notified last date of admission. |
| 50% | 30 days or less, but more than 15 days, after formally-notified last date of admission. |
| 0% | More than 30 days after formally-notified last date of admission. |
* Note: In case of a 100% refund, the University may deduct processing charges not more than 5% of the fees paid, subject to a maximum of Rs. 5,000/- as per UGC guidelines.
Refund Process
- All applications for refund must be submitted in writing to the Registrar's Office in the prescribed format.
- Refunds will be processed within 15 working days from the date of receiving the complete written application.
- All refunds will be transferred electronically to the original source of payment or the student/parent's verified bank account.
- Application/Registration fees are non-refundable under all circumstances.