NIFT Fee Structure 2017, NIFT Fee Payment 2017, NIFT Hostel Accomodation and Other expenses 2017, Education Loan Policy at NIFT
The candidates who fulfill the admission criteria ( refer Alert! NIFT Seat Reservation Policy and Criteria ) specified in the article may apply online with requisite application fee through the Online NIFT Payment gateway. The candidates selected under this category shall pay the fee at the time of admission for the first academic year consisting of two semesters. NIFT has tied up with UBI bank and provide educational loan, refer below for more details.
Hostel Accommodation and Other Expenses:
Hostel fee and other expenses, indicated in Admission Prospectus may vary from one NIFT Campus to another.
The hostel fee is required to be paid by the candidate directly to the Campus at the time of admission/joining. Candidates are advised to visit the website http://www.nift.ac.in or contact the concerned authorities of the NIFT Campuses for detailed information regarding hostel accommodation and related expenses.
So , from my personal experience I would suggest to adopt hostel as it is very convenient and affordable. And also I would like to add another expense. “STATIONERY”
Being a NIFT student, and pursuing designing means you would be spending lot on stationery. So a gentle reminder for all , taking admission and paying fees is not only the thing that you need in NIFT , things that you actually need is a lot and lot of stationeries and hard work!
Education loan policy at NIFT :
NIFT has tied up with the Union Bank of India (UBI) for Student Education Loans at a special rate of interest of 11.75%. The rate of interest is 11.25% for candidates belonging to SC/ST category. Girl students also enjoy a rate of interest of 11.25%. UBI has issued pre-approved sanction of loans to all aspirants who gain admission at NIFT. The pre-approved sanction letter is at Annexure V. The students can approach any Branch of UBI across the country with proof of clearing the NIFT entrance test to avail the facility. NIFT offers limited subsidies to meritorious students who are in need of financial assistance as per the provisions made in Means-cum-Merit Financial Assistance Scheme. Availability of Financial Assistance under this scheme cannot be assured. Students who are interested in availing this facility should submit their application along with parental income certificate and contact the Student Development Activity Coordinator (SDAC) at their campus after admission. NIFT also offers assistance through a Student Assistantship Programme on campus. This gives them part time employment within the institute.