Are you a student or an aspiring enrollee at the Federal University of Technology, Akure (FUTA) for the 2023/2024 academic year? Wondering what the school fees schedule looks like and how it impacts your budget? Dive into this detailed guide covering everything from tuition fees to additional charges, ensuring you're well-prepared financially for your academic journey at FUTA.
Embarking on an academic journey at the Federal University of Technology, Akure (FUTA) involves not only intellectual commitment but also a clear understanding of the financial implications. For the 2023/2024 academic session, FUTA has released its school fees schedule, offering clarity and transparency for both new and returning students. This comprehensive guide will walk you through the various components of the FUTA school fees, ensuring you are well-prepared for the financial aspect of your university experience.
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Breaking Down the FUTA School Fees Structure
Tuition FeesTuition: Remarkably, tuition at FUTA remains free for all students, across all levels (100L to 500L).
Other Mandatory ChargesOnline Registration (Both Semesters): ₦5,000 for all levels
Deed of Undertaking: ₦5,000 for 100L/200L fresh students
Laboratory/Workshop Charges: ₦15,000 applicable to all levels
Examination Charges: Variable fees across different levels
Certificate Verification: ₦10,000 for fresh students
Caution Fee (Refundable): ₦20,000 for new entrants
Identity Card (Valid for 2 Sessions): ₦5,000 for fresh and 300L students
Students Handbook (Revised Edition): ₦5,000 for fresh students
Sports Services: Different fees for various levels
Medical Examination: ₦10,000 for new entrants
Endowment Fund: ₦5,000 for all students
Medical (TISHIP and Others): ₦10,000 for all levels
Matriculation Charges: ₦10,000 for new students
Library Charges: Different fees for various levels
University Calendar: ₦10,000 for fresh students
Industrial Training (400 Level Only): ₦10,000
ICT Development: ₦10,000 for all students
School Due: ₦5,000 for all levels
Departmental Due: ₦5,000 for all levels
Municipal Charges: ₦30,000 for all students
Students Welfare Insurance Scheme: ₦2,000 for all students
Students Union Fee: ₦2,500 for all levels
Entrepreneurship: Variable fees for 100L/200L and 300L
Development Levy: Different fees for fresh and returning students
FYB Fee (500L only): ₦1,500
Field Trip/Professional Accreditation Fees: Varies by department
Total Fee Breakdown by Level100L/200L: ₦240,500
300L: ₦131,000
400L: ₦136,000
500L: ₦127,500
Flexible Payment Option
FUTA understands the financial challenges that students may face, which is why they have provided the option for payment in two installments. This flexibility can ease the financial burden and help you plan your expenses more effectively.
Conclusion
Being aware of the school fees at the Federal University of Technology, Akure, is crucial for effective financial planning. With tuition fees being free and other charges clearly outlined, you can prepare accordingly for the upcoming academic session. Remember, investing in your education is investing in your future, and understanding these financial aspects is key to a stress-free academic experience at FUTA.
