FUTA School Fees Schedule 2023/2024

FUTA School Fees Schedule 2023/2024

The Federal University of Technology, Akure (FUTA) has announced that its school fees schedule for the 2023/2024 academic session has been published. The schedule helps both fresh and returning students of the institution to understand their budgeting and financial planning.

The management of the Federal University of Technology, Akure (FUTA) wishes to inform the entire students of the institution of the school fees structure for the 2023/2024 academic session. This blog will provide the detail breakdown of the school fees schedule for the 2023/2024 academic year.

FUTA School Fees Schedule for 2023/2024

Tuition Fees

• 100L/200L Fresh Students, 200L, 300L, 400L, 500L: Tuition is Free.

Other Charges

• Online Registration (Both Semesters): ₦2,000 (all levels)
• Laboratory/Workshop Charges:
  • ₦10,000 (100L/200L)
  • ₦4,500 (other levels)
• Examination Charges:
  • ₦5,000 (100L/200L)
  • ₦3,000 (other levels, except 500L)
  • ₦4,000 (500L)
• Certificate Verification (100L/200L Fresh Students): ₦10,000
• Caution Fee (Refundable for 100L/200L Fresh Students): ₦5,000
• Identity Card (2 Sessions):
  • ₦5,000 (100L/200L Fresh and 300L Students)
• Students Handbook (Revised Edition) (100L/200L Fresh Students): ₦5,000
• Sports Services: ₦3,000 (all levels)
• Medical Examination (100L/200L Fresh Students): ₦10,000
• Endowment Fund (100L/200L Fresh Students): ₦10,000
• Medical (TSHIP and others): ₦10,000 (all levels)
• Matriculation Charges (100L/200L Fresh Students): ₦7,500
• Library Charges:
  • ₦2,500 (100L/200L)
  • ₦1,500 (other levels)
• University Calendar (100L/200L Fresh Students): ₦7,000
• Industrial Training (400L Students Only): ₦10,000
• ICT Development: ₦5,000 (all levels)
• School Due: ₦5,000 (all levels)
• Departmental Due: ₦5,000 (all levels)
• Municipal Charges:
  • ₦23,000 (100L/200L Fresh and 200L)
  • ₦20,000 (300L and 500L)
  • ₦10,000 (400L)
• Students Welfare Insurance Scheme: ₦2,000 (all levels)
• Students Union Fee: ₦2,500 (all levels)
• Entrepreneurship:
  • ₦10,000 (100L/200L Fresh Students)
  • ₦5,000 (300L)
• Development Levy:
  • ₦20,000 (100L/200L Fresh Students)
  • ₦5,000 (other levels)
• FYB: ₦5,000 (500L students)
• Field Trip / Professional Accreditation / MBBS fees / MLS / Public Health: Varies by department

Total Annual Fees

• 100L/200L Fresh Students: ₦159,500
• 200L: ₦73,000
• 300L: ₦78,500
• 400L: ₦68,000
• 500L: ₦73,000

Payment Options

1. Two Equal Instalment Payments: Allowed for current 200 to 500 level students.
2. Full Payment at Session Start: Mandatory for 100L and 200L DE students.
3. First Instalment Payment: Grants access to first semester registration only. Full payment is required for second semester registration.
4. Access to Accommodation and Course Registration: Only after payment.
5. Accommodation Fee: Requires full payment, not instalmental.
6. Partial Payments: When half of the fees are paid, corresponding credits are applied to the student’s account, with the remainder as a pending debt.
7. Course Registration: Not possible without semester payment.

In Summary:

Navigating the FUTA school fees for the 2023/2024 academic session requires careful attention to detail. This comprehensive breakdown serves as a guide to help you understand each component of the fees, ensuring you are well-informed about the financial commitments involved in your academic pursuit at FUTA. Remember, planning and early preparation can make a significant difference in managing your education expenses effectively.