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MIT World Peace School, Latur: Fee Structure

location_onGat No. 35, Arvi Road, Latur, Maharashtra - 413512
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CBSE
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Fees Structure

MIT World Peace School Fee Structure for 2027-2028

Academic Session

These fee structures are accurate to the best of our knowledge and may be subject to change.

Additional Fees Notes

Payment Schedule for Tuition Fees

Option 1: One-Time Payment

  • Due Date: 15th April 2025
  • Benefits:
    • 3% rebate on Annual Tuition Fees
    • 10% rebate on Sibling Concession (for the second and third child)

Option 2: Quarterly Payment

  • 1st Installment (40%) – Due by 25th March 2025
  • 2nd Installment (30%) – Due by 10th August 2025
  • 3rd Installment (30%) – Due by 10th December 2025

Mid-Term Admission Policy

  • If an admission application is submitted after the academic session has started in April, it will be considered a Mid-Term Admission.
  • Fee Calculation:
    • Fees will be calculated on a prorated basis considering 11 months of schooling.
    • The month of joining will be considered as the Month of Joining.
    • Fees from the Month of Joining to the next assigned installment date will be calculated by the Accounts Team and communicated to parents.

Admission Cancellation Policy

  • If an admission is canceled after the academic session has started, the Month of Cancellation will be considered.
  • Parents will be liable to pay fees for the number of months the child has attended the academic session on a prorated basis.
  • OTA Fees will be applicable for all new admissions.

Grace Period for Fee Payment

  1. Installment Payments:

    • The due dates for the three installments (40%, 30%, 30%) will be specified grade-wise in the Fee Structure Document.
    • A 10-day grace period will be granted after the due date.
    • Parents will receive three reminders via message, phone call, or email.

  2. Consequences of Non-Payment:

    • Students with unpaid fees will not be allowed to sit for school or board exams.
    • Internal examination results, reports, Transfer Certificates, or recommendations for future schools/colleges will not be issued.
    • If the fee remains unpaid even after 10 days, the child's name will be removed from the school’s system and all services will stop immediately.
    • If the fee is still unpaid, Caution Money will not be refundable.
    • Payments made after the grace period will be considered as Re-Admission/New Admission, and an Admission Services Fee will be charged.

  3. For Boarding Students:

    • If tuition or boarding fees are unpaid, students must remain in boarding until the full payment is made.
    • If fees remain unpaid beyond the grace period, Caution Money for Boarding will not be refundable.

Concession Policy

A. MIT Staff Concession (Excluding WPS School Alandi Staff)

  • Registration Fees: No Concession
  • Admission Fees: 100% Concession
  • Tuition Fees:
    • Staff Salary below ₹50,000 – 25% Concession
    • Staff Salary above ₹50,000 – 20% Concession
  • Caution Deposit: No Concession

B. MIT WPS Staff Concession

During Probation (1 Year) – Applicable to One Child Only

  • Registration Fees: No Concession
  • Admission Fees: No Concession
  • Tuition Fees: No Concession
  • Caution Deposit: No Concession

(After a mid-year performance audit, the principal may recommend a 50% tuition fee concession for one child, subject to written approval by the Director and ED. In special cases, a 100% waiver may be granted at the ED’s discretion.)

After Successful Completion of Probation

1st Child:

  • Registration Fees: No Concession
  • Admission Fees: No Concession
  • Tuition Fees: 100% Concession
  • Caution Deposit: No Concession

2nd Child:

  • Registration Fees: No Concession
  • Admission Fees: No Concession
  • Tuition Fees: 50% Concession
  • Caution Deposit: No Concession

For a 3rd child, the principal may submit a recommendation letter to the Director and ED for approval.

C. Sibling Concession (Parents)

  • Registration Fees: No Concession
  • Admission Fees: No Concession
  • Tuition Fees: 10% Concession (for the second and third child)
  • Caution Deposit: No Concession

D. Group Enquiry Concession (For Groups of 10+ Students)

  • Registration Fees: No Concession
  • Admission Fees: Maximum 33% Concession (minimum ₹20,100 to be collected on the same day)
  • Tuition Fees: No Concession
  • Caution Deposit: Waived

E. Concession for One-Time Full Fee Payment

  • Registration Fees: No Concession
  • Admission Fees: No Concession
  • Tuition Fees: 3% Concession
  • Caution Deposit: No Concession

(For special cases where a 5% concession is requested, a written application must be approved by the ED.)

Student Referral Policy

A. Staff Referrals

  • For every 10 confirmed admissions through personal references, staff members will receive ₹5000.
  • For each individual referral, staff members will receive ₹500.
  • (Only applicable if the referred student was not already in the Admissions Team database.)

B. Preschool Referrals

  • Preschools referring students will receive ₹1000 – ₹3000 per admission, depending on location and negotiation.
  • The amount will be paid after the 1st installment is received for the respective grade and academic year.

(A corporate tie-up with preschools can be arranged, including campus visits, picnics, and cultural exposure. The principal has discretion over the referral amount.)

C. Parent Referrals

  • Parents referring new students will receive a gift as a token of appreciation.

Fee Collection

  • Fees must be paid only through My Class Board (MCB) Student Login or via Demand Draft (DD) in the name of the school.

Fill Admission Form

For Session
ClassSessionApplication DateStatusApplication FeeAction
Class 3
2027-2028
Last Date
Dec 31, 2026
Ongoing₹1,500
Class 4
2027-2028
Last Date
Dec 31, 2026
Ongoing₹1,500
Class 5
2027-2028
Last Date
Dec 31, 2026
Ongoing₹1,500
Class 6
2027-2028
Last Date
Dec 31, 2026
Ongoing₹1,500
Class 7
2027-2028
Last Date
Dec 31, 2026
Ongoing₹1,500
Class 8
2027-2028
Last Date
Dec 31, 2026
Ongoing₹1,500
Class 9
2027-2028
Last Date
Dec 31, 2026
Ongoing₹1,500
Class 10
2027-2028
Last Date
Mar 31, 2027
Yet to Begin₹0

Quick Facts

School

Board

CBSE

Gender

Coed

Classes

3 - 10 Class

Academic Session

April To March

Medium

English

Student Teacher Ratio

15:01

Day/Boarding

Day Cum Boarding

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Abhishek

Abhishek

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Rating and Reviews

MIT World Peace School

5.0/ 5
verified1 Verified Rating & Reviews
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Rating by parameter

Highest rated: Sports
Sports5.0
Extracurriculars5.0
Value for Money5.0
KB
Kiran BapatverifiedVerified User
5.0
Parent · Reviewed 14 Jul 2025

Good sports facilities and yoga keeps kids fit. The holistic development approach is excellent.

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FAQs

The total cost of admission in MIT World Peace School, Latur usually starts at Rs. 1,44,000 and can go up to Rs. 2,23,596. This includes: Security Fees, Imprest Money, Caution Money, Registration Fees, Tuition Fees, Admission Fees & Boarding Fees .

Currently, we do not have any conclusive information on the scholarships available in MIT World Peace School, Latur. Parents can direct contact the school for information on scholarships or fee reductions of any sort.
 

Last Updated At : 30-Sep-2026, 04:01 PM

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