Colleges in Madhya Pradesh

Let's first see the fee structure of both the university.

The Maharaja Chhatrasal Bundelkhand Vishwavidyalaya (MCBU) in Chhatarpur, India has a fee structure of 975 per semester, which totals to 5,850. For students repeating a semester, the fee is 1,335 per semester. 
Here are some first-year fees for courses at MCBU: 
BHMS: 5,940
B.P.Ed: 3,300
MA: 2,070
Here are some tuition fees for courses at MCBU: 
B.Ed: 1 L–1.9 L
B.Sc.: 4.5 K–30 K
M.A.: 3 K–15 K.

Where fees for courses at AKS University in Satna, Madhya Pradesh: 
B.Tech: 60,000 per year
MBA: 54,000 per year
B.Sc (Hons.): 59,000 per year
Polytechnic: 40,000 per year
M.Sc: 54,000 per year
B.Pharma: 70,000 per year
M.Tech: 60,000 per year
BA: 24,000 per year
B.Com: 28,000–42,000 per year
BCA: 37,000 per year
B.Sc (Hons.) in Agriculture: 2.36 Lacs for four years.

so by comparing both university AKS University is more expensive.

IHM Gwalior is an Institute of Hotel Management studies that ought to provide students with great career opportunities in the field of catering, management and hospitality. The Institution was first established as a Food Craft Institute in 1987, later which was upgraded to Institute of Hotel Management (IHM) Gwalior in 1992. 

Candidates can apply for the course through offline mode.  To get admitted to IHM Gwalior, they need to get through the NCHMCT-JEE exam.Every year in the month of January the NCHMCT announces the news of admissions in their official website and through national newspapers as well.Admission of candidates into B.Sc Hospitality and Hotel Management is based on NCHMCT-JEE score.For the Diploma course in Food Production the candidates need to sit for a written exam followed by an interview conducted by the institute.

The Institute standing on a land of 14 acres is now one of the 21 Central Institutes under the Ministry of Tourism, Government of India. Moreover IHM Gwalior is affiliated to (NCHMCT) National Council for Hotel Management and Catering Technology and IGNOU, New Delhi.