Overview
Our Income Sharing Agreement (ISA) Tuition plan is an investment in our students. Under this plan, you pay only an upfront fee (to cover our platform and TA costs) till you complete your program and get a job.
Our Income Sharing Agreement (ISA) Tuition plan is an investment in our students. Under this plan, you pay only an upfront fee (to cover our platform and TA costs) till you complete your program and get a job.
You will start repaying your tuition only when you secure a job either during the course of the program or after your completion. You will then pay each month for 24 consecutive months depending on the income / CTC your earn.
You pay an upfront amount of Rs 35,000 (includes pass through expenses for the use of learning platform, EDStem + cost of teaching assistants) and the remaining once you get a job. You will repay 12% of your CTC till such time your CTC doesn't cross INR 8 lacs for 24 months. If you earn a CTC of 8 Lacs per annum or more, you pay 15% of your monthly CTC for a period of 24 months. You will pay 17% of your CTC if your earn 12 lacs or more in a year.
ISAs are available only for select programs. If an ISA plan is available for a program, all learners accepted into the program, with one exception, can opt for it. Students, working professionals and individuals on a break are eligible.
Exceptions:
Data Science Leaders Program (DSLP)
Once you begin your job after program completion, you start paying 12% (plus applicable GST) of your salary toward your ISA if you earn below INR 7.99 Lacs, 15% of your salary , if your CTC is in the range of INR 8 Lacs to INR 11.99 Lacs and 17% of your salary if you earn 12 Lacs or more. You continue to make monthly payments for a period of 24 months.
You are required to report any changes in your income as per the ISA to Univ.AI.
If you wish to withdraw from the program within the first week from the program start date, you will not owe us any money and we will terminate your ISA.
If you withdraw from the program after the first week from the program start date but before or upon the completion of DS-1, you'll owe us the entire program fee prorated to the courses you have attended from the program start date. If you withdraw from the program after enrolling into DS-1, you will continue to pay 15%-17% of your CTC depending on the slabs mentioned above.
You will in that case, owe us the entire program fee immediately.
If you choose to leave your job voluntarily, you immediately become liable to pay the difference between the maximum payable tuition for your program and the already paid amount.