ISA with Zero Upfront Tuition
Pay your tuition only when you get a job with a minimum CTC of INR 8 LPA
Our Income Sharing Agreement (ISA) tuition plan is an investment in our students. Under this plan, you do not pay any tuition fee till you complete your program and get a job.
Pay only if you get a job
If you are unable to get a job for 12 months following your graduation from the program, your tuition fee is on us. You are free of any further obligation to pay your tuition.
Pay only if you get a minimum salary of INR 8 lakhs per annum
If you get a job within 12 months of program completion, and it does not pay you INR 8 lakhs per annum CTC or more, you do not owe us any payment, until such time that your salary crosses INR 8 LPA. If your salary CTC does not increase beyond INR 8 LPA within 24 months of program completion, your tuition is completely waived off.
Fee payment and program fee cap
Once you get a job of INR 8 lakhs per annum CTC or more, you pay 17% of your monthly CTC for 24 months, or until you reach the ISA fee cap for your program, whichever occurs earlier. The applicable program fee cap is published in the payment option details of each program as well as on this comparison table.
Who can avail themselves of an ISA plan
ISAs are available only for select programs. If an ISA plan is available for a program, all applicants, with two exceptions, can opt for the ISA plan subject to an approval based on your admission test scores and an interview.
The two exceptions are
- Students already enrolled in full-time educational programs who have 9 months or more left for program completion
- Working professionals in full-time jobs.
Programs that offer an ISA plan
- Master ML & AI
- Master Deep Learning
- Advanced AI
Optional, fully refundable deposits
If you are not approved for our ISA plan with zero upfront tuition, you may be offered an alternative ISA plan, where you are required to pay a partial, fully refundable deposit. Once your ISA payments become due, the total program fee payment cap will be reduced by the amount of the deposit.
Your deposit amount will be refunded to you if you are unable to secure a job with an annual salary of INR 8 lakhs per annum CTC or more within 12 months of program completion.
You are also free to choose any of the other tuition payment options as well.
Schedule of payments
Once you begin your job after program completion, you start paying 17% (plus applicable GST) of your salary toward your ISA. You continue to make monthly payments until one of the following happens:
- You have paid 17% of your salary for 24 months
- You have reached the maximum payment threshold for your program (refer comparison table)
- Your annual income drops below 8 LPA due to loss of employment or a pay cut
If you have made a deposit, your total program fee payment cap will be reduced by the amount of the deposit.
Your ISA is paused if your annual income drops below 8 LPA
If your salary goes below INR 8 LPA during the term of your payment schedule, your payment plan will be paused. The repayment period will be extended by the duration for which your salary stays below INR 8 LPA.
You are required to report any changes in your income as per the ISA to Univ.AI.
- Your Monthly Salary Slip
- Your Annual ITR (Income tax return)
- Every time your income increases or decreases.
During the program, you must meet the following requirements to keep your ISA valid:
- Maintain at least 80% attendance during each module
- Submit all the assignments.
- Submit all required module-end projects
- Maintain a grade of B+ or above during the entire program
If any of these conditions is not met, your minimum salary guarantee for the ISA plan will no longer be valid, and you will owe us a full 17% of your monthly income for a full 24 months from the time you begin any employment.
Withdrawal from program and ISA plan
If you wish to withdraw from the program after you are accepted and enrolled, you will not be charged any fee, if you withdraw within 2 weeks of the program start date. If you withdraw from the program after that, you will owe us, immediately, the program fee that would have been payable under the pay-as-you-go plan.
Documents required to apply for an ISA
- Your latest income tax return or if you are a student you can submit your parent/guardian's income tax return.
- Aadhaar and Pan card copy
What happens if I voluntarily choose to leave my job?
If you choose to leave your job voluntarily, you immediately become liable to pay the difference between the maximum payable for your program and the already paid amount.
What happens if I choose not to pursue employment and instead choose to start my own business, or pursue further education?
You will in that case, owe us the entire program fee immediately.