Income Sharing Agreement (ISA)


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. 

Pay only if you 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.

Fee payment

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.

Who can avail themselves of the ISA plan

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.


Exception: Students enrolled in a full-time academic program who have more than 18 months left to graduate are not eligible.


Programs that offer an ISA plan

  • Data Science Leaders Program (DSLP)


Schedule of payments

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.

Accountability

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.



Withdrawal from the ISA program

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 may at any point in time request to be moved to the next cohorts.


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

FAQs

What happens if I 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 tuition 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.