Income Sharing Agreement (ISA)
Pay your tuition when you get a job with a minimum CTC of INR 12 LPA
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
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 12 lacs per annum
If you get a job within 12 months of program completion, and it does not pay you INR 12 lacs per year CTC or more, you do not owe us any payment. If your salary CTC does not increase beyond INR 12 LPA within 12 months of program completion, your tuition is completely waived off.
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 of INR 12 lacs per annum CTC or more, you pay 17% of your monthly CTC for a period of 24 months.
Who can avail themselves of an ISA plan with zero upfront tuition
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 17% (plus applicable GST) of your salary toward your ISA. 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.
- 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 average 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 24 months from the time you begin any employment irrespective of your CTC value.
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, you'll owe us the entire program fee prorated to the courses you have attended from the program start date.
You may at any point in time request to be moved to the subsequent 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
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.
Note: Our ISA terms and conditions have been updated to extend the minimum CTC guarantee of 12 LPA to working professionals and will be applicable for anyone applying on or after September 19, 2021.