No Income Share Agreement
How does the tuition fees work?
There are two payment options that a learner can choose from. Based on the option chosen, the amount paid by a learner will differ.
Option 1 - One-Time Fee Student pays at the beginning of the course, a fixed fee of ₹2 lakhs (Inclusive of GST). No additional amount needs to be paid after this at any stage of the program or after completion.
Option 2 - Income Share Agreement (ISA) The student signs an Income Share Agreement (ISA) with Masai School. No upfront payment needs to be made. You need to pay only after you get a job with a salary of ₹6 lakhs per annum (before taxes). The payment will be done in monthly installments @15% of the per month gross salary. The installments will continue till the 36th month or until you have paid us an amount of ₹3 lakhs, whichever is earlier. The Income Share Agreement is capped at ₹3 lakhs. In the rarest scenario where, you don't get a job or you get a job with a salary less than ₹6 lakhs/annum, we don’t charge you at all.
What are the details of the Income Share Agreement?
What happens if I drop out midway?
On what salary is the ISA percentage calculated?
ISA is a legally binding contract between Masai School and you. It requires you to furnish your Income Tax Return documents (ITR) and other income proofs to Masai School.
Do I need to deposit any kind of security?
Yes, as we are going to invest hugely on your learning we will need a security collateral from your end. For this purpose, you will have to give us two undated Bank Account Cheque of ₹ 1,00,000 each (You don't need to have this amount in your bank account, this is only for the security purpose). This cheque will be returned to you after the agreement period. We won’t encash it but we will have the right to use this cheque in case of any breach of Income share agreement from your end.
Can I pay upfront instead of an ISA?
If you do not wish to get into an ISA with Masai School, you have the option of paying the tuition fee ₹ 2,00,000/- (Inclusive of GST) upfront, post selection.