ISA aka Income Share agreement is a legal agreement between Party A (Outscal) and Party B (Student) that ensures that Party B doesn’t have to pay anything upfront (except the security deposit) to Party A until Party A helps Party B in getting a job placement with a minimum CTC promised while signing the agreement.
Party B would be liable to pay a share of 17% of their monthly income for the next 36 months once Party B gets a job above the promised minimum CTC.
We firmly believe that the opportunity to learn should be available to everyone. We offer merit-cum-need based Income Share Agreements (ISA) to students who meet our qualifying criteria, ensuring they pay us only after they secure a well-paying job. You have to deposit Rs.10,000 as a security deposit during the admission process which will be adjusted in your last installment.
Example: For the Full Stack Game Development Program, the Income share is 17% of your gross salary for 3 yrs if you earn at least Rs 5 Lakhs per annum. This is subject to a total payment cap of Rs 3 Lakhs. In no circumstances would a Fellow ever pay us more than Rs. 3 Lakhs for the program. The Income Share Agreement has a total duration of 6 years from the program commencement date. However, the agreement expires as soon as 36 monthly payments are completed.
Typically, the amount of the Tuition Fee is less compared to the Income Share, and students who are financially able to opt for the Tuition Fee option, should do so.