With Newton School's income share agreement (or ISA) a student can enroll and complete the course by paying absolutely nothing and get placed in a top notch company, but agrees to pay back 15% of the monthly income for 3 years/ Pay 3 Lakh in total (whichever way reaches first). This way students can learn effectively without pressure of down payment in the starting.*
3 things to know about ISA
Pay ₹0 tuition until you land a high paying job
Newton School covers your tuition costs until you're making at least ₹6 Lakh an year. There's no down payment.
Monthly payments are based on what you make
When you do land a job, you'll start to make monthly payments based on a percentage of your income.
Stop paying once you've reached the cap
You're 100% free from any obligation to us once you've reached the cap or the payment schedule ends.
3 Easy ways to end ISA.
A
You've made
36 monthly payments
B
You've paid a total of
₹3 Lakhs
C
It's been 1 year since you completed the course, and didn't get a relevant job yet.
*Let's look at the numbers
₹6 LPA
The ISA only kicks in once you're making at least ₹6 Lakhs per annum within 1 year of completion.
₹0
The payment will get paused if you left/got fired from your first job within 3 months of joining. It continues when you get a new job. If in case you complete 3 months in your first job with min guaranteed CTC, you have to pay the entire amount irrespective of your employment status after that.
15%
Then you'll pay 15% of your income for 36 months.
3 yrs
Your ISA expires after 3 years of completion of the course, if you were not employed with relevant job by then.
₹3 Lakhs
The ISA is capped. You'll never pay more than ₹3 Lakhs no matter how high your salary.
₹2 Lakh
You can choose to pay ₹2 Lakh upfront for Newton School instead of doing an ISA.
Our ISA is an investment in our students
Newton School only makes money if you land a job, and if not we make nothing. And once you complete the payment period or reach the cap, you are 100% free from any financial obligation to us.
