Pay after placement with Masai School’s Income Share Agreement

Education plays a vital role in the development of a nation by providing knowledge to its generations which leads to empowerment. Currently, due to the rise of self-financing institutions, the cost of education has increased tremendously. This creates a major problem in the path of students who want to pursue professional education. 

Although Education loans are one of the ways by which students can follow their dream of pursuing professional education, it also turned out to be a disappointing way due to their repayment status. Students don’t want to carry the risk of repayment status of the Educational loan without a job. If you are also one of such students then this article is for you as here you would get the best way of pursuing education even without taking any kind of risk of education loan.

ISA stands for Income Share Agreement, coined in the year 1955 by Milton Fridman, an American economist who introduced the concept of how one can invest in human capital. Here, human capital refers to the knowledge, skills, and experiences of individuals. He proposed an agreement where one could finance a student’s education by providing them with the initial funds in exchange for a fixed share of the student’s income. These agreements would later be known as Income Share Agreement. Today, a number of private-owned educational institutes have come up with boot camps and structured learning programs under ISA where they teach in-market skills such as coding, data structure, data analytics, web development, and even marketing courses.

Masai School is one of the early educational institutions which offer courses with ISA offerings, therefore students can learn with no upfront costs.

Introducing Masai School

Masai School is a 21st century focused Career-focused school that invests in students to build their Skillset, Toolset and Mindset to become competent professionals. At Masai, students learn with no Upfront fees and pay only when they are placed with jobs that pay them a minimum of 5LPA, or more.

Since their inception, 500+ students have found their dream jobs at an average package of INR 7.5 LPA, and about 2500 students are currently enrolled in various courses.

The curriculum at Masai has been designed by consulting with Industry experts and keeping the market demands into consideration, therefore everything the students learn is optimized.

The curriculum at Masai is intense, wherein students learn from 9 am to 9 pm every day for 30 weeks straight, and in this duration, they end up working on multiple projects, coding for 1200+ hours, and working on multiple assignments to build mastery, and therefore be job-ready. Masai’s teaching style is unique and follows MBP - Mastery based progressive learning, where a student builds skill and not just scores marks.  _Today Masai graduates are placed at top Indian companies like Swiggy, NoBroker, PayTm, Dream11, ShareChat, etc.

How ISA is different from Education Loan?

An Income Share Agreement is a contract between an educational institute and a student that provides the student with up-front education funding, in exchange, the student agrees to pay a fixed percentage of future income for a defined period.

On the other hand, an Education loan refers to a sum of money borrowed to finance post-secondary education or higher education-related expenses. Education loans are intended to cover the cost of tuition, books and supplies, and living expenses while the borrower is in the process of pursuing a degree.

The biggest difference between an ISA and a loan is that an ISA is not based on interest. ISA payments are tied to a percent of your income, so the cost will be variable and the total amount paid will be unknown.

Courses offered by Masai School

Prepleaf, now a part of Masai provides students with courses in the field of Analytics and Data Science. The details about the various postpaid courses provided by Prepleaf are as follows:

Check: Prepleaf by Masai Courses & Fees

Admission Process

Masai follows the concept of “Study at zero, pay after you earn”, therefore Students have to pay no upfront fees and payback only once they complete the course, get placed with a job that pays them 5LPA or more. 

The steps to be followed for the admission process at Masai - 

• Apply for the program from the official website.
• Clear MSAT - Masai School Aptitude Test & Communication skills test 
• On successful completion, verify Aadhar Card 
• Complete the required documentation.

By providing students with the facility of ISA, Prepleaf by Masai plays a vital role in the placement preparation of the students. Students can pursue their dream of learning the professional courses of Analytics and Data Science even without taking any risk of any educational loans.

They would have a guaranteed job at the end of the Program and unfortunately, if they fail in getting any job then their education would be free and they do not have to pay anything as fees. This concept helps a lot of students in pursuing their dream and getting jobs. Enroll now to build your career, and emerge out as a competent professional.