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Income Share Agreement or ISA is a legal agreement, which ensures that students share a pre-determined part of their income as tuition fee. For the AlmaX program, the ISA amount is INR 10,000 per month for 24 months after your first salary. You will have to sign the ISA only if you opt for placement services from us.
Pro Program students are required to clear all the Competency tests to enroll in AlmaX Placement Drive. Students opting for the placement guarantee option will have to sign the ISA mandatorily.
You will start paying us after you receive your first salary after joining a high-paying job. We do not charge students who secure an appointment with an annual salary of 5LPA or below.
As per the ISA, you will be legally bound to furnish all the income-relevant documents such as Offer letters, Salary Slips, Income Tax Returns, Bank Statements, etc., to AlmaBetter.
If you voluntarily quit your job, your payment will continue. However, in cases of forced termination, your payment will be paused, and we will put our best efforts into getting you another job as soon as possible. However, any such arrangement will involve a third party (an NBFC), and a non-payment window will be provided only after proper verification.