Payment Options

What is the cost of the program?

You don’t have to pay Outscal anything until you land a job. We believe that every passionate developer deserves an opportunity to work in the gaming industry and our payment structure works accordingly.

After completing the program, if you land a job of a minimum of Rs 5 Lakhs per annum then we will charge you 17% of your gross salary for 3 years. 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.

But if you want to go for upfront payment, then the cost of the program is 1.5 lakhs + GST (for 6 months).

The program fee is worth it or not?

Comparing it to any other tech degree in India where you have to invest 10-20 Lakhs & 3-4 years of your precious time, we don’t charge you anything until you land a job and earn at least Rs 5 Lakhs per annum. Even in that case, you don’t have to pay more than 17% of your gross salary for 3 yrs. 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.

We even believe that you can start getting results within 6 months of your commitment with us.

No college/university in India will ever guarantee you a job and say, "pay us only when we get you placed". We claim this because we believe in our mentors, our platform, and the skills that we teach here.

In a nutshell, if you are not financially stable after spending time with Outscal then we won’t charge you anything.

Within 6 months we make students employable and industry-ready which the traditional education system has failed in doing for decades.

Why do I need to pay Outscal when there are various platforms like Udemy, Coursera, etc?

Following are the reasons:

  1. Lack of Motivation & Dedication: Most students cannot stay motivated for long hours especially when there is no one to monitor their progress from time to time. And it becomes hard when there is nobody to support you when you have doubts.

  2. No 24*7 online help: These platforms don’t provide 24*7 online live assistance to their fellow students. Clearing your doubts on these platforms is a very long process.

  3. No Job Guarantee: Even after spending so much money and so many hours of learning, these platforms don’t provide any sort of help in placement assistance and thus, they don’t guarantee any job placements for you.

So, how is Outscal helping in this case?

  1. We don’t charge anything until you land a job in the gaming field. Our program fee structure is designed in a way that everybody gets an equal opportunity without worrying about the payment.

  2. We ensure that our students are getting enough attention and all their doubts are cleared on time. For that purpose, we provide 24*7 online help whenever our students have a doubt regarding their course, from our Trainers and TAs.

  3. Our job is not over after the course completion. Once Outscal fellows are done with the program, our career services team will work with them - helping with CVs, cover letters, building online portfolios on Github, LinkedIn, interview prep, mock interviews, and industry connections. We will also source placement opportunities for our fellows from our extensive network of recruitment partners.

What is an ISA?

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 minimum promised 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 that 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.

How is the ISA different from a Bank Loan?

An Income Share Agreement is a financial structure in which an individual or organization provides something of value to a recipient, who in exchange, agrees to pay back a percentage of their income for a fixed number of years. Whereas, a loan is when you receive money from the bank in exchange for future repayment of the principal, plus interest.

To make it more understandable, here's a fictional example of ISA:

Amey is a mechanical engineer who recently graduated from college but has no job! He loves coding and is trying to find a job as a developer now. He joins Outscal and opts for ISA. He only pays Rs. 10,000 as a security deposit and joins Outscal Game Development Clan. Now, Amey is not liable to pay anything to Outscal until he gets a good job. 6 months later Amey gets a job offer from a game studio of 5 LPAs and he decides to join the company. Amey now starts paying back 17% of his monthly income for the next 3 years.

If Amey decides to switch jobs after working for a year or so, ISA will be paused and Amey will get a moratorium of two months to find a new job and he'll not be bound to pay anything while he has no job in between the job change process.

ISA will be resumed after two months or as he starts earning again (whichever happens first).

Now, here's a fictional example of a Bank Loan:

Abhay pursued engineering from a tech college in India. He took a Bank Loan and invested a huge amount for his technical degree. 4 years later, Abhay graduates from college and has no job!

Now since he took a bank loan, he has to pay back the EMIs. Abhay has to pay money without any moratorium or relief, even if he's unemployed.

No one took the responsibility for Abhay's loan when he graduated from college. He owed the bank the entire amount, even after he had no source of Income. Whereas in Amey's case he was secured by ISA and Outscal had to get him placed in order to charge 17% of monthly income from Amey.

Had Amey been unemployed, he wouldn't be liable to pay anything back to Outscal until he landed a job.

How do I report my income once I am employed?

When you sign the ISA, you agree to share your income, financials, and tax information with us.

You will be required to submit the salary statement and self-employment contract or consulting agreement to us, through our alumni platform.

We have also partnered with third-party Fintech companies to implement Income Share Agreement monitoring.

In case I am employed in a different field, am I required to pay ISA?

  1. If you are employed in a different field where the skills acquired are not used, then the Income Share Agreement won't be applicable.

  2. If you are employed in the same domain then ISA is applicable, even if the student bags the offer by himself.

If I got a job while I’m still enrolled in the program, do I still have to pay the program fee?

Yes, ISA will be applicable post 7 days from the start of the program and anyone who drops post this time will be required to pay the complete amount.

A lot of our students start getting job offers during the program itself. The ISA kicks in as soon as they start earning above Rs. 5 LPA.

How do the payments work, once I get a job?

You start paying only when you start making a gross salary that is equal to the base salary in your ISA.

For our Full-Stack Game Development Program, the Postpaid Service Agreement is valid for 6.5 years from the first day of the course, so if you do not earn Rs 41,667 in gross monthly salary in any given month out of those 6 years post-graduation, then you don’t have to pay anything. Only if you make Rs 41,667 in gross monthly salary in any of the 36 months across the 6-year duration as an engineer, you have to pay 17% income share as per the ISA for 3 years. This is subject to a total payment cap of Rs 3 Lakhs.

Also, you have the option of paying 100% upfront and easy EMIs.

In that case, the service fee for 6 months of the program is 1.5 lakh + GST (for 6 months).

How does Outscal make sure students pay once they get a job?

Remember that you will never pay us anything until you land a job with a minimum of Rs. 5 lakh salary per annum after completing our program.

We will use the offer letter from the job that you end up accepting to determine your initial monthly payments (e.g. if you are making 5 lakh per annum, we will charge you 17% income share as per the ISA).

We will create an installment plan based on your salary and you can make your payment using one of the following methods:

  1. Automatic withdrawal from approved bank account: You will elect to allow the company or its processing agent, to automatically deduct your monthly payment from your approved bank account, Debit Card, or any other payment methods deemed acceptable, as agreed between the parties.

  2. Credit Card Payment: You will provide the company, with a credit card number and execute an authorization for payment by credit card and any such other documentation, as may be required to authorize to charge monthly payments to your designated credit card on a recurring basis.

  3. To send the monthly payment via bank transfer or any other method discussed and agreed upon with the company, to such bank accounts or addresses as shall be provided by the company.

If I opt for ISA, do I have to pay anything if I get a job that pays less than the base salary in the ISA?

You start paying only when you start making a gross salary that is equal to the base salary in your ISA.

Example: For our Full Stack Game Development Program, the Postpaid Service Agreement is valid for 6 years from the first day of the course, so if you do not earn Rs 41,667 in gross monthly salary in any given month out of those 6 years post-graduation, then you don’t have to pay anything. Only if you make Rs 41,667 in gross monthly salary in any of the 36 months across the 6-year duration, you have to pay 17% income share as per the ISA.

For more queries, please reach out to us at admissions@outscal.com

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