We have many payment options available to make education affordable for everyone!
The choice to invest in your future is a fantastic decision but it can be a difficult one as well.
Here at Byte Academy, we want to give as many people the opportunity to change their future as possible. We have a number of tuition payment options for you to choose from, so you can focus on your future, not on how you're going to pay for it!
Initial Payment Rs.10,000 at the time of enrollment and balance fee through Loan scheme.
Pay Upfront
Make an initial payment of $500, then pay the balance of your tuition in full before the start of class.
Payment Options
Personal or Bank/Cashiers Check Payment - Check Payable to Byte Academy, LLC.
Wire Transfer
Bank Name: Citi Bank N.A.
ABA Number: 021000089
Bank Account Number: #4998704674
Bank Account Name: Byte Academy LLC
Type of Account: Checking
SWIFT CODE: CITIUS33
Payments are also accepted via Paypal and Square
Loan Financing
We have partnered with CLIMB Credit to provide loans to applicants for tuition. Only $500 required upfront to start. Students with credit issues may add a co-signer. What is Climb?
HOW IT WORKS
Applying is free
Get pre-approved for a loan in as little as 5 minutes with no impact to your credit score
Low, interest only payments while in school and even after
There is no pre-payment penalty if you repay your loan early
Loan terms may vary from person to person
Customer service available via email, phone (888-510-0533) and instant chat
Term: 7 months interest only + 35 months interest and principal
Interest Rate:9%
Monthly Payments: Interest Only: 183.75 | Principal + Interest: $838.42
*Sample loan for representative purposes. Actual terms may vary based on a number of factors.
**Not available in all locations
Income Sharing Agreement (ISA)
What the heck is an ISA? Click here for more information.
At Byte, we offer an ISA program through our partnerLeifwhich allows those who qualify to start for $0 and pay only after getting hired.
Our ISA program allows financing of your course, and removes the need for student loans! With our ISA, there is a predetermined cap on the interest. This connects our success to yours.
Who can apply for an ISA?
Anyone who does not already have an ISA with another institution and who is a US Citizen, US Permanent Resident, or DACA recipient.
Details
Full-time courses: ISA caps and income % paid: $37,500 cap and payments at 14% of income for 4 years.
Part-time courses: ISA caps and income % paid: $22,500 cap and payments at 8.5% of income for 4 years.
Payments occur above the income threshold of $40,000.
Initial payment at the time of enrollment Rs.10,000 and then the balance fee in three installments as intimated through email communication.
Loan Financing: Only for domestic students
Loan Partner: Propelld
Initial Payment Rs.10,000 at the time of enrollment and balance fee through Loan scheme.
Loan Application Process
STEP 1 - DOCUMENTS REQUIRED
Case A -Student’s Aadhar Card linked to Mobile
Working Professional
Self Employed
3 Months of salaried bank statement (Digital PDF)
Aadhar & Pan details are extracted directly from the central data bases (No upload required)
3 Months bank statement (Digital PDF)
Latest ITR
Aadhar & Pan details are extracted directly from the central data bases (No upload required)
Case B-Student’s Aadhar Card NOT linked to Mobile
Working Professional
Self Employed
Upload Aadhar card & Pan Card
Upload 3 Months of salaried bank statement (Digital PDF)
Upload Aadhar card & Pan Card
Upload 3 Months bank statement (Digital PDF)
Latest ITR
NOTE: -In case the student is not working/self Employed, the student can make an earning member from his family as Co-Guarantor. The above step needs to be followed for the co-guarantor. We will be requiring only the Pan details from the student.
Once the applicant/co-applicant has uploaded the above-mentioned documents, there will be a real time video verification on Propelld app which takes less than 5 minutes.
Once the above documents are received, the approval decision will take a maximum of 24 hours.In most cases, it will happen within 12hours.
STEP 2 - POST APPROVAL
Loan Agreement signing:
If phone number is linked to Aadhar, this can be done online using Aadhar based OTP.
If phone number is not linked to Aadhar, the loan agreement has to be downloaded-signed and couriered to us.
NACH Mandate: -
If the customers bank is in the approved list of NPCI, E-Mandate (Using Net banking/ Debit card)
If the customers bank is NOT in the approved list of NPCI, the applicant has to download the prefilled NACH form –sign-upload in the portal and has to courier the hard copy of it.
INCOME SHARING AGREEMENT (ISA)
At Byte, we offer an ISA program which allows those who qualify to start for just Rs.1,000 and then pay only after getting hired.
Who can apply for an ISA?
Anyone who does not already have an ISA with another institution and who is an Indian Citizen, Permanent Resident in India.
Details
ISA caps and income % paid: Rs.99,000 cap and payments at 15% of monthly salary for the maximum 33 months.
Payments occur on or above the salary threshold of Rs.20,000 per month.
Estimate your payments
If your salary is ₹ per annum
Your monthly payment will be ₹ *
You will pay ₹ in months*
* This is just an estimate, actual amount may vary
Financing your education with an Income Sharing Agreement
What is an Income Share Agreement (ISA)?
An ISA contract is an agreement between you and Byte Academy, and provides for Byte Academy to finance the entirety of your course without the normal hardship and hassle of student loans. In return, once you have successfully graduated from Byte Academy, you agree to pay 15% of your pre-tax salary to the school for a maximum period of 33 months.
You only pay when you are employed and earning above Rs.2,40,000 per year. Unlike with student loans where interest rates can lead to repayments of double or triple the principle borrowed, with an ISA, you’ll never pay more than the predetermined cap. An ISA is truly a partnership between you and Byte Academy. It ties our success to your success.
Why is Byte Academy offering ISA?
Just as Byte Academy is advancing education, we are also improving how students go about accessing their education. Byte Academy’s programs are designed to get great students like you into the workforce quickly and affordably. We believe our reputation should not be limited to the instruction we provide but also to how we enable you to finance your education.
By offering ISAs to our students, we are investing in you and aligning our success with your success, not only throughout the course but after graduation as well. ISA financing is just another measure of Byte Academy’s firm belief in the first-class quality of the education we offer and our students’ outcomes.
How Does an Income Share Agreement Work?
Your ISA contract is between you and Byte Academy (Registered as RCK Academy Private Limited. If you choose to finance your education with an ISA, Byte Academy’s admissions counselors/finance department will help guide you through the process of applying and ensure seamless signup and ongoing communications for your ISA financing.
Ready for Byte Academy to be your education partner? It's easy to apply for an ISA and jumpstart your future today.
