Zaio covers your costs until you land a job making at least R144k a year. There's no downpayment.
When you do land a job, you'll start to make monthly payments of 9.5% of your monthly salary for 10 months
An ISA is a way to pay the cost of learning. A Zaio ISA is a contract under which you agree to pay 9.5% of your post-Zaio salary for 10 months, but only once you're making more than R144,000 per year (or the equivalent of R12,000 per month gross income). This is our way of investing in you. We select students we believe will be successful, and cover your cost until you're in a financial position to pay us back.
Cost of each course varies but is capped at R15,000
ISAs are not loans so they have no interest.
Your ISA payments start when you’re earning R144,000 a year (that’s R12,000 per month gross income). If you do not make more than R12,000 a month, you do not have to pay us.
The Income Share Agreement requires you to report your job status and income to Zaio
We are aligned for your success and support you every step, but we understand in some cases you may not be able to continue or will want to withdraw from Zaio. You may withdraw from a program without owing any tuition or penalty before the last class of Week 2; see next question for tuition pro-ration policy.
We reduce the total obligation for people who leave Zaio, based on completion of classes. We will take a ratio of the classes you completed vs the total number of class and multiply it by the cost of the course. You will then be responsible to pay for the portion of the course cost. However, this only applies until the end of 6 weeks, thereafter you will be responsible to pay the entire course cost
Yes. On the admissions application, there’s a box to check to tell us you’d like to pay upfront, instead of signing an ISA. You can make this election up until the first day of classes.
Income Share Agreements are available to people who live in South Africa who are South African Citizens, South African Permanent Residents, or have a South African study permit. Other people can still attend Zaio by paying the tuition upfront. All courses are taught in the South African time zone so it's important to think about how you will adjust according to your time zone.
ISA eligibility is not determined on the basis of prior income, sex, race, sexual orientation, religion, national origin or protected class. There are certain minimum requirements to be eligible for an ISA. For example, ISAs are only available to people who live in South Africa who are South African Citizens, South African Permanent Residents, or have a South African study permit. ISAs are also not available to individuals who already have an obligation to pay under an ISA with another institution.
The Zaio ISA has built-in protection for financial hardship. Should you lose your job or should your income drop below R16,666 per month, your payments will automatically be paused after you’ve reported the change. That said, we understand that unique and unforeseeable financial emergencies sometimes occur. In this situation please contact Zaio to discuss available options rather than letting your account go into default. While we cannot guarantee your situation will qualify for any changes or deferment, we want you to know that we want the best for you and your family, and will do what we can to help in times of extreme financial hardship.
Please email us at firstname.lastname@example.org