What is Payment After Placement Program?

  • By Christy J. Varghese
  • 18 July 2022
label

Payment after placement programs are gaining momentum in India and it is once in a lifetime opportunity. A PAP course is specifically designed to assist candidates who are undergoing undergraduate education or pursuing postgraduation to develop their industry-specific abilities. Payment after placement programs aim to destroy all barriers that stand in the path of achievement for students.

Under these programs, you do not have to pay anything up in advance. First and foremost, you should complete your undergraduate course or postgraduate course and then find work. You can pay fees after placement is confirmed and you receive your first paycheck. Such programs help increase your chances of getting a good job without bringing the burden of funds on yourself.

Payment after Placement or PAP model is curated to help underprivileged but talented students who aspire to study courses like undergraduate professional courses which demand huge financial requirements. While some such students acquire undergraduate scholarships or scholarships for postgraduation, many can’t get them due to different reasons. The pay fees after placement programs encourage aspirants to pursue management, medical, hospitality, computer science, administration, and technology-related courses at both undergraduate, and postgraduate levels. 

Courses under PAP program

Some of the undergraduate courses under Payment after Placement model are:

  • Pay After Placement BBA
  • Pay After Placement BCom
  • Pay After Placement BCA
  • Pay After Placement BPT
  • Pay After Placement BSc Agriculture
  • Pay After Placement BSc Forestry
  • Pay After Placement BHM

Some of the postgraduate courses under Payment after Placement model are:

  • Pay After Placement MBA
  • Pay After Placement PGDM
  • Pay After Placement DHM
  • Pay After Placement MSc  Forestry
  • Pay After Placement MCA
  • Pay After Placement DPT

Working model of PAP program

The PAP program works as an efficient alternative to student loans. You have to pay no upfront fees and the payment is made after placement. 

If a student enrolls in a PAP program, they have to pay a fixed amount from their monthly salary as the education cost under this program for a year. It is applicable only if the aspirant can secure a job with a fixed minimum CPC after the completion of the course. They shall continue the payment until a payback maximum is reached. 

The pay fees after placement programs are designed according to the industry skill set needs, students’ goals, course structure, desired training module, etc. Thus, making it revolutionary for all the fields of higher education. 

The PAP model will act as a feasible solution for quality issues the industry faces today. It will ensure that the educational institutions focus more on the quality of educational standards and ensure the candidates secure good jobs after graduation. Also, it reduces the burden of student loans on candidates. 

The payment after placement program adds value to the candidates’ profile after graduation since it has already eliminated the financial risk associated and focused more on quality. It rebuilds the confidence between universities and students. The candidates' social standing and personality are boosted once they start repaying the educational fees with their own hard-earned money.

Advantages of Payment after Placement program

Some of the advantages offered by the payment after placement program are mentioned below:

  • It is a revolutionary initiative to facilitate higher education for the talented and deserving students of India.
  • The PAP program will encompass a larger number of universities and colleges in it to make a perfect blend of demand and supply of education and aspirants by dissolving the barrier of finances.
  • Since the candidates pay their course fees with their hard-earned cash through this postpaid price system, their morale will be boosted. They will no longer depend on their families for their course fee payments.
  • The organisation’s faith in the candidates will boost their subconscious to greater levels.
  • It will restore the candidates' faith in the system due to increased chances of job opportunities and that will result in more admissions.
    PAP will discipline and focus you on your career which will make you self-sufficient. 

Under a PAP program, you can start paying back once you graduate from college and get placed in a reputed company that offers you a decent salary. For the first one to three years, an average share of your salary must be paid as the course fee. This amount depends on the course type, the college you joined, and the total college fees. No amount will be debited as interest from the college’s side. 

The PAP model has been proving to be successful and is transforming the lives of many talented aspirants. Other than securing a job, this program upholds the principles for which our country stands for - the right to education. Any skilled student can study whatever they want, without having to worry about their finances. The PAP model is undoubtedly aiming toward a brighter and futuristic India.

People also ask

1. How does pay after placement work?

The Pay After Placement (PAP) program works as an efficient alternative to student loans. You have to pay no upfront fees, and the payment is made after placement. 

If a student enrols in a PAP program, they have to pay a fixed amount from their monthly salary as the education cost under this program for a year. It is applicable only if the aspirant can secure a job with a fixed minimum CPC after the completion of the course. They shall continue the payment until a payback maximum is reached. 

2. Is pay after placement good?

Yes, the PAP model has been proving to be successful and is transforming the lives of many talented aspirants.

3. How much do you pay after placement?

Under a pay after placement program, you can start paying back once you graduate from college and get placed in a reputed company that offers you a decent salary. For the first one to three years, an average share of your salary must be paid as the course fee. This amount depends on the course type, the college you joined, and the total college fees. No amount will be debited as interest from the college’s side. 

apply-now-form-img

Enter a world of possibilities

Apply for a graduate or a post graduate program and shape your career now.