FAQs

What is a success based payment plan?

Our success based payment plan allows you to receive our services at no-upfront cost. You only pay an income-based membership fee if you earn an income. These fees are very important to help us to support future talents. If however, you become unemployed, we’ll pause your membership payments until you are earning an income again.

What if I change my mind after signing up with Project Y?

You have a right of withdrawal within a withdrawal period of 60 days after your signature. If you withdraw from your membership, you have no obligation to pay. This motivates us to work hard to provide you with the support you deserve.

How much do I have to pay once I earn an income?

You pay a share of 15.00 percent of your actual gross income over a period of 60 months ("contribution Months").

How long is the maximum repayment period?

The maximum number of months that we ask you to pay a share of your income is 60 months.

Is there a cost to join Project Y?

There is no upfront cost to join Project Y. Our unique model allows you to start learning and earning without any financial burden. You only pay your contribution to the community when you have secured a job.

Does the percentage change after I graduate?

No, the percentage is fixed from when you sign the membership agreement.

When does my obligation to pay stop?

Your obligation to pay will stop if the membership term (for instance 60 months) has been reached and you are no longer a member of Project Y.

What happens if I lose my job or do not earn an income later?

If you cannot make your contributions due to permanent unemployment or full incapacity for work, your obligation to contribute is completely waived. In the event of death, your obligation to contribute ceases completely and does not pass on to your heirs.

Will I get more information about the repayment model, before my decision?

Yes, we will have a 1-1 session with you to go through the contract with you and answer all your questions to make sure you understand your obligations before you sign a contract with us.

What happens if I drop-out of my programme or get suspended?

If you drop out or get suspended, we will usually cancel the membership contract with you. If you change your mind within the first 60 days, you have the right to cancel the contract without any further commitments.

Why does Project-Y charge a membership fee?

Yes, you can repay faster by making larger, monthly repayments, if you wish to. As soon as the complete membership fee has been repaid, you do not have to make any more payments, but still receive the benefits of a Project Y membership until our contract ends.

How do you know that I am receiving an income?

We work with your future employer and will ask you to update your income and employment status in the membership app. We will also ask you for your tax returns. By signing a contract with us, you are obliged to inform us about any changes immediately. If you work through Project Y as your employer of record, we will deduct the membership fees directly.

Is the stipend considered income?

Yes, if the the stipend is not provided by Project Y.

How can I terminate my agreement?

Will Project Y cancel my contract if I get pregnant?

The agreement allows for breaks, so long as these breaks are discussed and agreed to, by you and Project Y. When you are become pregnant, you have the option to temporarily pause your repayments.

Still have a question?
Reach out to us today!

Still have a question?Reach out to us today!

Still have a question?
Reach out to us today!