Get financing to study Software Development at South Africa's best coding school.


Access the funding and support you need to achieve your dream career without the burden of debt.
Apply for financing to study Software Development at CodeSpace and launch your career in tech.

Funding to learn to code


Study now and pay later. CodeSpace offers financing to a world-class tech education that will teach you the coding skills that will get you hired.

Through our income share agreement, you will study our 6-month Software Development program for free. Once you graduate, you'll be ready to launch your tech career. And the best part? You only start paying back into the fund once you're earning.

Don't let finances stand in the way of your coding aspirations. Apply for funding to study Software Development at CodeSpace and begin your journey of learning to code.

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Study Software Development now and pay later.

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Receive a laptop that you keep once you graduate.

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Get a stipend of R2000 per month during your studies.

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World-class coding program


CodeSpace is a globally renowned education institution that gives students the opportunity to gain in-demand coding skills. CodeSpace offers funding for students to enrol in a 6-month full-time study program. You do not need to have any coding experience nor any background in IT to join this program.


Eligibility Criteria:

  • You must be an SA citizen or have permanent residency in SA
  • You cannot be employed or enrolled in other studies.
  • You must be between the ages of 18 - 35.
  • You must be available to attend mandatory classes from 9.30am to 3.30pm on weekdays.
  • Your household income must be less than R50 000/m. We give greater priority if your high school fees were less than R15 000/year, and if someone in your household receives a social grant.
THE CORE PROGRAM

Software Development

Take the most direct route to starting your career in tech. Our core program equips you with mastery and fluency in fundamental software development concepts that will be your foundation for success.

6 MONTHS FULL-TIME ON CAMPUS

DATES
Sept and Nov 2024 (loan option)
Jan 2025 (ISA & loan option)
LOCATION
CodeSpace Campus
Old Castle Brewery, 6 Beach Rd
Woodstock, Cape Town
TIMES
9.30am - 3.30pm /
weekdays

Get started



Income Share Agreements

Study now. Pay later.

An income share agreement (ISA for short) is a fair and safe form of student financing to help young people achieve their study dreams. ISAs work like a Stokvel: you receive financing for your studies, and then when you’re earning enough to support yourself you pay back a percentage of your salary into the fund that paid for your studies. This allows another student to have the opportunity you had. Simply put, an ISA enables you to study now and pay later.

Income share agreements explained.

  • Once you graduate and start earning, you will pay back a fixed percentage (15%) of your salary into the fund that paid for your studies. This allows another student to have the opportunity you had.
  • You only start contributing back to the fund when you earn above a minimum threshold so that you always have enough money to support yourself.
  • If you stop earning, you’re not liable to make repayments. This protects you and makes sure you don’t carry the burden of debt in hard times.
  • You stop making repayments once you have made an average of 60 payments within the 12-year period. Ideally, this will be 3 years after graduating.
  • If things are going well, you can make an agreement to pay back into the fund quicker than 36 months..
  • If you go on to earn very well, there is a maximum repayment rate to protect very high earners.
  • Your repayments into the fund allow the next students to access the opportunity you had.
  • The ISA is funded by the Chancen Future of Work Fund, a registered credit provider regulated under the National Credit Act.

FAQ

Am I eligible for an ISA?

To be eligible for an ISA, you:
  • Must be an SA citizen or have permanent residency in SA.
  • Cannot be employed or enrolled in other studies.
  • You must be between the ages of 18 - 35.
  • Are available to attend mandatory classes from 9.30 am to 3.30 pm on weekdays.
  • Meet the degree of financial exclusion.

How do I know if I meet the degree of financial exclusion?

You need to meet at least one of the below financial exclusion criteria:
  1. You receive a social grant, or someone in my household receives a social grant.
  2. Your high school fees were less than R15 000/year.
  3. Your household income is less than R50 000/m.

When do I start making repayments?

Repayments of your ISA start once you’re employed and earning above R5000 per month.

What happens if I lose my job or my income is too low?

If you’re no longer employed or your income drops to below R5000 per month, you don’t make repayments. However, you (or your champions) will be liable to pay a small fee of R60 (unemployment fee) per month when you’re unemployed.

When do I stop making repayments?

  • You stop making repayments once you have made an average of 60 payments within the 12-year period.
  • Ideally, this will be 3 years after graduating.
  • You can make an agreement to pay back into the fund quicker than 36 months.
  • In summary, repayments stop when your ISA term of 12 years is complete, or you have made all your repayments.

Is there a registration fee?

Yes, there is a small commitment fee (a minimum of R120 per month) for you to pay while you’re studying, which goes towards your ISA repayments. This shows your commitment and provides a record of good payment habits.

If you are invited to participate in the Selection Program; before signing the ISA Contract, you will pay a non-refundable initiation fee of R120, this fee does not go toward your ISA.

What is a champion?

A champion is someone who will champion your studies and is on your team. They have to be at least 25 years old, someone like a parent or close family member, not a friend or spouse. You may have to justify why you have chosen this person as your champion and why they are the right person to help you through your studies.

Why is a champion a requirement?

Your champion is our first point of contact. So if we can’t reach you, or if you stop repaying, or if something happens, we’ll get in touch with your champion. Your champion will sign commitment contracts and could be responsible for payments should you not honour your commitments.

What happens if I drop out of my CodeSpace course?

  • You, your Program Coordinator, and ISA Champion are to have a mandatory meeting.
  • You will also be liable for a portion of your tuition costs.

How do CodeSpace and WaFunda work together?

CodeSpace is your course provider, and WaFunda is your ISA provider. WaFunda will support you with course fees and related activities like financial literacy and career readiness.

Why is it called the Chancen ISA?

There are many ISAs in the world. This one is the Chancen ISA because it is fair and ethical. Chancen ISAs have been provided in Rwanda for many years and launched in South Africa in 2021.

Is the Chancen ISA regulated?

Yes, the Chancen Future of Work Fund is a registered credit provider regulated under the National Credit Act.

Funding South Africa’s future tech talent.