Income Share Agreement at Le Wagon Germany

A Fair Financial Solution Where Repayments Are Based on Your Income.

Apply now

About Le Wagon

Le Wagon teaches people the skills they need to change their lives ๐Ÿš€

Since 2013, through immersive coding bootcamps, we have been teaching Web Development and Data Science in 43 cities and 25 countries ๐ŸŒ.

The world's most acclaimed coding bootcamp according to student reviews on Switchup and Coursereport ๐Ÿฅ‡, we have helped more than 12,000 students to kick-start their tech career, upskill in their job, or launch their own startup.

Find out more about our bootcamps in Cologne:

What is the ISA?

The Income Share Agreement (ISA) ensures equal access to education with a fair financial solution, irrespective of your current financial status โœจ. In Germany, we've partnered with Chancen eG to make coding accessible to everyone!

Here's a quick overview of how it works ๐Ÿ‘‡

1. Study ๐Ÿ‘จโ€๐Ÿ’ป

Our partner Chancen eG takes care of your tuition fees so you can focus on the bootcamp.

2. Repayments ๐Ÿ’ธ
  • You start to repay the tuition once youโ€™ve got your first job with more than 28,000โ‚ฌ of yearly gross salary.
  • Your monthly repayment fee will be between 4,8% and 5,5% of your monthly gross salary.
  • Note that in Germany you can deduct your yearly repayment fees from your income tax, when preparing the income tax declaration.
3. Income Threshold ๐Ÿ’ช

Repayments only start when you earn above the minimum threshold of 28.000 Euros gross. This ensures that the repayment plan is only activated when you can really afford it.

4. Repayment is Capped ๐Ÿ™…โ€โ™‚๏ธ
Your repayment stops after either a total of 60 single repayments (months) or after having repaid double the course fee in case you hit a high salary and with that, your monthly repayments.

How do I apply?

Step 1: Submit your application to Le Wagon

Submit your application to Le Wagon using the form on the right.

In the โ€œHow did you hear about usโ€ field, select โ€œOtherโ€ and type โ€œChancenโ€ โœ…

Step 2: Submit your application to Chancen eG

If your interview with Le Wagon is successful, you will be able to apply to Chancen eG and fill out the ISA application. 

This process can take up to around five weeks, so make sure to apply as soon as possible!

Still have questions? Check out our FAQ ๐Ÿ‘€

1. How long will the initial contact until the final confirmation take?

Depending on your situation, the whole process should take between 2 to 6 weeks.

2. Which nationalities are eligible to receive the financial support by CHANCEN eG?

  • All citizens of the EU, Switzerland, Norway, UK, USA, Canada, Australia, New Zealand and Israel.
  • Also, anyone who is registered in Germany and who has a German secondary school degree (e.g. Hauptschulabschluss / Mittlere Reife / Abitur).
  • The maximum age to be eligible is 45 years.

3. How long is the repayment period?

You will need to repay to a maximum of up to 5 years. You can take repayment breaks during your parental leave, longer travelling periods or if you are unemployed.

4. Which are the repayment rates and what is the maximum repayment?

  • The repayment rate for applicants without University-degree is 6.9%
  • The repayment rate for applicants with University-degree is 6.1%

The maximum repayment amount is maxed at 13,000โ‚ฌ. If you reach this cap before the 5 years, your contract with CHANCEN eG is cancelled.

5. Is the repayment tax deductible?

Yes, in Germany you can deduct between 25% and 40% of your repayment costs on your tax income declaration.

6. Does the financing with CHANCEN eG have any impact on the Schufa-Score?

No. Thereโ€™s no initial score-query from CHANCEN eG and no reports from them to Schufa about the contract.

What are the deadlines ?

Web development Full-time - 9 weeks
DateApril 11 - June 10, 2022 Deadline to applyApril 1, 2022
Data science Full-time - 9 weeks
DateApril 11 - June 10, 2022 Deadline to applyApril 1, 2022

Apply for the Bootcamps in Cologne ๐Ÿš€