Our partner Chancen eG takes care of your tuition fees so you can focus on the bootcamp.
Income Share Agreement at Le Wagon Germany
A Fair Financial Solution Where Repayments Are Based on Your Income.
Apply nowAbout Le Wagon
Le Wagon teaches people the skills they need to change their lives 🚀
Since 2013, through immersive coding bootcamps, we have been teaching Web Development and Data Science in 43 cities and 25 countries 🌍.
The world's most acclaimed coding bootcamp according to student reviews on Switchup and Coursereport 🥇, 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 ✨. In Germany, we've partnered with Chancen eG to make coding accessible to everyone!
Here's a quick overview of how it works 👇
1. Study 👨💻
2. Repayments 💸
- You start to repay the tuition once you’ve got your first job with more than 28,000€ 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 💪
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 🙅♂️
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 “How did you hear about us” field, select “Other” and type “Chancen” ✅
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 👀
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 13,000€. 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. There’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
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