June 1, 2022

Study First, Pay Later: Income Share Agreement (ISA)


At Coyotiv, our promise goes beyond a new life where our students can do their dream job; we also want them to take part in a mission of making the world a better place and build an inclusive culture to set a new standard for our industry. That’s why, we don’t only offer a first-class software engineering training, who’ll make them the future industry leaders, but we always look for new ways to make it more accessible.

We are thrilled to announce you that we are beginning a new chapter of our journey to bridge the financial gap. Through our partnership with CHANCEN eG, we can now support more people who are considering changing their careers, regardless of their financial situation. CHANCEN eG is a social enterprise that will take care of your tuition fees with its Income Share Agreements. Only after you start working in a company or establish your own startup, you begin making income-based repayments.

Now, nothing will keep you from achieving your dreams!

What’s CHANCEN eG and Income Share Agreement (ISA)?

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Here’s a brief overview of how ISA works:

Study first

While you focus on Coyotiv’s full-stack development course, CHANCEN eG will cover 100% of your tuition fees with its income-sharing agreement (ISA).

Start repaying after finding a job

Contrary to regular loans, your repayments are made to the Chancen eG community, and they are based on your income. You do not have a fixed amount of debt, but rather a repayment plan that is tailored to suit your individual financial capacity.

Repay based on your income

Repayments only start when you earn above the minimum threshold of 27,000 Euros gross. This ensures that the repayment plan is only activated when you can really afford it.

The repayment stops

The repayment value is capped and reaches a maximum amount. A high income does not mean that the repayments are excessively high.

Application Steps

Let’s take a look at how this option can work for you. This financial aid solution is applicable to Coyotiv’s full-time software engineering course.

  1. Submit your online application to Coyotiv School of Software engineering.
  2. After your interview with Coyotiv, you will be able to apply to CHANCEN eG for the ISA application.
  3. If your interview is successful with CHANCEN eG, you will sign a contract with them.
  4. You’re all set to start your coding journey with Coyotiv!

Please note that you may be eligible for an ISA if you have lived in Germany for at least two years (prior to the start date of your chosen program).

Here are some frequently asked questions:

How long does the whole process take? It usually takes around 3 to 4 weeks.

What is the acceptance rate? Around 90% of the applicants are accepted.

What nationalities are eligible for receiving CHANCEN eG’s financial support? See CHANCEN eG’s website for the updated list of supported nationalities.

Is there an age limit? There is an age limit of 45 years.

What is the duration of repayment period? The repayment period is 5 years, however it is possible take a break of repayment if you are unable to work, unemployed, on parental leave or etc.

What are the repayment rates? If you start Coyotiv and you already have a university degree: 6.23 % If you start Coyotiv and you do not have a university degree: 7.03 %

The repayments could be tax deductible but this is dependent on the country you are based in. You can find out more from your local tax office.

Get on board with the future of software education!

Coyotiv School of Software Engineering is the next generation, remote software engineering education designed to raise first-class software engineers from scratch. We teach our students the mentality of modern software engineering, so they can be familiar with the latest tools that are in demand in the industry today and be ready to learn the next technology whenever it comes out.

Numerous students changed their lives at the end of an intense 13-week program and graduated as confident software engineers regardless of their background or prior experience with software development.

You may see the course details here.

Got questions? Let’s have a chat!

Keep in mind, one of our team members is always there to answer your questions through text in the live-chat! You can also book a video call with us or just fill out the application form and we will get in touch with you. .