Money shouldn't stop you from accessing a life-changing education. Code College's Income Share Agreement (ISA) was designed exactly for this — train now, pay back only once you're employed. Here's the story of Xolani, our highest-earning alumnus to date.
Key result: Xolani is Code College's highest-earning alumnus — earning about R2 million a year as a Full-Stack Java Developer at a major South African bank, 10 years after completing the Java Bootcamp.
What Is an Income Share Agreement?
An Income Share Agreement (ISA) is a financial contract where a person agrees to pay a portion of their future income in exchange for training now. Instead of paying upfront fees or fixed interest, you pay a percentage of your income — only once you're employed. If you don't find work, you don't pay.
Xolani's Story
Xolani was a 2014 matriculant who enrolled on our Java Bootcamp in 2015. He had passed matric with a University exemption — his school fees had been paid by his mother's employers while she worked as a domestic worker. He didn't want to pursue university, even with a SASSA loan available.
"He felt it would take too long to start earning, and he was keen to get employed in software development."
Code College offered him the ISA option — study now, pay back when employed. He applied, passed the interview and aptitude test with flying colours, and was offered a place.
Top of the Class, First to Get a Job
As expected, Xolani was one of the top students in his class. He was also one of the first to get a job. He quickly started paying back his studies and stayed involved with Code College as an ambassador, student advisor, and mentor — appearing in some of our videos.
Code College never required repayment during patches of unemployment in his career. They tracked his growth with great interest.
From Six Figures to About R2 Million a Year
Five years after completing the Java Bootcamp, Xolani proudly showed Code College his job contract when he broke through six-figure annual earnings as a Full-Stack Java Developer at a well-known South African bank. Ten years after the bootcamp, he earns about R2 million a year. He is Code College's highest-earning alumnus to date.
How to Apply for the Income Share Agreement
If you have completed Matric with a minimum average across your subjects (Maths is a plus but not a requirement if other subjects were strong):
- Send us your academic results
- We will invite you for an interview and an aptitude test
- Based on the outcome, you may be offered the ISA
We would not offer this agreement if we were not confident you will find employment. If you don't find work, we also lose — and we are in the business of creating win-win solutions.
Read more about Code College's school leavers bootcamp → or contact us to apply for the ISA →