Student Loans and Study Financing at Code College
Funding Your Studies – With Help from Student Hero
We know that paying for studies can be tough. That’s why Code College has partnered with Student Hero, South Africa’s biggest student finance support service.
Student Hero helps students learn about, apply for, and compare loan options from top banks and other funders — all in one place, and it’s completely free.
Click on the image to connect with Student Hero
What Is a Student Loan?
A student loan helps you cover your tuition and study-related expenses so you can focus on learning. You can repay your loan gradually after completing your course — often only once you start working.Student Hero helps students compare loan options from top banks and private funders in South Africa — all in one place, completely free.
How Student Loans Work
- Apply online through Student Hero — complete a quick form and get matched with approved funders.
- Choose your loan option — Student Hero compares offers from major banks and lenders.
- Get approval — once your loan is approved, payment is made directly to Code College.
- Start studying! You can focus on your software development training while your financing is in place.
Example Student Loan With Monthly Payments
In terms of affordability, the customer has to earn from R7500 per month and above, we aren't able to give an exact estimate of what their installments would be due to their additional expenses.Please see the below table which is calculated at prime interest rate of 11.75%
Please note the bootcamp prices are for illustration only and may be outdated. To get the current pricing, please look at each course page.
| Term | Web progBootcamp (25 000) | Web Dev Bootcamp (50 000) | Java Bootcamp (R100 000) | Projection (R150 000) |
|---|---|---|---|---|
| 84 months | R485.00 | R970.00 | R1842,09 | R2718,05 |
| 78 months | R505,45 | R1010,87 | R1930,54 | R2850,20 |
| 72 months | R531,74 | R1063,47 | R2034,49 | R3005,51 |
| 66 months | R563,03 | R1126,06 | R2158,18 | R3190,31 |
| 60 months | R600,81 | R1201,62 | R2307,54 | R3413,46 |
| 54 months | R647,25 | R1294,51 | R2491,12 | R3687,74 |
| 48 months | R705,60 | R1411,21 | R2721,78 | R4032,34 |
| 42 months | R780,97 | R1561,94 | R3019,68 | R4477,42 |
| 36 months | R881,85 | R1763,71 | R3418,47 | R5073,22 |
Click on the image to connect with Student Hero
Who Can Apply for a Student Loan
You may qualify for a study loan if you:- Are a South African citizen or permanent resident
- Have an ID document and proof of registration or acceptance from Code College
- Can provide a guarantor or sponsor (in some cases)
- Meet the credit requirements of the lending institution
How to Apply for a Student Loan
You may qualify for a study loan if you:- Visit Student Hero Link Above
- Complete the quick online form
- Select Code College as your educational institution and your preferred coding bootcamp
- Compare loan options and submit your application
- Receive your approval and begin your course
Click on the image to connect with Student Hero
Study Now, Pay Later – Income Share Agreement (ISA)
- Freshly Qualified (in the previous calendar year) Matriculants: Above average academic results (with pure maths) and a pass in our aptitude test
- We do accept your matric 3rd term (2024) interim results, to apply for the January 2025 intake
- Freshly Qualified (in the previous calendar year) Tertiary Qualification (Degree / NDipl etc)? : You automatically qualify for the ISA
- Be unemployed - proof required
- Have no sponsor - proof required
- May not study anything else in parallel, the only focus is the Coding Bootcamp you selected
- Stable internet connection with router UPS. Even if you attend physical classes, you must have a stable internet connection at home
- Laptop equivalent to Intel i5 with 8 Gb RAM
- Extension monitor
The income share agreements are limited and subject to availablity. The income share agreement's total starting amount will start at R150 000 (12 month bootcamp) and R75 000 for the (6 month bootcamp) due to the payment term starting only after employment.
How to Apply for an Income Share Agreement
On our normal Coding Bootcamp Application Form is a tick box where you can indicate you are applying for an ISAISA Apply
Frequently Asked Questions
If you're unemployed, Code College offers an Income Share Agreement (ISA), where you only start paying back once you're employed. To qualify, you'll need to be a freshly qualified matriculant with above-average academic results, or have a tertiary qualification. You must also pass our aptitude test and provide proof of unemployment. Alternatively, once employed, you can explore traditional student loans through our partner Student Hero, South Africa's biggest student finance support service, which connects you with top banks and other funders.
Monthly payments depend on the bootcamp you choose and the loan term. For example, at our prime interest rate of 11.75%, here's what you might pay:Web Programming Bootcamp (R25,000): From R485/month (84 months) to R881.85/month (36 months)
Web Dev Bootcamp (R50,000): From R970/month (84 months) to R1,763.71/month (36 months)
Java Bootcamp (R100,000): From R1,842.09/month (84 months) to R3,418.47/month (36 months)
FictitiousBootcamp (R150,000): From R2,718.05/month (84 months) to R5,073.22/month (36 months)Keep in mind, you'll need to earn at least R7,500 per month to qualify. Contact us for a personalized quote based on your situation.
For Student Hero loans:Earn a minimum of R7,500 per month
Have a good credit record
Be able to provide proof of incomeFor Income Share Agreements (free to study):Be a freshly qualified matriculant with above-average results and with pure Maths (or have a tertiary qualification)
Pass our coding aptitude test
Provide proof of unemployment
Have no current sponsor
Not be studying anything else in parallel
Have a stable internet connection with router UPS
Own a laptop equivalent to Intel i5 with 8GB RAM
Have an extension monitor
No, Student Hero is not a bank. It’s a free platform that connects students with trusted funders and banks in South Africa.
Currently, most loans are available to South African citizens and permanent residents only. The only payment distribution option for non-residents are as follows:
Full-Time
Full-Time
- Web Programming Bootcamp (3 months) : R10 000 per month for 3 months = R30 000
- Web Developer Bootcamp (6 months) : R11 000 per month for 6 months = R66 000
- Java Bootcamp (12 months) : R10 000 per month for 12 months = R120 000
- Web Programming Bootcamp (6 months) : R5 000 per month for 6 months = R30 000
- Web Developer Bootcamp (12 months) : R5 500 per month for 12 months = R66 000
- Java Bootcamp (24 months) : R5 500 per month for 24 months = R132 000
An Income Share Agreement (ISA) is a flexible financing option where you don't pay upfront or during your studies. Instead, you start repaying once you're employed. With Code College, ISAs start at R75,000 for our 6-month bootcamp or R140,000 for the 12-month bootcamp. This is ideal for fresh matriculants and tertiary graduates who are currently unemployed. The ISA is completely free to apply for and removes financial barriers to learning to code.
Yes! Fresh matriculants can access student financing. If you have above-average academic results and pass our aptitude test, you can qualify for an Income Share Agreement and study for free. We also accept your matric 3rd term interim results for our January 2025 intake. Alternatively, you can explore traditional student loans through our partner Student Hero, South Africa's biggest student finance support service, which connects you with top banks and other funders—all for free.
If you don't qualify for traditional bank loans through Student Hero, our Income Share Agreement is a great alternative, especially if you're unemployed and recently graduated. With an ISA, there are no credit checks or upfront payments—you only repay once you're employed. Apply now, and one of our representatives will contact you to discuss whether the ISA is the right option for your situation.
Loan approvals can take anywhere from 2 to 7 business days, depending on the lender and documentation provided.
Some funding partners do offer loans without a guarantor, especially for employed students or those with existing income.