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How Codeva Income Sharing Agreement Works

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How ISAs Work

Enroll in Galvanize's Bootcamp and Apply for an Income Share Agreement


Enroll & Apply

Apply to a bootcamp, talk to your Enrollment Advisor, and get accepted. Once you receive and complete your ISA application, submit a 5 juta rupiah deposit and begin your bootcamp risk free!

With Galvanize ISAs, pay tuition after you go to school and get a job.


Study & Search

Learn from the best, make lifelong friends during your bootcamp experience, and perform your job search confidently with the support of our career services team.

Our ISAs allow you to pay tuition after you get a job making at least $50k/year.


Get Employed & Pay it Back

Once you earn a job making an equivalent salary of 108 juta rupiah a year, begin paying back the remainder of your tuition. Even if you get a well-paying job, payments won’t start until three months after exiting the program!

Why We Offer ISAs

 

More Accessibility
ISAs allow us to offer our program to a greater number of students who need financial alternatives.


More Diverse Classroom

By removing a hurdle of affordability, we can focus on getting the best and brightest students from an even wider variety of backgrounds.


More Confidence

We have nothing but confidence in our students and our program, which is why we allow students to pay tuition after they find a job making a comfortable salary.

Why us Codeva ISA?

Income Share Agreements (ISAs) are a form of deferred tuition, allowing students to focus on learning — and not on financing.  With an ISA, following an initial deposit, you pay nothing toward your tuition until after you’ve left the program and are earning at least the minimum income threshold — regardless of job type or industry.

When you’re ready to get started, all we need is a deposit to secure your seat before class.


Tuition Payment Cap

With Codeva School, you’ll never pay more than 1.5x the ISA portion of the tuition amount (plus the deposit, which varies by course) in connection with our ISA.


Learn First, Pay After You’re Earning

All that is required is a refundable* deposit before class to lock in your seat. After that, you don’t pay a dime until you meet the minimum income.



Robust Career Services

Our Career Services team has a proven track record helping students get jobs. You’ll work 1:1 with a dedicated Career Coach on employer networking, résumé review, and interview prep.


How it works: 4 steps

Income Share Agreements (ISAs) are a form of deferred tuition, allowing students to focus on learning — and not on financing.  With an ISA, following an initial deposit, you pay nothing toward your tuition until after you’ve left the program and are earning at least the minimum income threshold — regardless of job type or industry.

When you’re ready to get started, all we need is a deposit to secure your seat before class.

Step 1 → Deposit Before Class

Secure your seat in class with your deposit. If you don’t get a job offer within six months of graduation and you comply with all of the terms of our Money-Back Guarantee (see those terms here), you get it back.

Step 2 → Learn and Graduate

In every course we offer, Codeva School’s cutting-edge curriculum teaches you the skills you need to launch a career in tech.

Step 3 → Get That Job

Work one-on-one with a dedicated career coach to find a job that’s right for you. If you’re making at least the minimum income threshold (9 juta / month gross income per month, equivalent to 108 juta rupiah per year), your monthly payments will be 25% of your monthly gross income. Our Career Services team is here to support you with a robust employer pipeline, resume review, interview prep, and even salary negotiation.

Step 4 → Start Paying Back Tuition

Once you’re making at least the minimum income threshold, make monthly payments equal to 25% of your gross monthly income until you reach the ISA payment cap, make 12 payments, or one year have passed since the end of your grace period. Whichever comes first.

Terms & FAQs

Codeva Income Share Agreement (ISA) aligns tuition payments with post-program income. You’ll make an initial payment upon enrolling at Codeva and agree to pay 25% of your monthly gross income once you leave Codeva and are earning at least 9 9 juta/month (equivalent to 108 juta/year). Following a grace period, you’ll make a maximum of up to 12 monthly payments  – but only when you’re earning at least the minimum income threshold. If you’re not earning at least the minimum income threshold, you’re not paying.


What’s the Codeva ISA?

The Codeva ISA is an income share agreement (ISA): a deferred tuition for qualifying students in which an amount is credited towards the student’s tuition in exchange for the student paying an agreed upon percentage of post-program income over a defined period of time. This does not remove the financial obligation of tuition, but rather ties it to post-program income once a student meets the minimum monthly income threshold.


Why are you offering this program?

Our goal in offering ISAs is to align education expenses with post-program income and to give students of all backgrounds the opportunity to attend Codeva, without worrying about income restrictions. Lastly, we want students to be able to focus on learning during their time at Codeva. This is us investing in your success.

We know every student’s situation is unique, which is why giving students a variety of options to pay for their education is our priority. In addition to the new Codeva ISA, we also offer student financing through Skills Fund and Climb, as well as numerous scholarships based on need, merit, and in support of increasing diversity in tech.


Who’s eligible?

The Codeva ISA is currently available to students attending our on-campus career courses in the select cities above, with more courses and locations to come. Additional eligibility requirements include being a Indonesia citizen or permanent resident and being 18 years or older. Schedule a Q&A with our Admissions team to get more information on ISA eligibility.


How do payments work?

  • Students make an initial down payment upon enrolling in Codeva, which vary by course.
  • All students receive a grace period after leaving Codeva when no payments will be required.
  • After the grace period ends, students will pay 25% of their monthly gross income if the student is earning a monthly gross income of at least 9 juta rupiah (equivalent to 108 juta/year). Students will receive a monthly bill for this amount, and they can make their payments online, over the phone, or via mail.
  • Following the grace period, students have up to make the 12 required monthly payments. You won’t make a payment beyond the upfront payment unless you’re making at least 9 juta per month in gross income (equivalent to 108 juta per year). Students’ ISA balance is waived after 1 years if they did not earn at least the minimum monthly income threshold and therefore were not required to make 12 required payments. Payments are not required during months when students’ income is below the minimum income threshold.
  • There is a 1.5x payment cap, meaning students will never pay more than 1.5 times the Tuition Credit Amount under the ISA (plus the initial payment).

What happens if I withdraw from my Codeva program?

If you withdraw from the program, you are still responsible for your ISA payments. You may be eligible for a refund under Codeva refund policy – if you receive a refund, we will reduce your total ISA amount by the refund amount and lower your payment cap to match, but the percentage of income that you’re required to pay if your monthly income meets the minimum threshold will remain at 25%.

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