An Overview of all Conditions

During your studies, we support you in financing your living expenses. When you graduate, income based repayments are made to CHANCEN eG over a 8 year period. Should your annual income be less than 27,000 Euros, repayments are not required. Your repayment period is shifted to a time when you earn above the minimum income threshold. The relevant income is the positive income (gross) reduced by deducted income-related expenses. The flat-rate deduction for self-employed persons is 16.4%.

Bachelor’s degree

Conditions for students at Universities/Universities of Applied Sciences – Bachelor’s degree

unteres Ende der Bandbreite
oberes Ende der Bandbreite unterer Prozentsatzoberer ProzentsatzLaufzeitRückzahlungs-
jahre
10,000€15,000€6.50 %8.31 %258
15,000€20,000€8.31 %10.13 %258
20,000€25,000€10.13 %11.94 %258
25,000€30,000€11.94 %13.75 %258

 

 

Master’s degree

Conditions for students at Universities/Universities of Applied Sciences – Master’s degree

unteres Ende der Bandbreite
oberes Ende der Bandbreite unterer Prozentsatzoberer ProzentsatzLaufzeitRückzahlungs-
jahre
5,000€10,000€3.00 %4.50 %258
10,000€15,000€4.50 %6.00 %258
15,000€20,000€6.00 %7.50 %258
20,000€25,000€7.50 %9.00 %258
25,000€30,000€9.00 %10.50 %258

 

 

Explanations on the Conditions:

  • Bandwidth: To provide you with as much financial flexibility as possible, we sign a financing contract with you for a bandwidth of 5,000 € instead of a fixed amount. With this bandwidth, you set a minimum amount and a maximum amount that can be financed. You can move flexibly between these two amounts, depending on how your needs develop during your funding.
  • Repayment percentages: Depending on how much money you have used within your bandwidth, your repayment percentage will be adjusted. However, it can never be lower than the percentage related to the lower end of the bandwidth. Therefore, as an example, the highest and the lowest percentage possible in this bandwidth are shown here.
  • Years of repayment: After graduation, depending on your income, you will repay to the CHANCEN eG, altogether over a 8-year period.
  • Contract Period: Your repayment is no longer due once the 25-year term of the ISA is over – regardless of whether your repayment years have already been completed or not. The contract period of the ISA begins with the start of repayment.

 

Your university is not listed in the application form? No problem, an application is still possible! Please send us an email to lebenshaltungskosten@chancen-eg.de. We will then add your university and you can directly proceed with the process.

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Team Living Expenses

Financing of Living Expenses with the Income Share Agreement (ISA)