Here you can get an overview of the conditions of an ISA for financing your living expenses during your Bootcamp.
During your Bootcamp, we support you in financing your living expenses. After your Bootcamp, income based repayments are made to CHANCEN eG over a 5 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 income-related expenses. The flat-rate deduction for self-employed persons is 16.4%.
Explanations on the Conditions:
Please note: If you already have an ISA for your bootcamp fees with us, the total repayment percentage (i.e. both UGVs added together) must not exceed 15%! Therefore, the upper end of the bandwidth of your Living Expenses ISA will be adjusted so that it does not exceed 15% in total.
The ISA for living expenses during bootcamps is funded by the EU.
Lower End of Bandwidth | Upper End of Bandwidth | Lower Percentage | Upper Percentage | Contract Period | Years of Repayment |
---|---|---|---|---|---|
Bootcamp (with university degree) | |||||
0€ | 5,000€ | 0.00% | 4.98% | 15 | 5 |
5,000€ | 10,000€ | 4,98% | 9.95% | 15 | 5 |
10,000€ | 15,000€ | 9.95% | 14.93% | 15 | 5 |
Bootcamp (without university degree) | |||||
0€ | 5,000€ | 0.00% | 5.14% | 15 | 5 |
5,000€ | 10,000€ | 5.14% | 10.27% | 15 | 5 |
10,000€ | 14,500€ | 10.27% | 14.90% | 15 | 5 |
Lower End of Bandwidth | Upper End of Bandwidth | Lower Percentage | Upper Percentage | Contract Period | Years of Repayment |
---|---|---|---|---|---|
Bootcamp (with university degree) | |||||
0€ | 5,000€ | 0.00% | 5.27% | 15 | 5 |
5,000€ | 10,000€ | 5.27% | 10.54% | 15 | 5 |
10,000€ | 14,000€ | 10.54% | 14.75% | 15 | 5 |
Bootcamp (without university degree) | |||||
0€ | 5,000€ | 0.00% | 5.39% | 15 | 5 |
5,000€ | 10,000€ | 5.39% | 10.79% | 15 | 5 |
10,000€ | 13,500€ | 10.79% | 14.56% | 15 | 5 |
Lower End of Bandwidth | Upper End of Bandwidth | Lower Percentage | Upper Percentage | Contract Period | Years of Repayment |
---|---|---|---|---|---|
Bootcamp (with university degree) | |||||
0 € | 5,000 € | 0.00 % | 4.09 % | 15 | 5 |
5,000 € | 10,000 € | 4.09 % | 8.19 % | 15 | 5 |
10,000 € | 15,000 € | 8.19 % | 12.28 % | 15 | 5 |
15,000 € | 18,000 € | 12.28 % | 14.74 % | 15 | 5 |
Bootcamp (without university degree) | |||||
0 € | 5,000 € | 0.00 % | 4.74 % | 15 | 5 |
5,000 € | 10,000 € | 4.74 % | 9.49 % | 15 | 5 |
10,000 € | 15,000 € | 9.49 % | 14.23 % | 15 | 5 |
Lower End of Bandwidth | Upper End of Bandwidth | Lower Percentage | Upper Percentage | Contract Period | Years of Repayment |
---|---|---|---|---|---|
Bootcamp (with university degree) | |||||
0 € | 5,000 € | 0.00 % | 6.23 % | 15 | 5 |
5,000 € | 10,000 € | 6.23 % | 12.47 % | 15 | 5 |
10,000 € | 15,000 € | 12.47 % | 14.96 % | 15 | 5 |
Bootcamp (without university degree) | |||||
0 € | 5,000 € | 0.00 % | 6.87 % | 15 | 5 |
5,000 € | 10,000 € | 6.87 % | 13.74 % | 15 | 5 |
Lower End of Bandwidth | Upper End of Bandwidth | Lower Percentage | Upper Percentage | Contract Period | Years of Repayment |
---|---|---|---|---|---|
Bootcamp (with university degree) | |||||
0€ | 5,000€ | 0.00% | 4.98% | 15 | 5 |
5,000€ | 10,000€ | 4,98% | 9.95% | 15 | 5 |
10,000€ | 15,000€ | 9.95% | 14.93% | 15 | 5 |
Bootcamp (without university degree) | |||||
0€ | 5,000€ | 0.00% | 5.14% | 15 | 5 |
5,000€ | 10,000€ | 5.14% | 10.27% | 15 | 5 |
10,000€ | 14,500€ | 10.27% | 14.90% | 15 | 5 |
Kyra Gawlista
Student & Alumni Services