An Overview of all Conditions

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:

  • 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 5-year period.
  • Contract Period: Your repayment is no longer due once the 15-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 your funding.

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.

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The ISA for living expenses during bootcamps is funded by the EU.

Click on the specific bootcamp to see the conditions

Lower End of BandwidthUpper End of BandwidthLower PercentageUpper PercentageContract PeriodYears of Repayment
Live Bootcamp (with university degree)
0€5.000€0,00%4,37%155
5.000€10.000€4,37%8,73%155
10.000€15.000€8,73%13,10%155
15.000€19.000€13,10%14,94%155
Live Bootcamp (without university degree)
0€5.000€0,00%4,94%155
5.000€10.000€4,94%9,88%155
10.000€15.000€9,88%14,83%155
Remote Bootcamp (with university degree)
0€5.000€0,00%4,48%155
5.000€10.000€4,48%8,95%155
10.000€15.000€8,95%13,43%155
15.000€18.000€13,43%14,95%155
Remote Bootcamp (without university degree)
0€5.000€0,00%5,05%155
5.000€10.000€5,05%10,10%155
10.000€15.000€10,10%14,95%155

Lower End of BandwidthUpper End of BandwidthLower PercentageUpper PercentageContract PeriodYears of Repayment
Live Bootcamp (with university degree)
0€5.000€0,00%5,75%155
5.000€10.000€5,75%11,50%155
10.000€14.000€11,50%14,95%155
Live Bootcamp (without university degree)
0€5.000€0,00%6,33%155
5.000€10.000€6,33%12,65%155
10.000€13.000€12,65%14,93%155
Remote Bootcamp (with university degree)
0€5.000€0,00%5,90%155
5.000€10.000€5,90%11,79%155
10.000€14.000€11,79%14,97%155
Remote Bootcamp (without university degree)
0€5.000€0,00%6,47%155
5.000€10.000€6,47%12,94%155
10.000€12.000€12,94%14,88%155

Lower End of BandwidthUpper End of Bandwidth Lower PercentageUpper PercentageContract PeriodYears of Repayment
Live Bootcamp (with university degree)
0€5.000€0,00%4,00%155
5.000€10.000€4,00%8,01%155
10.000€15.000€8,01%12,01%155
15.000€20.000€12,01%14,97%155
Live Bootcamp (without university degree)
0€5.000€0,00%4,58%155
5.000€10.000€4,58%9,16%155
10.000€15.000€9,16%13,73%155
15.000€18.000€13,73%14,92%155
Remote Bootcamp (with university degree)
0€5.000€0,00%4,11%155
5.000€10.000€4,11%8,21%155
10.000€15.000€8,21%12,32%155
15.000€20.000€12,32%14,94%155
Remote Bootcamp (without university degree)
0€5.000€0,00%4,68%155
5.000€10.000€4,68%9,36%155
10.000€15.000€9,36%14,04%155
15.000€18.000€14,04%14,98%155

Lower End of BandwidthUpper End of Bandwidth Lower PercentageUpper PercentageContract PeriodYears of Repayment
Live Bootcamp (with university degree)
0€5.000€0.00%4.24%155
5,000€10.000€4.24%8.49%155
10,000€15.000€8.49%12.73%155
Live Bootcamp (without university degree)
0€5.000€0.00%4.67%155
5,000€10.000€4.67%9.34%155
10,000€15.000€9.34%14.01%155
Remote Bootcamp (with university degree)
0€5.000€0.00%4.24%155
5,000€10.000€4.24%8.49%155
10,000€15.000€8.49%12.73%155
Remote Bootcamp (without university degree)
0€5.000€0.00%4.67%155
5,000€10.000€4.67%9.34%155
10,000€15.000€9.34%14,01%155

Contact

Kyra Gawlista

Student & Alumni Services