“We want you to become a doctor, irrespective of what your parents earn.”

Income Share Agreements

That is why we offer you a fair and income-based financial solution for the clinical internship part of your medicine studies in other EU countries. You only make repayments when you can afford it: after your studies and dependent on your income.

With an Income Share Agreement, you can focus on your clinical internship, as CHANCEN eG pays your tuition fees – partially or in full. In exchange, you commit to affording future generations with the same opportunity. Once you start working as a Doctor and you earn above the minimum income threshold, you start making income based repayments.

A fair financial solution where repayments are based on your income

ISA's for your medicine degree in the EU

Income Share Agreements ensure equal access to education with a fair financial solution, irrespective of your current financial status.

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Study without financial stress
Protection with the minimum income threshold
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Capped Rates
Individual repayment structures
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Study

During the clinical internship for your medical studies, CHANCEN eG pays a portion of your tuition fees so you can focus on your studies

Repayments

Contrary to regular loans, your repayments are made to the Chancen eG community and they are income contingent. You do not have a fixed amount of debt, but rather a repayment plan that is tailored to suit your individual financial capacity.

Repayments

Repayments only start when you earn above the minimum threshold of 21.000 Euros Net. This ensures that the repayment plan is only activated when you can really afford it.

Capped

The repayment value is capped and reaches a maximum amount. A high income does not mean that the repayments are excessively high.

During the clinical internship for your medical studies, CHANCEN eG pays a portion of your tuition fees so you can focus on your studies

Contrary to regular loans, your repayments are made to the Chancen eG community and they are income contingent. You do not have a fixed amount of debt, but rather a repayment plan that is tailored to suit your individual financial capacity.

Repayments only start when you earn above the minimum threshold of 21.000 Euros Net. This ensures that the repayment plan is only activated when you can really afford it.

The repayment value is capped and reaches a maximum amount. A high income does not mean that the repayments are excessively high.

What students say about ISA's

  • Sophie Sandner

    Sophie Sandner

    Medicine Student


    From personal experience in my midwifery training, different internships and interaction with friends and acquaintances; I understand the full extent of the lack of doctors in Brandenberg. As a future doctor, I would like to contribute to the solution of this problem. My medicine studies are made possible through Income Share Agreements. The income-based repayments are not only extremely fair but by supporting future students I act in solidarity. It just feels right to not to be dependent on a bank loan after graduation. I think this influences family planning as well as life quality as a young doctor.

  • Jennifer Girke

    Jennifer Girke

    Medicine Student


    I opted for an Income Share Agreement because it gives me freedom; during my studies, in the opportunities that I will have to further my education and in shaping my career. The actual repayment amount is dependent on my future income and what I can really afford. Should I earn a lot in the future then my repayments are higher, on the other hand, should I earn less then I pay back less. This income-based repayment model has no risk for me. From my point of view, this is a fair financial model.

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AN OVERVIEW OF OUR FINANCIAL SUPPORT

During your studies, we pay up to 34.000 Euro of your tuition fees. When you graduate, income contingent repayments are made to CHANCEN eG over a 10 year period. Should your annual income be less than 21,000 Euros, repayments are not required. Your repayment period is shifted to a time when you earn above the minimum income threshold. Income is calculated after standard deductions of 21.3 % for employees and 37.3% for freelancers

Course /
Financing option
Semester Tuition fees repayment period Income share
Medicine Degree 6 34.000 Euro 10 10%

YOUR ISA

HOW DO ISA'S WORK?

The first step is your decision to do your medical degree in an EU country. Once you have completed the pre-clinic phase of your studies you start looking for a fair financial solution to finance you clinical residency. With an ISA you can focus on furthering your studies as a doctor.

Once you have completed your pre-clinic studies and you have a place for your residency, you can simply apply for support from CHANCEN eG. Complete the application form and select a date for your interview. Should you be a suitable member for our community we will offer you a contract. Please note you do not require collateral or surety.

CHANCEN eG will cover up to 34.000 Euro of your tuition fees, so you can fully focus on your studies. Once you have graduated you can take your time in deciding what the next steps on your career path will be. Maybe you would like to travel, do an internship or specialise as a doctor?

As soon as your annual income exceeds 21.000 Euros you start repayments to CHANCEN eG, a fixed percentage of your total income. To calculate your individual annual repayments, your annual tax return statements are disclosed to us. Should you take a sabbatical or choose to study further your repayments are put on hold until you can afford to pay them again.

Your repayments ensure future generations also have access to education with this fair financial model.

Your repayments are discontinued once you have reached the end of the repayment period, irrespective of the sum of money you have paid back. You are welcome to continue being a member of CHANCEN eG and engage in educational funding opportunities for future generations.

Contact

If you have Questions or Feedback, let us know!