Enabling you to focus entirely on your education, regardless of your circumstances.

Financial security - adjustable and solidarity-based

With the CHANCEN cooperative, you can finance your living expenses during your studies in a fair and flexible way. During your education, you will receive support of up to 1,000 euros per month. After finishing your education, you enable the next generation to do the same: You pay back a percentage of your income to finance the next generation of students – but only if you have earned a minimum income of at least 27,000 euros (gross) per year.

Contents
Click here for more information on funding during your studies
Click here for more information on funding during your bootcamp

The Income Share Agreement (ISA)

With the Income Share Agreement (ISA), you receive financing from CHANCEN during your education period and pay back a percentage of your salary to the solidarity community depending on your income – but only if you earn above the minimum income threshold.

You can find out more about how the ISA works on our main ISA page.

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Maximum financing amount
You can finance up to a total of 30,000 euros. The minimum financing amount is 5,000 euros.

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Monthly Payouts
You decide the amount you would like to receive up to 1,000 euros per month.

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Study Programmes
Starting in January 2022, we fund students in economics and medicine.

The framework for financing living expenses during your studies

Here you can find the most important information

The minimum amount you can finance as living expenses is 5,000 euros.

 

The maximum amount of funding you can get is 30,000 euros (or less, depending on your field of study).

 

To give you as much financial flexibility as possible, we conclude a financing contract with you for a range of 5,000 euros instead of a fixed amount. With this range, you define 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.

 

You can choose between the following bandwidths:
5,000 – 10,000 euros
10,000 – 15,000 euros
15,000 – 20,000 euros
20,000 – 25,000 euros
25,000 – 30,000 euros

(Depending on the field of study, some bandwidths may not be offered.)

To be eligible for funding, you must meet certain eligibility criteria. You can find a detailed list here.

As the funding of living expenses is still in its early stages, we are unfortunately not able to support all degree programs so far.

At the moment, we can fund students in the following fields of study:

We hope to keep adding to this list, so if your course isn’t listed at the moment, check back in the future to see if something has changed!

There is no minimum time limit for financing your studies. The lower limit is only set by the 5,000 euros minimum financing amount.

 

We will support you in your studies up to your standard period of study plus two semesters; your official semester count is relevant here. You can apply for an additional semester if you will complete your studies in this semester.

 

Of course, semesters off don’t count into your official semester count – but your financing can continue under certain conditions (see information below).

You can get up to 1,000 euros a month for living expenses.

 

In addition, once a year you can receive a payout of 1,500 euros on top – so purchases such as a new laptop or travel expenses for a semester abroad are no problem.

Before the start of each study period (semester/trimester), you can flexibly adjust your monthly payment amount to your needs. You set the payout amount to up to 1,000 euros each month for the next 6 months (semester)/ 4 months (trimester).

Sounds interesting?

Apply NOW via our web form!

You can find all information about the application process on our application page.

Your degree programme is not supported yet? We are constantly working on expanding our offer. If you would like to be informed in the future as soon as funding becomes available for your degree programme, you can register your interest here.

Detailed Information

A more detailed explanation of the ISA for living expenses during your studies

Your living expenses-ISA has a 15-years contract period. During your studies you can completely focus on studying while e we support you with your living expenses.

 

The year after completing your studies the repayment period begins. Within this period you have to actively repay for 8 years (repayment years) in total, but only until the end of your 15-year contract period. However, your actual repayment only starts after you have reached the minimum income threshold. This is reached once your positive income exceeds 27,000 euros/year.

With the Income Share Agreement (ISA), your repayment is completely dependent on your income. After your studies, you pay a percentage of your positive income back to the CHANCEN cooperative.

 

The repayment percentage is fixed in the ISA and depends on your field of study and your financing amount. However, it cannot exceed a maximum of 15%.

 

Your repayment starts on 01 January following your exmatriculation: if you were exmatriculated on 30.09.2050, your repayment period starts on 01.01.2051. Whether you then actually have to repay depends on your income situation.

With CHANCEN eG’s living expenses ISA, you can concentrate fully on your studies. We want you to successfully complete your studies and find a good start to your professional life. To do this, you keep us in the loop and show us each semester that you are actively studying, by providing us with:

  • Each tri-/semester: Transcript of Records
  • Each tri-/semester: Proof of immatriculation
  • If applicable: interim report
  • If required: individual semester report

Within your field of study, you can change your degree course and keep your ISA. However, the classification of a degree course within a field of study must be checked by CHANCEN.

If you want to change to a new field of study, you can submit an application to take the ISA-financing to the new course. In any case, this must be reviewed and approved by CHANCEN. A new financing interview with us may also be necessary.

Following successful approval, we will conclude a new ISA at the conditions of the new study subject. Everything we have already paid out for your previous studies will automatically be transferred to this ISA. In total, the maximum amount of 30,000 euros still applies (e.g.: If you have already received 10,000 euros for the first study, we will still pay out a maximum of 20,000 euros for the second). In addition, your total repayment percentage may never exceed 15%.

You can change universities within your field of study. If you also change the type of educational institution, for example from a university of applied sciences to a university, your repayment conditions may also change. Therefore, this must also be checked and approved by CHANCEN.

Under certain circumstances, your living expense funding may continue during your semester off:

  • If you are required to do a mandatory internship, you can continue to receive funding.
  • If you use a semester off for a voluntary internship or a study abroad, you can also continue to be financed.
  • We fund up to one semester of leave for personal reasons (illness, maternity/paternity leave).

If you take a semester off without a connection to your studies, the payment is paused.

In the event of dropping out, the financing model remains fair: repayment remains income-dependent and is secured by the annual minimum income. The terms of repayment are adjusted to the financing amount that was paid out.

 

Resumption of studies: If you decide to resume your studies after some time, you can of course reapply for funding with us. The funding that was already paid out will then be taken into account in the new ISA (see above at Change of study programme). If you have already repaid in the meantime, this will be credited to you as a credit for later repayment.

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Maximum financing amount
You can finance up to a total of 30,000 euros.

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Monthly Payouts
You decide the amount you would like to receive up to 5,000 euros per month.

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If you’re already financing your tuition fees with CHANCEN, it’s still possible to sign an additional ISA for your living expenses.

The framework for financing living expenses during your bootcamp

Here you can find the most important information

The minimum amount you can finance as living expenses is 2,500 euros.

 

The maximum amount of funding you can get is 30,000 euros (incl. your bootcamp fees).

 

To give you as much financial flexibility as possible, we conclude a financing contract with you for a range of 5,000 euros instead of a fixed amount. With this range, you define 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.

 

You can choose between the following bandwidths:
Up to 5,000 euros
5,000 – 10,000 euros
10,000 – 15,000 euros
15,000 – 20,000 euros
20,000 – 25,000 euros
25,000 – 30,000 euros

An application is possible for German citizens, Bildungsinländer*innen (persons without German citizenship who have a German school leaving certificate – with the exception of Studienkolleg), as well as EU citizens.

Information on partner bootcamps can be found here.

There is no minimum time limit for funding. We fund living expenses for the length of the bootcamp.

You can get up to 5,000 euros a month for living expenses.

You can flexibly adjust your monthly payment amount to your needs at regular time intervals. You determine the monthly amount you would like to receive for living expenses for the next few months.

Sounds interesting?

Apply NOW via our web form!

You can find all information about the application process on our application page.

Alternatives for financing your living expenses

Here you can find an overview of other ways to finance your living expenses

We really want you to choose the best financing option for your individual situation. To help you navigate through the many options and make an informed decision, we have created an overview of alternative financing options with requirements, advantages and disadvantages.

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Contact

Team Living Expenses

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