Freedom Through Solidarity

Income Share Agreement

With the Income Share Agreement, you can focus on your studies at The Akkon University of Human Sciences while CHANCEN eG takes care of your tuition fees. In exchange, you commit to affording future generations with the same opportunity. Once you start working and 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 Akkon University

The Income Share Agreements (ISA) ensures 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

CHANCEN eG takes care 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 based on your income. You do not have a fixed amount of debt, but rather a repayment plan that is tailored to suit your individual financial capacity.

Income Threshold

Repayments only start when you earn above the minimum threshold of 27.000 Euros Gross, reduced by advertising costs. 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.

CHANCEN eG takes care 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 based on your income. 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 27.000 Euros Gross, reduced by advertising costs. 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.

Voices from Akkon

  • Prof. Dr. Georg Hellmann

    Prof. Dr. Georg Hellmann


    “It is important for us to open up the freedom of an unencumbered and independent study completely according to the individual talent with the reversed generational contract. Our graduates* should be able to get involved in their profession without having to worry about money”.

An Overview of our Financial Support

During your studies, we take care of your tuition fees, partially or completely. 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 less advertising costs. Your repayment is then shifted to a period when you earn above the minimum income threshold. The relevant income is defined by the sum of positive income (gross) reduced by advertising costs. For selfemployed persons, the flat-rate deduction is 16.4%.

ProgramSemesterTuition FeesRepayment Period in yearsIncome Share
Department of Education and Social Affairs
B.A. Pedagogy in health care - part-time719.578 Euro813,28%
B.A. Social work - focus on migration and flight Fulltime615.024 Euro 813,06%
Department of health care and medicine
B.A. Health care management (part-time)tba8tba
B.Sc Extended clinical care (part time)616.824 Euro 810,22%
Department of Civil Protection and Humanitarian Aid
B.A. International emergency and catastrophe management - full-time618.624 Euro813,75%
B.Sc. Security management
Rescue service management
- on the job -
616.824 Euro 89,71%
Catastrophe management
- on the job -
820.412 Euro 813,79%
Rescue service & disaster management - on the job -820.412 Euro 813,79%

Your ISA

How do ISA's work?

The first step towards your future is the decision to study at Akkon University. With the ISA you have the freedom to choose your desired degree.

As soon as you have applied at Akkon University, you can simply apply for support from CHANCEN eG. Complete the application form and select a date for your interview. We will arrange the interview either at Akkon University or in our offices. Should you be a suitable member for our community we will offer you a contract. Please note you do not require collateral or surety.

You can completely focus on your studies. With the ISA your tuition fees are paid directly by CHANCEN eG to the Akkon University. 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 start a masters program?

As soon as your annual income exceeds 27.000 Euros (reduced by advertising costs.) you start repayments to CHANCEN eG, set at 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 that future generations also have access to education using 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

Nathalie Hubschneider

Student & Alumni Services