Freedom Through Solidarity

Income Share Agreement

With an Income Share Agreement, you can focus on your Bootcamp at AW Academy, 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 in a company or found your own startup, you start making income-based repayments to finance the training fees of future generations.

Do you want to finance your tuition fees without fear of inflexible repayments?

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A Fair Financial Solution Where Repayments Are Based on Your Income

An ISA for your preferred course at AW Academy

The Income Share Agreement model (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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Bootcamp

CHANCEN eG makes it possible for you to study as you wish. During your bootcamp, CHANCEN eG pays your tuition fees and you can concentrate fully on your course.

Repayments

After you graduate, you pay back a pre-determined portion of your income to the solidarity community - so, unlike a loan, there is no fixed debt burden.

Income Threshold

Repayment does not begin until you exceed the minimum gross income of 27,000 euros, less income-related expenses. Therefore repayments are only made if you can really afford it.

Capped

At the same time, your contribution is capped and ends automatically when you reach the set maximum limit. Therefore, a high income does not mean an extremely high repayment.

CHANCEN eG makes it possible for you to study as you wish. During your bootcamp, CHANCEN eG pays your tuition fees and you can concentrate fully on your course.

After you graduate, you pay back a pre-determined portion of your income to the solidarity community – so, unlike a loan, there is no fixed debt burden.

Repayment does not begin until you exceed the minimum gross income of 27,000 euros, less income-related expenses. Therefore repayments are only made if you can really afford it.

At the same time, your contribution is capped and ends automatically when you reach the set maximum limit. Therefore, a high income does not mean an extremely high repayment.

Finance your tuition fees fairly and flexibly

Start financing now

AW Academy voices about the ISA

  • Philipp Leipold

    Philipp Leipold

    Managing Director

    “Our educational landscape must become more democratic! Every person (d/f/m) who wants to give their career a new direction should be able to do so, regardless of their previous career and financial background. We are very proud that we have found a fair, sustainable partner in CHANCEN eG, who makes just this economically possible. And at very fair conditions and low risk, because you only pay back when you have found a job. This is precisely what we guarantee in our programs, so what’s stopping you from taking the first step towards a new career?”

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 5 year period. Should your annual income be less than 27,000 euros of relevant income, your repayment is suspended and postponed. The relevant income is the positive income (gross) reduced by income-related expenses. The flat-rate deduction for self-employed persons is 16.4%.

BootcampTuition FeesRepayment YearsIncome Share (with university degree)Income Share (without university degree)
JavaScript (Full Time)7,125 Euro57.09 %7.32 %

General interest rates are changing a lot at the moment due to the central banks’ reaction to inflation. As a result, the costs of CHANCEN eG are also changing significantly. CHANCEN eG may therefore have to change the conditions at short notice.

Would you like to finance your tuition fees at AW Academy through CHANCEN eG?

Start financing now

Your ISA

How does an ISA work?

The first step towards your future is the decision to complete a bootcamp at AW Academy. With the ISA you have the freedom to choose your desired degree, without worrying about the tuition fees.

As soon as you have been accepted for your bootcamp at AW Academy, 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 solidarity community, we will offer you a contract. Please note that we do not require collateral or a guarantor.

You can completely focus on your bootcamp. With an ISA, your tuition fees are paid directly by CHANCEN eG to AW Academy. 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 or do an internship? Learn more about the ISA.

With your first annual income that exceeds 27.000 Euros, 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. Here you can download some repayment examples and learn further about repayment.

Your repayments ensure future generations also have access to fair financing.

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.

Financing of your living expenses

To support you in the best possible way in making sure that you don’t have to worry about your finances during your Bootcamp, we also offer the financing of living expenses.

You can find the general conditions and further information here or simply submit your application via our web form!

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