With the Income Share Agreement, you can focus on your studies at the Brandenberg Medical School, while Chancen eG takes care of 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 or psychologist and earn above the minimum income threshold, you start making income-based repayments.
The Income Share Agreements (ISA) ensures equal access to education with a fair financial solution, irrespective of your current financial status.
CHANCEN eG makes it possible for you to study as you wish. During your studies, CHANCEN eG pays your tuition fees and you can concentrate fully on your education.
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.
CHANCEN eG makes it possible for you to study as you wish. During your studies, CHANCEN eG pays your tuition fees and you can concentrate fully on your education.
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.
Jennifer Girke
Medical Student
I opted for the Income Share Agreement because it grants me the freedom to pursue my individual education and career path; during my studies as well as afterwards. The actual repayment sum depends on my future income and thus on what I can really afford. Should I earn a lot in the future then my repayments are higher, should I earn less, then the repayment adjusts. This income-based repayment model involves no risk for me and is therefore a fair financial model.
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 an 8, 10 or 12 year period. Should your annual income be less than 27,000 Euros, repayments are not required. Your repayment is then shifted to a period 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%.
Unfortunately, we no longer support the Bachelor Program in Psychology.
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.
|
Course / Financing option |
Semester | Tuition fees | repayment period | Income share |
|---|---|---|---|---|
| Medicine Degree – 38,500 Euro Financing | 12 | 38,500 Euro | 8 | 15 % |
| Medicine Degree – 45,500 Euro Financing | 12 | 45,500 Euro | 10 | 15 % |
| Medicine Degree – 52,000 Euro Financing | 12 | 52,000 Euro | 12 | 15 % |
| MSc Clinical Psychology and Psychotherapy - 100% funding | 4 | 19,920 Euro | 8 | 13% |
Have you already financed your BSc. Psychology through CHANCEN eG?
Exclusively for students who have financed their bachelor’s degree in Psychology at the MHB before the winter semester 2020 completely or partially with the ISA from CHANCEN eG, the following conditions apply for financing the Master’s degree at the MHB):
|
Course / Financing option |
Semester | Tuition fees | repayment period | Income share |
|---|---|---|---|---|
| MSc Clinical Psychology and Psychotherapy - 50% funding (with 100% Bachelor funding) | 4 | 9,960 Euro | 10 | 5.3% |
In case the total of your study fees exceeds our maximum funding sum, we will pay every second/third semester and you will take over the payment of the remaining semesters.
You can find more information on financing options for the remaining study fees (above the maximum amount CHANCEN eG can take over) here:
The first step towards your future is the decision to study at MHB. With the ISA you have the freedom to choose your desired degree. For the Psychology degree, CHANCEN eG covers full tuition fees. For the Medicine degree, we cover the portion of fees that your clinic does not pay.
As soon as you have been accepted at MHB, 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 online. 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 MHB. 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? Learn more about the ISA.
As soon as your annual income 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 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.