Freedom Through Solidarity

Income Share Agreement

With an Income Share Agreement, you can focus on your studies at CODE. CHANCEN eG will pay your tuition fees, in exchange, you commit to supporting future generations with the same opportunity. Once you earn above the minimum income threshold (e.g. through your work as a Software Developer, Software Engineer or UX Designer) you start making income-based repayments.

Important to know: Before you submit your application to CHANCEN eG, you must apply for CODE university. Simply indicate your interest in the ISA during your application to CODE. CHANCEN will then be part of your CODE Admission Day to answer any questions. After successful admission to CODE, you will be guided to the next step with CHANCEN eG to sign and finalize your contract.

A Fair Financial Solution Where Repayments Are Based on Your Income

ISA for your preferred degree at CODE

The Income Share Agreement 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 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.

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 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.

An Overview of our Financial Support

During your studies, we take care of your tuition fees either partially (50%) or completely. When you graduate, income-based repayments are made to CHANCEN eG over a 10  year period. Should your annual income be less than 27,000 Euros Gross, repayments are not required. Your repayment period is shifted to a time when you earn above the minimum income threshold.

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
BSc Software Engineering - 100% Funding 6 38,000 Euro 10 13,5 %
BSc Software Engineering - 50% Funding 6 19,000 Euro 10 6,75 %
BA Interaction Design - 100% Funding 6 38,000 Euro 10 13,5 %
BA Interaction Design - 50% Funding 6 19,000 Euro 10 6,75 %
BA Product Management - 100% Funding 6 38,000 Euro 10 13,5%
BA Product Management - 50% Funding 6 19,000 Euro 10 6,75%

Your ISA

How do ISA's work?

The first step towards your future is the decision to study at CODE. With an ISA you have the freedom to choose your degree, without worrying about the tuition fees.

With your application at CODE, you can apply for an ISA with us by indicating your interest to our colleagues in your application form. You do not need to apply separately with CHANCEN. CHANCEN eG will join your Admission Day at CODE; in which we can get to know each other and establish if the ISA is a suitable fit for you. During the Admission Day and in the interview, you can clarify all your questions regarding the ISA model, the contract and the process from start to finish.

You can completely focus on your studies. With an ISA your tuition fees are paid directly by CHANCEN eG to CODE. 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 startup your own project?

With your first annual income that exceeds 27.000 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 earn above the minimum income threshold again.

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.

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