Freedom Through Solidarity

Income Share Agreement

With an Income Share Agreement, you can focus on your Bootcamp at Coyotiv, 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 establish your own startup, you start making income-based repayments to finance the tuition 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

ISA's for your preferred course at Coyotiv

The Income Share Agreement (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

Coyotiv voices about the ISA

  • Armagan Amcalar

    Armagan Amcalar

    Founder & Managing Director of Coyotiv

    “At Coyotiv School of Software Engineering, our promise to students goes beyond a job title: We want them to be part of a brighter future, where an inclusive culture sets new standards for our industry. The only way we can raise first-class engineers who’ll become industry leaders is by empowering them with a first-class education. That is why we regularly give out diversity scholarships and try to level the playing field. Now with CHANCEN eG, we are thrilled to extend this opportunity to a wider audience.”

An Overview of our Financial Support

During your Bootcamp, 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, 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%.

 

BootcampTuition FeesRepayment PeriodIncome Share (with university degree)Income Share (without university degree)
Full Stack Software Engineering Program - remote8,000 Euro57.97 %8.21 %

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 Coyotiv 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 Coyotiv. 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 Coyotiv, 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 Coyotiv. 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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