With an Income Share Agreement, you can focus on your studies at the HKS Ottersberg, while CHANCEN eG takes care of your tuition fees. In exchange, you commit to affording future generations with the same opportunity. Once you are active in the field of social work 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.
Prof. Dr. Ralf Rummel-Suhrcke
Academic University Management of HKS Ottersberg
“With our range of courses we want to show what a future based on solidarity and justice can look like. The Reverse Generation Contract is a young, dynamic financing model that embodies this idea. With Chancen eG, we have found an ideal partner who will accompany the university and the students on their way.”
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, repayments are not required. Your repayment period is shifted to a time 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%.
We only cover the tuition fees. Additional costs such as the semester ticket or the AStA fee must be paid by yourself.
| Course of studies / financing option | semester | tuition fee | repayment years | income share (%) |
|---|---|---|---|---|
| BA Social work | 7 | 20,832 Euro | 10 | 14.82 % |
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.
The first step towards your future is the decision to study at HKS Ottersberg. With the ISA you have the freedom to choose your desired degree.
As soon as you have been accepted for your degree at HKS Ottersberg, 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 an ISA your tuition fees are paid directly by CHANCEN eG to HKS Ottersberg. OOnce 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.
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 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.
Tom Green
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