Freedom Through Solidarity

Income Share Agreement

With an Income Share Agreement, you can focus on your Bootcamp at Ironhack, 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 Ironhack

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.

Ironhack voices about the ISA

  • Michael Land

    Michael Land

    General Manager

    „At Ironhack we keep seeing that financial situation is a deciding factor in keeping the door to higher education closed. That has to change. We are happy to have a partner in the Chancen eG that supports this change with their sustainable financing model- the income share agreement. Our graduates usually establish themselves very quickly in the tech industry, and with the fair and income-dependent repayment model they can concentrate fully on their careers- without financial worries.“

Finance your tuition fees fairly and flexibly

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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)
Web Development - Full Time/ Part Time8,000 Euro57.97 %8.21 %
UX/UI Design - Full Time/ Part Time8,000 Euro58.43 %8.63 %
Data Analytics - Full Time/ Part Time8,000 Euro56.55 %7.59 %
Cybersecurity - Full Time/ Part Time 8,500 Euro58.46 %8.73 %

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 Ironhack through CHANCEN eG?

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Your ISA

How does an ISA work?

The first step towards your future is the decision to complete a Bootcamp at Ironhack. 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 Ironhack, 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 Ironhack. 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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