This is why we offer you a fair and income-based financial solution for the clinical internship part of your medical studies at LSMU. You only make repayments when you can afford it: after your studies and dependent on your income.
With an Income Share Agreement, you can focus on your clinical internship, as CHANCEN eG pays 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 and you earn above the minimum income threshold, you start making income-based repayments.
Income Share Agreements ensure equal access to education with a fair financial solution, irrespective of your current financial status.
CHANCEN eG makes it possible for you to study medicine as you wish. 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 medicine as you wish. 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.
In the clinical part of your studies, we pay up to 55,000 Euro of your tuition fees. If you apply for funding from semester 1, we can pay up to 58,000 Euro of your fees. When you graduate, income contingent repayments are made to CHANCEN eG over a 8, 10 or 12 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%.
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 |
|---|---|---|---|---|
| Human medicine at LSMU starting from Semester 1 | 10 | up to 38,500 Euro | 8 | 15% |
| Human medicine at LSMU starting from Semester 1 | 10 | up to 45,500 Euro | 10 | 15% |
| Human medicine at LSMU starting from Semester 1 | 10 | up to 52,000 Euro | 12 | 15% |
| Human medicine at LSMU starting from the clinical part | 6 | up to 40,500 Euro | 8 | 15% |
| Human medicine at LSMU starting from the clinical part | 6 | up to 48,000 Euro | 10 | 15% |
| Human medicine at LSMU starting from the clinical part | 6 | up to 55,000 Euro | 12 | 15% |
| Dentistry at LSMU starting from Semester 1 | 10 | up to 29,500 Euro | 8 | 15% |
| Dentistry at LSMU starting from the clinical part | 10 | up to 35,000 Euro | 10 | 15% |
| Dentistry at LSMU starting from the clinical part | 10 | up to 40,000 Euro | 12 | 15% |
The first step is your decision to do your medical degree at LSMU. To finance up to 50,000 euros of your fees, you can apply to CHANCEN eG.
You can submit your application via the website. 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.
CHANCEN eG will cover up to 50,000 Euro of your tuition fees, so you can fully focus on your studies.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, 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 education with 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.