Freedom Through Solidarity

Income Share Agreement

With an Income Share Agreement, you can focus on your studies at the Lancaster University Leipzig, while CHANCEN eG takes care of your tuition fees – partially or in full. In exchange, you commit to affording future generations with the same opportunity. Once you start working and earn above the minimum income threshold, you start making income-based repayments.

 

All applications for an Income Share Agreement at Lancaster University Leipzig are currently paused whilst we update our contract conditions.

Once we have finalised this process, the conditions will be available below and we will again resume accepting applications. Please check back soon for updates.

If you have any direct or urgent queries, please contact us on: application@chancen-eg.de

A Fair Financial Solution Where Repayments Are Based on Your Income

ISA for Lancaster University Leipzig

The Income Share Agreements (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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Study

CHANCEN eG takes care of your tuition fees so you can focus on 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 takes care of your tuition fees so you can focus on 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.

Voices from Lancaster University

  • Dr. Elisabeth Grindel-Denby

    Dr. Elisabeth Grindel-Denby

    Campus Direktorin, Leipzig

    „Lancaster University, which belongs to the Top Ten UK universities, has recently be named ‚International University of the Year‘ by the Times Higher Education. Established as a Branch Campus of Lancaster University, Lancaster University Leipzig offers an amazing opportunity for students to benefit from access to a world-wide network of students and alumni of Lancaster University, as well as individualised social, language and career support, here, in the beautiful city of Leipzig.“

An Overview of our Financial Support

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 an 8 year period. Should your annual income be less than 27,000 euros of relevant income, your repayment is suspended and postponed. The relevant income is the positive income (gross) reduced by income-related expenses. The flat-rate deduction for self-employed persons is 16.4%.

Degree courseTuition Fees
(incl. Campus-Fee)		Income ShareSemesterRepayment
Period in years
BSc (Hons) Software Engineering
28.350 Eurotba6tba
BSc (Hons) Business Management
28.350 Eurotba6tba
BSc (Hons) Computer Science
28.350 Eurotba6tba
BSc (Hons) Accounting and Finance 28.350 Eurotba6tba

Frequently Asked Questions

Unfortunately, we currently cannot support the Foundation Degree (Studienkolleg) in Business or Computer Science at Lancaster University Leipzig. We are currently only supporting the Lancaster Leipzig degrees which are listed above.

 

Your ISA

How does an ISA work?

The first step towards your future is the decision to study at LU. With the ISA you have the freedom to choose your desired degree.

As soon as you have been accepted for your degree at LU, 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 LU. 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.

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.

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