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.

A Fair Financial Solution Where Repayments Are Based on Your Income

ISA for your preferred degree at 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.

Repayments

Contrary to regular loans, your repayments are made to the CHANCEN eG community and they are based on your income. You do not have a fixed amount of debt, but rather a repayment plan that is tailored to suit your individual financial capacity.

Income Threshold

Repayments only start when you earn above the minimum threshold of 27.000 Euros gross. This ensures that the repayment plan is only activated when you can really afford it.

Capped

The repayment value is capped and reaches a maximum amount. A high income does not mean that the repayments are excessively high.

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

Contrary to regular loans, your repayments are made to the CHANCEN eG community and they are based on your income. You do not have a fixed amount of debt, but rather a repayment plan that is tailored to suit your individual financial capacity.

Repayments only start when you earn above the minimum threshold of 27.000 Euros gross. This ensures that the repayment plan is only activated when you can really afford it.

The repayment value is capped and reaches a maximum amount. A high income does not mean that the repayments are excessively high.

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
27.000 Euro12,4%68
BSc (Hons) Business Management
27.000 Euro13,0%68
BSc (Hons) Computer Science
27.000 Euro12,4%68
BSc (Hons) Accounting and Finance 27.000 Euro13,5%68

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, without worrying about the tuition fees.

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. Should you be a suitable member for our community in solidarity we will offer you a contract. Please note you do not require collateral or citizenship.

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 or do an internship?

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.

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.

Contact

Nathalie Hubschneider

Student & Alumni Services