With an Income Share Agreement, you can focus on your Bootcamp at neue fische, 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 found your own startup, you start making income based repayments to finance the training fees of future generations.
The Income Share Agreement (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 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.
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.
Dalia Das
Founder and CEO, neue fische - School and Pool for Digital Talent
“We believe in the potential of our participants and know that we can place them in jobs of the future. This is why we work together with our partner CHANCEN eG. With the reverse generation contract, anyone can participate without risk: They pay the fees only after they have a job and earn above the income threshold.
Eva Jaumann
studied Data Science
In my search for financing options, I came across CHANCEN eG: Their solidarity-based concept fits well with me and my value and I am grateful that the bootcamp was made possible for me. I was able to pursue my dream and even meet my first employer during the bootcamp, which allowed me to start my career directly! Of course, you always learn new things, but the bootcamp at “neue fische” was despite all this a good foundation and preparation for working life.
I find the repayment process very relaxed. The amount to be repaid is not too high – you make ends meet very well because the amount of repayments is adjusted to your salary. I also think it’s great that you can suspend payments if things get tough! That way, everyone is taken into consideration.
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 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%.
For more information on Eligibility Criteria, the Application process and the ISA Contract, please refer to our FAQ page
| Bootcamp | Tuition Fee | Repayment Years | Income Share (with university degree) | Income Share (without university degree) |
|---|---|---|---|---|
| Web Development - Full-Time/Part-Time | 8,500 Euro | 5 | 8.46 % | 8.73 % |
| JAVA - Full-Time | 8,500 Euro | 5 | 8.46 % | 8.73 % |
| Data Science/ Data Analytics | 9,500 Euro | 5 | 7.78 % | 9.01 % |
| UX/UI Design - Full-Time | 8,500 Euro | 5 | 8.96 % | 9.17 % |
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 complete a Bootcamp at neue fische. 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 neue fische, 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 neue fische. 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.