Freedom through Solidarity

Income Share Agreements

With the Income Share Agreements, you can focus on your program at the Hamburg School of Ideas, 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 and earn above the minimum income threshold, you start making income-based repayments.

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A fair financial solution where repayments are based on your income

ISA's for the Hamburg School of Ideas

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 program.

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 21.000 Euros Net. 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 program.

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 21.000 Euros Net. 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 the Hamburg School of Ideas

  • Matthias Berg

    Matthias Berg

    Managing Director of the Hamburg School of Ideas | The new text forge. Creative Consultant and member of the Art Directors Club for Germany (ADC).

    “With the idea of the Hamburg School of Ideas, we have been giving young talents the opportunity for 20 years to use the one-year dual apprenticeship as a stepping stone into the creative and communications industry. More than 60% of our students have already completed their studies, some of them even dropped out. With a lot of courage and often against resistance in the family environment, they apply for creative training. For admission to the Hamburg School of Ideas, it’s the talent that should decide, not the wallet. So we are glad to have found a modern, solidary financing model for our creative talents in Chancen eG.”.

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 a 10 year period. Should your annual income be less than 21,000 Euros, repayments are not required. Your repayment is then shifted to a period when you earn above the minimum income threshold. Income is calculated after standard deductions of 21.2 % for employees and 37 % for freelancers.

We are still in the process of calculating the right conditions for your fair financing.

Your ISA

How do ISA's work?

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

As soon as you have applied at Hamburg School of Ideas, 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 either at Hamburg School of Ideas or in our offices. 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 the ISA your tuition fees are paid directly by CHANCEN eG to Hamburg School of Ideas. 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?

As soon as your annual income exceeds 21.000 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 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.


More Information on ISA's
More Information on Financial Aid
You have more questions? Visit our FAQ page.

Contact

Nathalie Hubschneider

Student & Alumni Services