Fair Financial Solution for your Medicine Degree

We finance your studies in human medicine or dentistry in all countries of the EU.

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“We want you to become a doctor, irrespective of what your parents earn.”

Income Share Agreements

That is why we offer you a fair and income-based financial solution for your medicine studies in all EU countries. 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 studies, as CHANCEN eG pays your tuition fees – partially or fully. In exchange, you commit to giving future generations the same opportunity. Once you start working and earn above a minimum income, you will pay back a percentage of your income to fund the studies of the next generation.

You would like to finance your medical studies in the EU in a fair and flexible way?

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A Fair Financial Solution Where Repayments Are Based on Your Income

ISA for your medicine degree in the EU

Income Share Agreements ensure 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 enables you to study the way you want. During your studies, CHANCEN eG will pay your tuition fees in partially or fully so that you can concentrate fully on your studies.

Repayments

Contrary to regular loans, your repayments are made to the CHANCEN eG community and are income dependent. 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

At the same time, your repayment is capped and ends automatically when the maximum limit of 200% is reached. Therefore, a high income does not mean an extremely high repayment.

CHANCEN eG enables you to study the way you want. During your studies, CHANCEN eG will pay your tuition fees in partially or fully so that you can concentrate fully on your studies.

Contrary to regular loans, your repayments are made to the CHANCEN eG community and are income dependent. 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.

At the same time, your repayment is capped and ends automatically when the maximum limit of 200% is reached. Therefore, a high income does not mean an extremely high repayment.

What students say about the ISA

  • Jennifer Girke

    Jennifer Girke

    Medicine Student

    “I opted for an Income Share Agreement because it gives me freedom; during my studies, in the opportunities that I will have to further my education and in shaping my career. The actual repayment amount is dependent on my future income and what I can really afford. Should I earn a lot in the future then my repayments are higher, on the other hand, should I earn less then I pay back less. This income-based repayment model has no risk for me. From my point of view, this is a fair financial model.”

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An overview of our financial support

We will cover all or part of your study costs up to an amount of 55,000 euros. In return, you pay back 15% of your relevant income to CHANCEN eG for 8, 10 or 12 years. If your income is below the minimum income of 27,000 euros of relevant income, your repayment is postponed. The relevant income is the positive income minus advertising costs. For self-employed persons, the flat-rate deduction is 16.4%.

For more information on Eligibility Criteria, the Application Process and the ISA Contract, please refer to our FAQ page.

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
Medicine Degree starting from Semester 1 12 up to 38,500 Euro 8 15%
Medicine Degree starting from Semester 1 12 up to 45,500 Euro 10 15%
Medicine Degree starting from Semester 1 12 up to 52,000 Euro 12 15%
Medicine Degree starting from the clinical part 8 up to 40,500 Euro 8 15%
Medicine Degree starting from the clinical part 8 up to 48,000 Euro 10 15%
Medicine Degree starting from the clinical part 8 up to 55,000 Euro 12 15%
Dentistry starting from Semester 1 10 29,500 Euro 8 15%
Dentistry starting from Semester 1 10 35,000 Euro 10 15%
Dentistry starting from Semester 1 10 40,000 Euro 12 15%

Q&A

Yes, you can still apply for funding.

Just choose the geographically closest university and let us know via email to application@chancen-eg.de to which university you are actually applying.

In this case we will adjust your contract. The conditions will be adjusted linearly to the amount of fees that we have paid for you at the respective university in an EU country up to the time of the transfer. So, for example, if we have only paid half of the contractually agreed fees for you, the income share that you will have to pay later will also be halved. The number of repayment years remains the same. Until you graduate from university in Germany, you submit proof of your (presumably low) income to us. Only when your minimum income is above 27.000€, your repayment will start.

If your total tuition exceeds our maximum funding amount, we will pay every second/third semester. You will then take over payment of the remaining semesters.

Unfortunately, it is not possible for CHANCEN eG to pay the enrollment fees.

Make your dream of medical studies possible through CHANCEN eG’s Income Share Agreement.

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Your ISA

How do ISAs work?

The first step into your future was the decision to study medicine in an EU country. To finance up to 60,000 euros (starting from the 1st semester) / 49,500 euros (starting from clinical studies) of your fees, you can apply to CHANCEN eG.

You can submit your application via the website. We will arrange an appointment for the virtual financing interview. If you fit into the solidarity community, you become a member of CHANCEN eG and we conclude a financing contract. You do not need any collateral or guarantees for this.

With the ISA you can concentrate on your studies, because up to 60,000 euros (starting from the 1st semester) / 49,500 euros (starting from clinical studies) of the tuition fees are covered by CHANCEN eG. After your successful graduation, you can take your time to plan your next steps, perhaps travel abroad and complete your residency training.

With your first annual salary that exceeds the limit of 27,000 euros of relevant income, you begin to repay a maximum of 15% of your income to CHANCEN eG. The exact percentage depends on the amount of financing and is specified in the contract. For the exact calculation of your individual repayment contribution, you submit a copy of your income tax assessment each year. If you take a career break or want to continue your education, repayment is suspended - because your annual income drops below the minimum income limit again. Here you can view some repayment examples and learn further about repayment.

Your repayments ensure that 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.

Partner

Find Academic, based in Hamburg, is the official German representative of universities from 10 EU countries. Among other things, the study agency supports applications to medical universities and prepares intensively for admission tests. Since its founding in 2011, Finde Academic has helped more than 650 applicants in finding a place to study in EU countries.

More about Finde Academic.

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Contact

Tom Green

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