With an Income Share Agreement, you can focus on your Bootcamp at Ubiqum, 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 establish your own startup, you start making income-based repayments to finance the tuition fees of future generations.
The Income Share Agreements (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.
Sebastián Barajas
CEO and Founder
“As the technological world evolves at a dramatic pace, the demand for trained web developers and data analysts keeps growing higher. That’s why we work with CHANCE eG, to give anyone an equal opportunity, with the financial backing to enter into the world of tech and secure their dream job.”
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.
For more information on Eligibility Criteria, the Application Process and the ISA Contract, please refer to our FAQs page
The first step towards your future is the decision to complete a bootcamp at Ubiqum. 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 Ubiqum, 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 Ubiqum. 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.
Kyra Gawlista
Schedule a personal info session