Finance your studies - fair, flexibly, without any risk.

With our model - the Income Share Agreement

Receive up to €1,000 per month for your studies and additionally up to €1,500 per year for one-off costs. This is currently possible for students of Human Medicine, Economics, Social Affairs and Computer Science.

You pay back fairly and flexibly: After graduation, you pay back a fixed percentage of your income – without any risk: You only pay if you earn more than €27,000 per year.

You want to finance your living expenses during a bootcamp? You will find all the information here.

Finance your living expenses during your studies

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Study now and pay back a share of your income later

The good part: You finance the next generation of students

The Income Share Agreement (ISA) is fair and based on solidarity: You pay back a fixed share of your income – fairly, flexibly and without risk – which is used to finance the next generation of students.

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Flexible financing
Security through the minimum income threshold of € 27,000 per year
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Upwards cap
Fair repayment
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Studies

During your studies, you receive up to €1,000 per month in a flexible way. After graduation, you pay back a fixed portion of your income. This means that you pay more if your income is high and less if it is low.

Repayment

You only pay if you earn more than 27,000 euros gross per year. Your repayment is capped: If you earn a lot, you do not pay back indefinitely, but up to the maximum limit.

During your studies, you receive up to €1,000 per month in a flexible way.

After graduation, you pay back a fixed portion of your income. This means that you pay more if your income is high and less if it is low.

You only pay if you earn more than 27,000 euros gross per year.

Your repayment is capped: If you earn a lot, you do not pay back indefinitely, but up to the maximum limit.

The framework for your student financing

The minimum amount you can finance as living expenses is 5,000 euros.

The maximum amount of funding you can get is 30,000 euros (or less, depending on your field of study).

To give you as much financial flexibility as possible, we conclude a financing contract with you for a range of 5,000 euros instead of a fixed amount. With this range, you define a minimum amount and a maximum amount that can be financed. You can move flexibly between these two amounts, depending on how your needs develop during your funding.

You can choose between the following bandwidths:

5,000 – 10,000 euros
10,000 – 15,000 euros
15,000 – 20,000 euros
20,000 – 25,000 euros
25,000 – 30,000 euros

(Depending on the field of study, some bandwidths may not be offered.)

  • We can finance all EU citizens and German citizens / Bildungsinländer*innen. Refugees with a residence title according to § 24 or § 25 AufenthG can apply under certain conditions. Details can be found here.
  • The age limit for a Bachelor’s degree is 40 years and for a Master’s degree 43 years.

As the funding of living expenses is still in its early stages, we are unfortunately not able to support all degree programs so far.

At the moment, we can fund students in the following study areas:

Your university is not listed in the application form? No problem, an application is still possible! Please send us an email to lebenshaltungskosten@chancen-eg.de. We will then add your university and you can directly proceed with the process.

 

We hope this list will continue to expand, so if your major is not currently listed, please check back in the future to see if it has changed.

All information about the application process can be found here.

There is no minimum time limit for financing your studies. The lower limit is only set by the 5,000 euros minimum financing amount.

 

After starting you financing with us, we will support you in your studies up to your standard period of study plus four semesters; your official semester count is relevant here. You can apply for an additional semester if you will complete your studies in this semester.

Of course, semesters off don’t count into your official semester count – but your financing can continue under certain conditions (see information below).

You can get up to 1,000 euros a month for living expenses. In addition, once a year you can receive a payout of 1,500 euros on top – so purchases such as a new laptop or travel expenses for a semester abroad are no problem.

Before the start of each study period (semester/trimester), you can flexibly adjust your monthly payment amount to your needs. You set the payout amount to up to 1,000 euros each month for the next 6 months (semester)/ 4 months (trimester).

The 3 steps to your financing

A few weeks away from the fairest way of financing your studies

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1. Submit documents

You submit your information and documents quickly and easily online. There are no deadlines, the application is possible at any time.

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2. Conduct interview

Within a week, we will make an appointment for a interview. Together we will find out how you will structure your financing.

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3. Receive funding

We sign your contract and you become a member of the solidarity community. Your financing starts at the agreed time.

Interested and wanting to learn more?

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Facts, figures and data explained in detail

Overview of the conditions of your student financing

The year after completing your studies the repayment period begins. Within this period you have to actively repay for 8 years (repayment years) in total, but only until the end of your  25-year contract period. However, your actual repayment only starts after you have reached the minimum income threshold. This is reached once your positive income exceeds 27,000 euros/year.

With the Income Share Agreement (ISA), your repayment is completely dependent on your income. After your studies, you pay a percentage of your positive income back to the CHANCEN cooperative.

 

The repayment percentage is fixed in the ISA and depends on your field of study and your financing amount. However, it cannot exceed a maximum of 15%.

Your repayment starts on 01 January following your exmatriculation: if you were exmatriculated on 30.09.2050, your repayment period starts on 01.01.2051. Whether you then actually have to repay depends on your income situation.

With CHANCEN eG’s living expenses ISA, you can concentrate fully on your studies. We want you to successfully complete your studies and find a good start to your professional life. To do this, you keep us in the loop and show us each semester that you are actively studying, by providing us with:

  • Each tri-/semester: Transcript of Records
  • Each tri-/semester: Proof of immatriculation
  • If applicable: interim report
  • If required: individual semester report

Within your field of study, you can change your degree course and keep your ISA. However, the classification of a degree course within a field of study must be checked by CHANCEN.

If you want to change to a new field of study, you can submit an application to take the ISA-financing to the new course. In any case, this must be reviewed and approved by CHANCEN. A new financing interview with us may also be necessary.

Following successful approval, we will conclude a new ISA at the conditions of the new study subject. Everything we have already paid out for your previous studies will automatically be transferred to this ISA. In total, the maximum amount of 30,000 euros still applies (e.g.: If you have already received 10,000 euros for the first study, we will still pay out a maximum of 20,000 euros for the second). In addition, your total repayment percentage may never exceed 15%.

You can change universities within your field of study. If you also change the type of educational institution, for example from a university of applied sciences to a university, your repayment conditions may also change. Therefore, this must also be checked and approved by CHANCEN.

Under certain circumstances, your living expense funding may continue during your semester off:

  • If you are required to do a mandatory internship, you can continue to receive funding.
  • If you use a semester off for a voluntary internship or a study abroad, you can also continue to be financed.
  • We fund up to one semester of leave for personal reasons (illness, maternity/paternity leave).

If you take a semester off without a connection to your studies, the payment is paused.

In the event of dropping out, the financing model remains fair: repayment remains income-dependent and is secured by the annual minimum income. The terms of repayment are adjusted to the financing amount that was paid out.

Restarting studies: If you decide to resume your studies after some time, you can of course reapply for funding with us. The funding that was already paid out will then be taken into account in the new ISA (see above at Change of study programme). If you have already repaid in the meantime, this will be credited to you as a credit for later repayment.

Who is behind CHANCEN eG?

“We financed our studies ourselves with the Income Share Agreement and are currently paying back. We think: Everyone deserves a fair chance at education! That’s why we founded the CHANCEN cooperative, which now has over 1,400 members – students, repayers and educational institutions.”

Contact

Nathalie - Team Living Expenses

Financing of living expenses through the Income Share Agreement (ISA)