Application Process (before your Studies/Bootcamp)

CitizenshipFor which institution is it possible to apply?
German citizens / Bildungsinländer*innen (people without a German citizenship who have a German high school certificate - excl. Studienkolleg)You can apply for funding for all courses we support.
Applicants from EU countries, Liechtenstein, Switzerland, Norway, Great Britain, Iceland, Monaco, USA, Canada, Australia, New Zealand and Israel You can apply for funding for all courses we support (except psychology studies)
- which take place in-presence within Germany
OR
- for remote courses if you reside in Germany during the time of the course.


An application for the support of psychology studies is possible
- if the studies take place in-presence within Germany
OR
- for remote studies (and you are living in Germany during the time of the course)

AND you meet at least two of the three following criteria:

  • Residency in Germany
    - you have lived in Germany for at least two years (prior to the start date of your chosen program)
    -OR you are married to a German citizen
    -OR you have a Blue Card / permanent residence permit
    -OR you hold a residence permit according to AufenthG §25 (refugee status for humanitarian reasons)

  • You have acquired a professional degree in Germany (i. e. vocational training, Bachelors, Masters, PhD or other university degrees).

  • You have relevant professional experience related to the degree course / training you are applying for, for at least one year as a full-time professional (not necessarily in Germany). Internships do not count here.


All other nationalitiesYou can receive funding for all courses we support
- which take place in-presence within Germany
OR
- for remote courses if you live in Germany during the time of the course

AND meet at least two of the three following criteria:

  • Residency in Germany
    - you have lived in Germany for at least two years (prior to the start date of your chosen program)
    -OR you are married to a German citizen
    -OR you have a Blue Card / permanent residence permit
    -OR you hold a residence permit according to AufenthG §25 (refugee status for humanitarian reasons)

  • You have acquired a professional degree in Germany (i. e. vocational training, Bachelors, Masters, PhD or other university degrees).

  • You have relevant professional experience related to the degree course / training you are applying for, for at least one year as a full-time professional (not necessarily in Germany). Internships do not count here.


If you fulfil the upper criteria, you can apply through our regular application process on our website. In case of “all other nationalities”, kindly add proof that you fulfil at least two out of the three required criteria, via mail to application@chancen-eg.de.
Subsequently, we will examine these documents and we will get back to you with further steps.
If you don’t meet the upper criteria we unfortunately can not fund your studies. Here are alternative financing options.

AgeUp to what age is an application possible?
Bachelor's degree40 years
Master's degree43 years
Bootcamp45 years

Yes. Our goal is to build a united community. That is why we have a conversation with every student about the ISA, CHANCEN eG and their chosen study program before we accept an application. You can find more information regarding the process as well as the form for handing in your application here.

CHANCEN eG does not require a sponsor or guarantor from you to sign an ISA.

From submitting your application documents to signing the final ISA, it takes 4-6 weeks.

Generally, you can apply at any time for an ISA. In case you want to apply for studying medicine with the support of an ISA, we recommend you to apply just as soon as you have a concrete plan being ready to sign the final contract within the next weeks.

No, your financial background is not taken into account during the application process and does not play a role in our success criteria for applications. You need to be a student at one of our partner institutions and although the financial background of you or your family is not taken into account, it is important that you are able to manage your finances effectively during your time studying.

Yes, there is a possibility of financing partial amounts of your tuition fees from a sum of 10.000 EUR.

  • Make sure you schedule enough time for the interview (approximately 60 minutes).
  • If you have to cancel or reschedule the interview, please do so early enough (one day in advance).
  • Choose a quiet place for the interview where you won’t be disturbed. A good idea is to put your mobile phone on mute and check that nobody comes in. 
  • Try out the technical devices before the interview (e.g. internet connection, sound, camera, Zoom) to make sure that everything works.
    We recommend using a Laptop or a PC in order to guarantee a reliable connection.
  • The purpose of the interview is to get to know you. Of course, your parents or someone else you want to participate can join after the interview (ca. 30-45min after the interview started) to receive further information or to clarify any questions.
  • Please think about what you want to tell us about yourself before. It can be helpful to practice a short introduction of yourself. This way, you feel well-prepared and have a good start into the interview.
  • Think about why you are interested in that particular degree course and inform yourself about the university/ bootcamp. This can help us understand your motivation.
  • Please watch the contract explanation videos that help you familiarize with the ISA contract. You can find the link in your interview invitation email. In addition, you can think about questions that came up to you during the ISA quiz. 
  • In case interviews make you a bit nervous, take a deep relaxing breath and keep in mind that we are really looking forward to getting to know you!

We offer the ISA at Partner Institutions. Here you can find an overview of our partners. You will not find the universities within the European Union there that offer studying medicine since we have a partnership with only one of them (LSMU Kaunas). Nevertheless, studying medicine with an ISA is still possible there.

You don’t need to submit an application directly to us at CHANCEN. Instead, simply indicate your interest in the ISA during your application to CODE. CHANCEN will then be part of your interview on your CODE Admission Day. Our current eligibility criteria listed above does not apply to students applying for CODE University. The Income Share Agreement Model is available to all students who are successful in the application process and granted an acceptance offer by CODE. More details into this process are given on your Admission Day.

– Within Germany: We are expanding our partnerships with educational institutions continuously. You can kindly contact us asking if a partnership with your educational institution would be possible or maybe even in the process already. Please keep in mind that the process of closing a partnership can take several months.

– Within the European Union: Currently it is only possible to study medicine with an ISA. Most of the universities offering this are not yet a partner of CHANCEN eG. Nevertheless, studying with an ISA is still possible there.

During your Studies/Bootcamp

Yes. ISA’s are not considered income, a scholarship or another form of state-approved funding. Therefore, financial contributions will not be credited to your BAföG and you can receive BAföG. However, keep in mind that you will need to repay BAföG as well as your Income Share Agreement once you have completed your studies. This increases your financial burden. We recommend that you apply for other scholarships and please speak to your local BAföG office about the possible effects of the ISA on your BAföG entitlement.

Yes, you can also apply if you are already studying at a university. In this instance, we can also refund the tuition fees you already paid retrospectively.

Yes. To apply for a scholarship, the same criteria applies when applying for BAföG. The ISA will not stand in your way.

The standard period of study can be modified or extended based on your personal situation.

What happens when:

  • Your study period is extending without any additional or extra tuition fees: No problem! It is still important however that you let us know as soon as possible. Contact our team to give us more details on how long your study period is extending and the reason why.

 

  • Your study period is extending with additional or extra tuition fees: Usually, this is possible for the first additional semester but it requires a change of contract. Please contact us as soon as possible and we will be happy to discuss further steps with you.

In the case that you terminate your studies, we adjust the net financing amount according to the payments actually made by CHANCEN eG. The repayment percentage will also be adjusted to the financing amount. So if we have financed a lower sum than the contractually agreed sum, the repayment percentage will also be reduced on a linear basis.

Even in this instance, your repayments will only start once your income is above the minimum threshold. You can, therefore, start another degree or apprenticeship without financial stress.

Repayment (after your Studies/Bootcamp)

If your income is very high. then the maximum repayment amount, as stipulated in your contract, is applicable. Over the entire repayment period beneficiaries never have to repay more than twice the actual amount (adjusted to inflation) on tuition fees as per the enrolment date.

The repayment is based on gross income, once social security contributions and related expenses have been deducted. This is applicable when your net income is 78.8 % of total earnings, for freelancers (non-employees) it is 63.0 % of total income. Total income includes: gross income, rental and investment income less the standard amount paid to pension benefits. This calculation is based on current guidelines from the German Education Act BAföG – deductions for employees, trainees and inactive persons are approx. 21.2% and for non-workers 37.0% ).

Premature payments and settlements on an ISA will be a total of the maximum contribution. As we cannot foresee how high an individual’s future income may be, we request maximum payments. This is done in solidarity with the community and is part of the promise made to future generations.

In the first place, this will not have any effect on your repayment since a lottery win and a lump sum of inheritance are not defined as income according to the German Income Tax Law (§2 Einkommensteuergesetz). Nevertheless, if you invest this money profitably generating any income (e. g. rental income because you bought a flat with the money), this income will increase your repayment amount.

The freedom to create your own career path is one of the fundamental values of CHANCEN eG. It states that the freedom to choose your career should not be limited by an Income Share Agreement. This also applies to jobs where wages are lower. Unlike traditional credit, the ISA has no fixed loan amount that needs to be paid within the first few years following graduation. Due to the minimum income threshold, educational funding is socially responsible in cases where beneficiaries earn a lower income. If you consciously decide to earn below the minimum threshold of 27,000 EUR  you are not obliged to make repayments. Once the income is above that limit you will be obliged to make repayments.

The minimum income threshold is the amount that indicates at which point graduates need to start repayments to CHANCEN eG. The amount is an annual income of 27.000 Euro. If you earn less than this you are not obliged to make repayments.

Repayments stretch over a 25 year period. During this time repayments are mostly made within the first eight years for universities and five years for bootcamps, provided relevant income exceeds the minimum threshold of 27,000 Euro. Or a total of 8 years / 5 years of repayments over a 25 year period. Should your income not exceed this amount in this 25 year period or if it exceeds the minimum threshold amount less than eight times then the repayment obligation becomes null and void.

Your repayment of your tuition fees will start once you exceed the minimum income threshold, regardless of whether you further your education, do a traineeship or go into academia.

The potential repayment period begins on January 1 of the year following the successful completion of your studies. The actual repayments only start once you earn above the minimum income threshold.

Yes, in principle, the repayments could be tax deductible but this is dependent on the country you are based in. Find more from your local Tax office.

No. Income Share Agreements are based on the principle of solidarity: everybody contributes based on their financial capacity. Unlike an ordinary student loan, you are not obliged to repay a fixed amount of debt. If you have paid an amount based on your income that is above the minimum threshold over a total of eight years for universities or five years for bootcamps, your repayments will end. Irrespective of the total amount you have paid.

No, ISA’s do not take into account whether you are employed or not. It only assesses what your actual, current income is.

CHANCEN eG believes in freedom; for your studies and your career choices. If you decide to work abroad once you have completed your studies, you simply need to supply us with you Income Tax Return from the relevant country. If this Income Tax Return differs strongly from the German equivalent, you have to expound your income in the German format with the help of a tax consultant or auditor.

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