FAQ’s - Students

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.

Yes. Basically ISA’s are not considered income, a scholarship or another form 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 honour 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 you BAföG.

No, your financial background is not taken into account. You need to be a student at one of our partner universities. We have an interview process, this way you can get to know us and we get to know you, ensuring that the agreement we enter into with you suites both parties.

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

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

Yes. Our goal is to build a united community. That is why we have a conversation with every student about ISA’s, CHANCEN eG and their degree before we accept an application. On the CHANCEN eG page of your universities website you can find more information on this.

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% ).

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 21.000 Euro, which is gross annual income of approximately 30.000 Euro. If you earn less than this you are not obliged to make repayments.

We offer the ISA at Partner Institutions. Here you find an overview of our partners.

Repayments stretch over a 25 year period. During this time repayments are mostly made within the first ten years, provided relevant income exceeds the minimum threshold of 21,000 Euro. Or a total of 10 years of repayments over a 25 year period. Should income not exceed this amount in this 25 year period or if it exceeds the minimum threshold amount less than ten times then the repayment obligation becomes null and void

CHANCEN eG does not require any surety from you to sign a contract an ISA.

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.

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

In this case, the percentage of your repayment structure is adjusted according to the number of semesters you have studied. For example, if you terminate your studies half way through, the percentage on repayments are halved. 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.

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 which is above the minimum threshold, over a total of ten years you stop repayments. Irrespective of the total amount you have paid.

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 to the community and is part of the promise made to future generations.

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 Income Share Agreements. This also applies to jobs where wages are lower. Unlike traditional credit, due to ISA there is 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 21,000 EUR (or an average gross income of 30,000 EUR annually) you are not obliged to make repayments. Once the income is above that limit you will be obliged to make repayments.


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