Income Share Agreements

FREEDOM THROUGH SOLIDARITY

Income Share Agreements allow you to focus on your studies, while CHANCEN eG takes care of your tuition fees. Your commitment to the community ensures that future generations have the same opportunities. Once you are employed and you earn above the minimum income threshold, your income based repayments will fund the education of current students.

The repayments are based on your income, meaning that individuals pay a set percentage of their income for a set period of time, to CHANCNE eG. We ensure that your individual needs and opportunities are met. In contrast to standard debt, you do not face a high risk of over-indebting yourself or being restricted by rigid repayment plans. The model allows you to freely structure your career path.

The Fundamental Values of Income Share Agreements

Fair. Equal. Together.

 

 

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FAIR FINANCING

Graduates do not have a fixed amount of debt.  Repayments are a percentage of your income, paid over a set number of years. You can shape your career without additional financial pressure.

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EQUAL ACCESS TO EDUCATION

Based on your passion and field of interest you have the freedom to choose the right degree and a matching University, irrespective of your current financial situation.

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UNITED COMMUNITY

Graduates, Impact Investors and Universities are united in their commitment to giving all students access to Income Share Agreements, in solidarity for current and future generations.

Income Share Agreements at a Glance

Fair finance for education through income based repayments

The Income Share Agreement financial model offers fair financing to students. Ensuring everyone has equal opportunities, irrespective of their financial background.

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STUDY WITHOUT FINANCIAL STRESS
PROTECTION THROUGH INCOME BASED REPAYMENT
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CAPPED
INDIVIDUAL REPAYMENTS
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Study

CHANCEN eG takes care of tuition fees so students can focus on their studies. Giving students the freedom to choose a suitable degree and university that best suits their dreams.

Repayment

Contrary to regular loans, graduates repayments are income based. You do not have a fixed amount of debt but rather a repayment plan that is tailored to suite your individual financial capabilities.

Income Threshold

Repayment only commence once a graduate is earning above the minimum income threshold of 21.000 Euros (net). This ensures that the repayment plan only starts once a graduate can really afford it.

Capped

The repayment value is capped and ends automatically should the maximum amount be reached. A high income does not mean that the repayments are excessively high.

CHANCEN eG takes care of tuition fees so students can focus on their studies. Giving students the freedom to choose a suitable degree and university that best suits their dreams.

Contrary to regular loans, graduates repayments are income based. You do not have a fixed amount of debt but rather a repayment plan that is tailored to suite your individual financial capabilities.

Repayment only commence once a graduate is earning above the minimum income threshold of 21.000 Euros (net). This ensures that the repayment plan only starts once a graduate can really afford it.

The repayment value is capped and ends automatically should the maximum amount be reached. A high income does not mean that the repayments are excessively high.

Income Share Agreements in Reality

  • LAURA, 27

    LAURA, 27

    Assistant Doctor


    I already knew that I wanted to be a doctor when I was a child. Due to the heavy workload of my studies, I was not able to pursue a part-time job to cover my tuition fees. So I opted for an Income Share Agreement. I no longer had this massive financial burden from my tuition fees and could focus on my studies. When I graduated, I immediately found a job as an Assistant Doctor. My income exceeded the minimum threshold and I started repaying my tuition fees to the community. After ten years of repayment my obligations to CHANCEN eG will end.

  • MURAT, 26

    MURAT, 26

    Entrepreneur


    I financed my business degree with an Income Share Agreement. After I graduated I fulfilled my dream and spent a year travelling through South East Asia. During this time I did not have a regular income and was not obliged to payback my tuition fees. Once I was back in Germany I completed a traineeship and was consequently hired by the company. I then started my repayments as my income was above the minimum threshold. I am considering quitting my job and founding a start-up with a colleague. Initially, my income will be very low but with an Income Share Agreement this is not a problem, as I will fall below the minimum income threshold. Once my business is successful I can continue my repayments to CHANCEN eG.

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A United Community

TOGETHER, WE CARRY THE RISK

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HOW DOES AN INCOME SHARE AGREEMENT WORK?

Income Share Agreements depend on the commitment by all members of the community, united in their striving for equal opportunities. Some graduates will repay a smaller amounts in relation to the contribution from CHANCEN eG. Because the repayment is income dependent, other graduates may make larger repayments. These differences in repayment amounts are balanced out by the solidarity nature of the community. The risk of an ISA is never carried by one person, rather by the community as a whole.

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THE ADVANTAGES, IN COMPARISON TO REGULAR CREDIT

Fair financing offers a great advantage in comparison to regular credit institutions. With a regular loan, borrowers have fixed debt. The high-interest rates and the repayment plans are not income based. In this case, borrowers also have the risk that their repayments will not be relative to their income. A loan is restrictive, it does not take into consideration extended study periods, parental leave or start-up phases for entrepreneurs. Income Share Agreements always adapt to your current income and assesses individual circumstances. We give you the freedom to shape your career.

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