Freedom through solidarity

Income Share Agreements

With Income Share Agreements, 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 found your own startup, you start making income based repayments to finance the training fees of future generations.

A fair financial solution where repayments are based on your income

ISA's for your preferred degree at Ubiqum

The Income Share Agreements (ISA) ensures equal access to education with a fair financial solution, irrespective of your current financial status.

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Study without financial stress
Protection with the minimum income threshold
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Capped Rates
Individual repayment structures
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Study

Chancen eG takes care of your tuition fees so you can focus on your bootcamp.

Repayments

Contrary to regular loans, your repayments are made to the Chancen eG community and they are based on your income. You do not have a fixed amount of debt, but rather a repayment plan that is tailored to suit your individual financial capacity.

Income threshold

Repayments only start when you earn above the minimum threshold of 21.000 Euros Net. This ensures that the repayment plan is only activated when you can really afford it.

Capped

The repayment value is capped and reaches a maximum amount. A high income does not mean that the repayments are excessively high.

Chancen eG takes care of your tuition fees so you can focus on your bootcamp.

Contrary to regular loans, your repayments are made to the Chancen eG community and they are based on your income. You do not have a fixed amount of debt, but rather a repayment plan that is tailored to suit your individual financial capacity.

Repayments only start when you earn above the minimum threshold of 21.000 Euros Net. This ensures that the repayment plan is only activated when you can really afford it.

The repayment value is capped and reaches a maximum amount. A high income does not mean that the repayments are excessively high.

Ironhack's opinions about the ISA

  • Sebastián Barajas

    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.”

An overview of our financial support

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 21,000 Euros, repayments are not required. Your repayment is then shifted to a period when you earn above the minimum income threshold. Income is calculated after standard deductions of 21.2 % for employees and 37.0% for freelancers.

We are still in the process of determining final repayment percentages and will update our website shortly.

 

Your ISA

How does an ISA work?

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?

With your first annual income that exceeds 21.000 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.

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.

Contact

Nathalie Hubschneider

Application and Community Manager