At CODE, we want to attract the most talented – not the most privileged.
As a private institution, we have to ask our students for a substantial financial contribution in tuition because we do not get any financial support from the state.
The costs for our Bachelor’s programs are a total amount of € 38,000 (no matter how long you study). So, the monthly payment would be € 1055,56 for 36 months. This calculation and the underlying assumptions will be updated every three years.
At the same time, we want to inspire and empower the digital change-makers of tomorrow. What we, therefore, cannot and will not do is exclude those who cannot shoulder the financial burden of private-university tuition.
Fair. Free. United.
That is why we are very happy that – with the help from our friends at CHANCEN eG – we can offer you a solution where there is no upfront or monthly tuition payment required while you study at CODE.
With the Income Share Agreement, CHANCEN eG builds a community of students who receive fair and equal education opportunities. In return, they will invest in the next generation of students, affording them the same opportunity.
The income-based delayed tuition model
The pay-later tuition fee model is predominantly available to students who meet the eligibility criteria of CHANCEN-eG. This includes applicants from EU countries, Liechtenstein, Switzerland, Norway, Great Britain, Iceland, Monaco, USA, Canada, Australia, New Zealand, Israel and Singapore. Other nationalities may be eligible if they meet conditions outlined here: https://chancen-eg.de/en/qa.
Option 1: The direct payment tuition model
If you prefer to pay the tuition fees while you are studying, then the direct payment model is right for you. You have three options to choose from here: full fee up-front, pay annually or monthly.
For all of these options, we assume what the average income of a CODE student will be in his or her first eight years of professional life and calculate the discounted equivalent of what he or she would pay with the income-based delayed tuition model. So, for instance, a monthly payment is of 1055,56€ for 36 months, adding up to 38.000€
Option 2: The income-based delayed tuition model
In this model, your payment starts after graduation. If you prefer the study now and pay later option, you can choose between the full pay-later or 50/50 payment modality.
Either way, your contribution will be a fair percentage (13,5%) of your yearly, pre-tax income for ten years, but only if your relevant income in a year exceeds €27,000.
Finance your education through the Income Shared Agreement (income-based delayed tuition model) – Study now, pay later
Our partner CHANCEN eG will help you to finance your education and advance your career opportunities. Irrespective of your financial background, they promote equal opportunities giving you the freedom to access education and shape your own career path.
The values of our partner CHANCEN eG are
- Solidarity-based community
- Fair financing
- Free acccess to education
This solidarity-based tuition model ensures that the monthly installments are proportional to your earnings and you will never pay more than two times the tuition fees a student with an average income would have paid.
Did you know that the costs of your study program or vocational training are income tax deductible? Therefore, you can deduct your repayments to the CHANCEN eG as professional expenses or special expenses from your income taxes. Our colleagues from CHANCEN eG are happy to explain this in further detail- please request their information brochure from their website. Please note that neither we nor CHANCEN eG can offer tax consulting and this information is non-binding. In addition, we can’t predict the future: tax law is liable to change over time.
We financed our studies through an Income Share Agreement and therefore had the freedom to develop personally and as entrepreneurs. We would like to offer the same opportunities for development and learning to other students. That is why we founded CHANCEN eG and committed to reaching more students every day.Olaf Lampson & Florian Kollewijn,
Founders and CEOs of CHANCEN eG