Financing

1. PAY UPFRONT

Students can pay the complete tuition fee of  €12.500 before the start of the retreat. Alternatively, accepted students can pay  €6.250 before the start of the retreat and balance €6.250 within the first two weeks of the retreat.

2. PAY FROM YOUR FUTURE INCOME, do not pay upfront

What is an Income Share Agreement (ISA)?

An income share agreement (or ISA) is a contract between a school/financing company and a student where the student agrees to make payments after graduation based on a percentage of their income for a set period of time. The payment is proportional to how much the student earns, and it’s capped to a certain maximum amount. 

With an ISA you pay nothing upfront, and you start repaying only after you find a job. The ISA model came from a student association (not an evil bank!) and is only now starting to become popular as an alternative to debt.  The ISA that DSR offers through CHANCEN eG has lots of downside protection. You can see it came from a company that cares about socially responsible actions and promoting equal opportunities. An ISA is a good choice that makes it possible for you to access education irrespective of your financial background, giving you the freedom to access education and shape your own career path.

Do I pay if I lose my job?

ISA: No

Traditional Loan: Yes

Do I pay if I go back to school?

ISA: No

Traditional Loan: Depends

Do I pay if I can't physically work?

ISA: No

Traditional Loan: Yes

Do I pay if I struggle to find a job?

ISA: No

Traditional Loan: Yes

Do I pay if I make very little?

ISA: No

Traditional Loan: Yes

Who can get it?

You need to have an EU passport, or to have completed your secondary education in Germany.

What do I need to do?

Get accepted onto DSR and sign the participant’s agreement, and pass an interview with Chancen eG, who provide the financing. If you live in Germany, the interview’s in Berlin, otherwise, it happens online.

How do I repay it?

Tuition repayment starts once you get a job earning more than €21.000 a year. You pay up to 12,5% of your income for five years, but your total repayment’s capped. Two examples for the repayment through the income share agreement is given below.

Note that Chancen eG is a partner of Data Science Retreat and has its own admissions process. They will ask you for:

1) CV

2) Motivational Letter covering the following questions:

  • Why do you want to study Data Science?
  • Why at DSR?
  • Why do you fit into our solidarity model?
  • Please describe a difficulty that you have overcome in your life.

3) References (e.g. high school diploma, transcripts of Bachelor/Master/PhD, potential work references)

4) Interview 

The entire process should last around two weeks, so please plan ahead. You cannot start your training at DSR until Chancen eG has accepted you.

Click here for more information on the ISA offered by Chancen eG.

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