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How to pay for DSR

If we accept you onto the course, it’s because we believe you could have a successful career in data science. As almost all our participants get a data science job within three months of graduating, we’ve arranged financing with Chancen eG, so that your new career can pay for itself.

You shouldn’t have to miss out on the rewards of your next career just because your current career hasn’t put enough money in the bank.

There are two options for financing your new career in data science.

1. Pay upfront

Cost: €10,000

Two instalments:

  • €5,000 now

  • €5,000 at once, during the first two weeks after starting the retreat

2. Pay from your future income

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. (You can apply here.)

  • Pass an interview with Chancen eG, who provide the financing. If you live in Germany, the interview’s in Berlin. Otherwise, it’s online.

How do I repay it?

Repayments start once you get a job earning more than €21,000 a year, after tax.

You pay 12.5% of your income for two years, but your total repayment’s capped.

The faster you repay, the lower the cap.

  • Repay within 1 year, and your total payment is €11,000 max.

  • Repay within 2 years, and your total payment is €11,800 max.

  • Repay within 3 years, and your total payment is €12,800 max.

  • After that, each extra year adds an extra €1,000 to the cap amount.

Can I repay early?

No, the students sign a binding contract at the beginning of the retreat with Chancen and they are obliged to repay the 12.5% over 2 years (or the maximum cap), independent of when you find a job.

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The process

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: High School Diploma + Transcripts of Bachelor/Master/PhD + potential Work References

They have an interview too. The entire process should last around two weeks, so please plan ahead. You cannot start your DSR batch till Chancen has accepted you.

For more information on the Income Share Agreement offered by CHANCEN eG please visit https://chancen-eg.de/en/dsr