Funding and finance

See what loans and funding you might be entitled to during your studies

EU students

CHANCEN eG - Study first and pay later

The Income Share Agreements enable you to focus on your study programme while CHANCEN eG takes care of your tuition fees. You only start making income-based repayments once you have started working. These repayments go towards financing the tuition fees of future students. 

What is CHANCEN eG?

Income Share Agreements from CHANCEN eG take care of your tuition fees, partially or completely, during the time of study. When you graduate, income-based repayments are made to CHANCEN eG over a 10-year period. 

Who is eligible?

  • German citizens/people without German citizenship who have a German high school certificate - excl. Studienkolleg ("Bildungsinländer*innen")

  • EU citizens + Liechtenstein, Switzerland, Norway, Great Britain, Iceland, Monaco, USA, Canada, Australia, New Zealand and Israel

For more details, please visit: CHANCEN eG (chancen-eg.de)

How to apply

  • Submit your online application to Lancaster University Leipzig and receive an offer

  • You will then be able to apply to CHANCEN eG for the ISA application

  • If your interview is successful with CHANCEN eG, you will sign a financing contract with CHANCEN eG.

FINS – private student loan scheme

FINS is a private student loan scheme that offers personalised financial solutions to EU students, enabling those with a lack of financial resources to pursue higher education abroad.

The scheme was introduced to Lancaster University Leipzig in 2021 and is open to all EU students who want to apply, have applied, or have already received an offer to study an Undergraduate or Postgraduate course at Lancaster University Leipzig.

EU students can access up to EUR 18,000 for postgraduate studies, or up to EUR 25,000 for undergraduate studies.

The FINS loan scheme is flexible and can be used for the following:

  • Tuition fee

  • Monthly living costs of meals and rent (including rent deposit)

  • Books and other study materials or equipment

  • Medical Insurance

  • Transportation

  • Urgent expenses

Application process

If you would like to find out more about the application process, please get in touch with FINS on their website.

Eligibility

FINS takes into consideration the following eligibility criteria when assessing applications:

  • EU citizen pursuing their studies in another country than that where they graduated their previous education cycle

  • EU citizen that has no outstanding/unpaid debts for previous loans by other financial institutions.

Please contact info@hellofins.com for further information.

German students

BAföG -State support for studying at Lancaster University in Leipzig

The German Federal Training Assistant Act (BAföG) is state support, half of which consists of an interest-free loan and the other half of a state grant. The loan can be repaid after graduation under favourable conditions.

You can find detailed information on BAföG via the Federal Ministry

The Studentenwerk Leipzig is responsible for all applications. Please contact them via: 

Studentenwerk Leipzig

Goethestrasse 6 - 04109 Leipzig

Email: bafoegamt@studentenwerk-leipzig.de 

Tel .: +49 341 9659-5

Website: https://www.studentenwerk-leipzig.de/bafoeg-finanzierung/amt-fuer-ausbildungsfoerderung