I. Study Now, Pay Later
The ISA is a fair financial solution that covers the cost of your education. We believe in equal opportunities for all, regardless of financial background.
II. Freedom Through Solidarity: Income Share Agreement
The ISA allows you to focus on your studies while Chancen International Cameroon covers your tuition fees. Your commitment to the community ensures that future generations benefit from the same opportunities. Once employed, your income-based repayments will fund the education of current students.
Repayments are based on your income, meaning graduates pay a predetermined percentage of their income to Chancen International Cameroon for a specified period. We ensure that your individual needs and opportunities are met. Unlike traditional loans, there is no risk of facing the burden of a fixed debt or being restricted by rigid repayment plans. The model allows you to freely structure your professional journey.
III. Fairness, Equality, Unity: Core Values of ISA
1. Fair Funding:
Graduates do not have a fixed debt. Repayments are a percentage of their income, paid over a set number of years. You can shape your career without additional financial pressure.
2. Equal Access to Education:
Based on your passion and field of interest, you have the freedom to choose the right degree and university, regardless of your current financial situation.
3. United Community:
Graduates, impact investors, and universities are united in their commitment to give all students access to the ISA, in solidarity with both current and future generations.
IV. Together, We Share the Risk: A United Community
1. How Does the ISA Work?
The ISA depends on the commitment of all community members, united in the fight for equal opportunities. Some graduates may repay less than Chancen International Cameroon’s initial contribution, while others may repay more, as repayments depend on income. These differences in repayment amounts are balanced by the community's solidarity. The risk of an ISA contract is never borne by one individual but shared by the entire community.
2. Advantages of ISA Over Traditional Loans:
Fair funding offers a major advantage over ordinary credit institutions. With a traditional loan, borrowers have a fixed debt, high interest rates, and repayment plans that are not income-based. In this case, the borrower also risks making repayments that are disconnected from their income. A loan is restrictive and does not account for extended study periods, parental leave, or start-up phases for entrepreneurs.
The ISA contract will always adapt to your current income and evaluate your personal situation. We give you the freedom to shape your career.