Where can I learn more about the model if I have further questions?

The Brain Capital team is happy to answer your questions (info@insead-tuition-fund.com, phone +49 261 450 934 950).

Who can use our funding opportunity?

All admitted students are eligible to apply. Citizens of France or Singapore as well as anyone present in either of those countries cannot receive funding due to legal restrictions.

What costs are covered by the education fund? Will living costs be covered as well?

The education fund can cover tuition for your MBA or MIM program. Living expenses might also be covered. The exact amount of funding depends on your individual profile. Please send us your application materials for more information.

Do I have to apply for participation in the Generation Contract?

Yes, an application includes your CV, transcripts, further certificates of academic or professional achievements, admission letter from the university, proof of current address, passport(s), and your 3 most recent pay slips.

When should I apply for participation in the Generation Contract?

The best time to apply for participation in the gernation contract is after passing the admission exam at the university. But there is no fixed deadline. Consultations can be scheduled at any time. It is sufficient to contact us right when you begin your program.

Can we finalize the contract over the phone?

We can answer most questions over the phone or via email. However, once you're ready to sign your contract, we'd like to meet you in Vallendar - or any other place we can mutually agree on!

Is it possible to fund living expenses through the Generation Contract?

Yes, the repayment percentage will increase proportionally according to the increased funding.

Do I have to prove any "need" for participating in the Generation Contract?

No, participation and funding is completely independent of your personal background.

Are financial securities or warranties required?

No, financial securities or guarantees are not required - an admission letter from your university is sufficient.

Is it possible to start participating after I've already begun my program?

It depends. If you are located in France or Singapore, we cannot offer you any funding due to legal restrictions.

Is it possible to receive Federal Training Assistance Act (BAföG) simultaneously?

Funding by the Generation Contract is not equivalent to income or any kind of assets according to BAföG ("Federal support in education") regulations, and it is not a state-recognized subsidy, therefore obtaining BAföG is not a problem. This information is subject to change.

Is there the possibility of partial financing?

Yes. The percentage of income-dependent repayment is then proportionally reduced. The number of repayment years remains constant.

I expect to receive a scholarship. Is it possible that Brain Capital will only cover the remaining tuition?

Yes, details regarding the funding of only the remaining tuition can be discussed during the application process. The percentage of income-dependent repayment is proportionally reduced.

What happens in case I drop out?

If you drop out of university, the amount received will be converted into a classic loan.

When does repayment start?

The repayment begins after graduation and successful career entry, provided that the annual gross income exceeds the minimum income of €30000. As soon as the income is below this minimum, no payment has to be made in the corresponding calendar year. This rule applies throughout the lifetime of the contract.

How long is the period of repayment?

Income-dependent repayments last for 10 repayment years. If your income falls below the minimum income, repayments for that year will be postponed. After 20 calendar years, all remaining payments are waived even if fewer than 10 annual repayments have been submitted. You can find an example for the repayment here.

Is it possible to repay tuition fees prior to maturity?

Yes, generally speaking that's possible. These agreements are made individually.

Which income is used to calculate repayments?

The sum of positive income according to your tax assessment.

What other obligations do I have later in my professional life?

Supported students are obliged to submit their current contact information and their annual proof of income to Brain Capital, and pay the repayment claims on time. There are no other obligations or requirements.

Are repayments tax-deductible?

Repayments to the INSEAD education fund is tax-deductible by time of payment in Germany. Description of tax deductibility can be found in legal framework effective August 2017. Future changes or divergent case law cannot be ruled out. All information is subject to change.

What happens in case of death?

The repayment is linked exclusively to the income of the subsidized student. In case of death, all claims are terminated. Dependants or insurances (life insurance) will not be used to cover open claims.

What happens to my repayment if I have a very high income?

For those who earn a lot, the contractually agreed cap applies. Over the entire repayment period no more than the inflation-adjusted double of the amount received must be paid. In addition, there is also an annual cap.

What happens to the repayment if I have a very low income (for example due to part-time work, parental leave, etc.) or if I am unemployed?

Repayments are not linked to your occupational status but to your level of income. If your income is below 30.000€ for more than 20 years, no repayments must be made. If the level of income is above 30.000€ for 5 years within the repayment period of 20 calendar years, repayment has to be made for those 5 years. By end of the repayment period of 20 years, all remaining payments are waived.

What happens to the repayment if I am unable to work?

Repayments are not linked to your occupational status but to your level of income. If your income is below 30.000€ for more than 20 years, no repayments must be made. If the level of income is above 30.000€ for 5 years within the repayment period of 20 calendar years, repayment has to be made for those 5 years. By end of the repayment period of 20 years, all remaining payments are waived.