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Audit & Taxation

Honnef Bildungsfonds is an alternative form of tuition financing

The key parameters of the brain capital tuition financing concept for Audit & Taxation are as follows:

The tuitions fees of currently 25,800€ are covered by a development fund of brain capital.
Studies can be pursued without having to pay tuition fees or any interest. Participants also benefit from an extensive coaching and counseling program.

In return, supported students commit themselves to make income-dependent payments upon graduation. This payment constitutes 9,5% of the gross income for a period of ten calendar years.

If in any year the income falls below 25.000€, the redemption obligation is ceased for the respective year. This can occur if the student e.g. continues his academic education (MSc, MBA, doctoral studies/PhD),  is on a parental leave or founds a company. Then however, the payment obligations are shifted by 1 year. After 20 years, the repayment obligation terminate entirely.
 
There are limits for both the maximum annual payments and the maximum cumulated payments. Moreover, the payments are reduced in case of a certain academic performance. In case of a dropout, the support granted is transformed into a fixed repayment obligation which can be redeemed in several installments.
 
Also a partial financing of the tuition fees by the brain capital model is possible.