The StudierendenGesellschaft Witten/Herdecke is a non-profit organization, that was founded in 1995 by students of Witten/Herdecke University (UW/H). The students in Witten organize their financial contribution to the UW/H fees themselves and independently. The ISA, the Income Share Agreement between student generations (or „umgekehrter Generationenvertrag“, abbreviated „UGV“ in German), as a payment concept for their financial contribution promotes equal opportunities in education and freedom at Witten/Herdecke University. The three payment modes enable students to finance their studies independently from their parents’ income or social background.
Since 1995 the SG guarantees free access to higher education, an independent study organization and a free choice of a professional career for all students. Why? Because studying in Witten is not bound to money!

SG team complete

Besides organizing the students’ financial contribution – which is currently about € 10.0M yearly – and the support of student-based activities, the SG is co-owner of Witten/Herdecke University. Throughout this position, the students can voice their interest and needs insistently.

Our values: the three freedoms

When the introduction of tuition fees at Witten/Herdecke University was imminent in 1995, the concerns were great: How can we prevent that from now on it is mainly money, but not individual abilities, that decides who studies in Witten? How can we prevent the economisation of studies? How can we prevent studies and career choices from becoming increasingly subordinate to financial constraints?

These questions not only found a convincing answer in the Income Share Agreement, but also contained what we still see as the ideals of the student society many years later: The Three Freedoms.

Free Access to Hiquer-Education

The RGC enables you to study at the UW/H regardless of your financial background. It depends solely on you and your abilities, not on the thickness of your parents’ wallets.

Free Independent Study Organization

Students are entitled to exercise their personal independence and responsibility in designing their own course of study, without limitation due to having to make a financing contribution. Economization of one’s education – a principle by which financial necessity restricts the time a person is allowed to study – is not adequate to this entitlement. Paying a fixed amount while one is still in school is an expression of this principle.

Free Choice of a Professional Career

All graduates should be entitled to choose what profession they take up freely. Such a choice must not be limited by a set mountain of debt. This principle is reflected in payment later according to one’s income; i.e. once you have completed your education, you contribute what you can, based on your financial capacity.

The Three Freedoms are the fundamental values of our work in the Students’ Society. They are complemented by another ideal, without which no freedom can grow: Solidarity.

The StudierendenGesellschaft spans a net with you and all its members that catches all those who fall. In return, you pay a larger contribution if you earn more, or are supported by the others if you cannot afford to pay back. In this way, the cohesion and solidarity of the students gives you the freedom to shape your life the way you want.

Freedom through solidarity – and solidarity through freedom.

Statues & Association bodies

The general assembly has lastly amended the current statutes of StudierendenGesellschaft Witten/Herdecke e.V. on March 4th, 2016. They can be downloaded (German only) here.

As the highest-ranking body of the StudierendenGesellschaft, the general assembly comprises regular members (students currently enrolled at Witten/Herdecke University) and supporting members (alumni and externals). It decides on appointment, dismissal and discharge of the supervisory board; amendments to the articles of association; model contracts governing tuition payment for studies at Witten/Herdecke University.

The executive board is appointed by the supervisory board and currently consists of four students plus two further students in the capacity of a project manager. It is in charge of day-to-day business, accounting and the preparation of annual financial statements and the budget for each fiscal year.

The supervisory board comprises eleven members, six of them UW/H students. Among its duties are the supervision of and advice to the executive board as well as its appointment, dismissal and discharge. Furthermore, the supervisory board approves the annual financial statement and budget.

The social committee aims to avoid undue hardship related to the implementation of tuition payment contracts at Private Universität Witten/Herdecke.

The conciliation office regulates all legal disputes that may arise from contracts on tuition payments as a first recourse. Only if a final decision of the conciliation office is not accepted are the parties involved free to take legal measures.

Two executive board members represent the StudierendenGesellschaft among the UW/H Associates. The associates are the owner of UW/H and decide on the highest level about the long-term development of the University.

SG organigram

People in the SG

The SG is shaped by many people…

v.l.t.r.: Takashi Themann, Ingmar Lampson, Tom Eisterhues, Amelie Feuerstack, Sarah Luther, Nils Luerweg, Felix Stremmer, Madelin Riesen, Caspar-Fridolin Lorenz, Max Grünwald (nicht im Bild: Dr. Sarah Becker, Dr. Hans-Georg Beyer, Prof. Dr. Felix Fabis, Pauline Griese, Sabine Falke-Ibach)

Executive Board

The StudierendenGesellschaft Executive Board manages and represents the organization. It consists of at least three active members of the society, which are appointed by the supervisory board. Essential areas of work are Communication, Financials and IT.

Finn Lampson

Board member of communication

Finn Lampson has been studying philosophy, politics and economics at Witten-Herdecke University since 2020. Before his studies, he ran the “Schülercafé” at his former school, for which he also managed the finances. In 2016 and 2017, he took part in the simulation game “Youth in Parliament” in Hamburg. From 2019 to 2020, he spent a year in Canada, where he first worked for a trading company in the maritime industry and later on gold mines. Finn Lampson has been a member of the SG Executive Board since November 2021.

Ingmar Lampson

Board member of risk management

Ingmar Lampson has been an economics student at UW/H since 2006. For several years he was active in controlling at Sal. Oppenheimer jr. & Cie AG & Co. KGaA. In 2011 he started in the controlling division of Klett Lernen und Information GmbH, Stuttgart. In 2013 he took over the position of managing director at praxisDienste Fortbildungs GmbH, Heidelberg. He is a board member of SG since 2009.

Nils Luerweg

Board member of communication

Nils Luerweg has been studying philosophy, politics and economics at the University of Witten/Herdecke since 2016. Before studying in Witten, he completed internships at a financial service provider and in the German Bundestag. In addition to his studies, he co-chaired the initiative “Willkommen in Witten” and most recently worked as a lecturer in labor market qualification. Politically, Nils Luerweg is also involved in the CDU and in the nonpartisan RPJ. Since October 2019 he has been a member of the board of SG.

Project Management

The student project management of the StudierendenGesellschaft supports the Executive Board in operational tasks and carries out independent projects.

Florian Berth

Project Manager IT

Florian Berth has been studying Management B.Sc. at UW/H since 2020. Most recently, he worked as an IT consultant for a medium-sized family business. At SG, he is responsible for the operational functionality of the organization as well as the long and medium-term development of the IT infrastructure.

The staff – the heart of the SG

With a lot of perseverance and care, Cäsar Scaffidi-Abbate, Regine Bongert, Petra Soldat, Daniela Rode (from left to right) and Stefan Maetschke (not in the picture) are responsible for the entire operational handling of the Income Share Agreement. In addition to bookkeeping, contract administration and office organisation, they take care of the support and counselling of active students and repayers. Furthermore, they are your contact persons for all questions regarding enrolment, the Income Share Agreement, repayment and the social committee.

Supervisory Board

The supervisory board is the advisory and supervising committee of the StudierendenGesellschaft. It consists of supporting members (external persons associated with Witten/Herdecke University) and orderly members (students from different departments and semesters). Among the supervisory board’s tasks are the supervision of activities performed by the board of managers and the providing of support on special questions.

Student Members

Tom Eisterhues
Student Psychology (UW/H)

Maya Maihack, Deputy Cairperson
Student Philosophy, Politics and Economics (UW/H)

Alexander Keller
Management student (UW/H)

Clara Ridder
Student Human Medicine (UW/H)

Naima Weckert
Student Psychology (UW/H)

Non-Student Members

Prof. Dr. Felix Fabis
Professor at the Police Academy of Lower Saxony, Oldenburg
Former lecturer at the Faculty of Economics (UW/H)

Klara Elif Jungermann
Alumna of Philosophy, Politics and Economics and Doctoral Candidate of Economics (UW/H), Investment Manager

Caspar-Fridolin Lorenz, Chairperson
Alumnus of Economics and Cultural Reflection (UW/H) and student of Cultural Studies (HU Berlin)

Felix Stremmer
Alumnus of Economics (UW/H), former board member of the SG


The SG’s statutes were drawn up at the founding meeting in 1995 and have formed the core of our association ever since. You can take a look at the current version of our “holy statutes” here.

  • 2018

    Successful Refinancing

    The StudierendenGesellschaft has once again been able to successfully refinance itself. With a loan of 9.65 million euros from GLS Bank, the Reverse Generation Contract is also secured for the future. The need for refinancing has arisen because the number of students has been increasing strongly for years, and with it the tuition fees to be prefinanced by the SG. More information on the successful refinancing step in our press release.

  • 2016

    The SG celebrates its 21st Birthday

    The StudierendenGesellschaft is coming of age – this or something similar could be the explanation for its 21st birthday. Together with friends, alumni and students, the SG celebrated its international anniversary on 11 June 2016 and looked in three parts at what was, what is and what may come. The focus was on the appointment of founding father Dr. Konrad Schily as an honorary member of the SG, the critical panel discussion on the topic of “Downstream tuition fees in Germany” and the evening SG alumni dinner. While the discussion with the press, politicians and businessmen dealt with the future question of how sensible it might be for students to participate financially in their university, the anecdotes and stories from times past set the tone at the dinner. Later in the evening, the SG brought the university to life with students and alumni: In the café, people danced to beats by DJ Través from Hamburg and Philip Zerr from Witten until the early hours of the morning. We would like to thank all our guests and supporters for the wonderful birthday. Here’s to the next 21 years! More photos: see impressions.

  • 2014

    First Bond issued by SG

    UW/H continues to grow to almost 2500 students. A larger percentage of the newly enrolled students opt for payment after graduation provided for in the inverse contract between student generations. This is why the SG registers an emerging financial gap.

    More funds are needed to bridge the gap between pre-financing tuition fees to the university and receiving payments from the graduates. The StudierendenGesellschaft issues a first bond with a volume of € 7.5 million, a term of 10 years and a fixed annual rate of 3.6 %. The bond is traded in the open market of the Düsseldorf stock exchange (WKN/ISIN A12UD9/DE000A12UD98), issue of consecutive bonds is scheduled every three or four years.

  • 2009

    Again: Rise in Tuition Fees

    As a consequence of the severe financial crisis at the university late in 2008, another rise in tuition fees was decided as a contribution to the university’s recapitalization. A temporary supplementary contribution was charged in addition to regular fees and was reduced in 2014.

  • 2005

    Voluntary Increase in Tuition Payments

    On June 27, 2005 the SG general meeting decided to charge higher tuition fees starting with the winter term 2005/2006 in order to give more support to Witten/Herdecke University in its financial straits. At a time of student rebellion against the introduction of tuition payments at many state universities, this voluntary acceptance of higher tuition fees received a great deal of public attention.

  • 2001

    University Associates

    In 2001 the UW/H Board of Directors conferred one of the 12 seats on the body to the StudierendenGesellschaft. In 2009 the Board of Directors was replaced by a board of associates where the StudierendenGesellschaft (in 2015) holds a share of ca. 4 %.

  • 1995

    StudierendenGesellschaft was founded

    Students saw a need to take charge of the tuition payment scheme and for this purpose founded a student organization. The StudierendenGesellschaft was founded in May 1995 with 117 founding members – an unusually large number. The legal form of an association was deliberate and was intended to permit participation on a broad basis. The association has been and still is student-managed, and decides on tuition fees in mutual agreement with the university management. This inclusion of students illustrates the entrepreneurial spirit of Witten/Herdecke University and its mission statement: encourage freedom, strive for truth, promote social responsibility.

  • 1995

    Inverse contract between student generations

    Sketched on a paper napkin, the core concept of an inverse contract between student generations was born at the kitchen table of a shared flat in Witten at midnight. The idea was an option to start tuition payments after graduation, i.e. as soon as a graduate has a job and an income. Contributions geared to a student’s individual circumstances and not to social background might help the university to remain true to its principles: an institution of tertiary education where individual performance, integrity and responsibility for the common good are the main criteria. The idea of the inverse contract between student generations is simple: study today and pay tomorrow. In this way, graduates pay for currently enrolled students.

  • 1994

    Introduction of tuition fees

    UW/H students returning from the summer break in autumn 1994 were informed that the university executive board and the NRW government had agreed to introduce tuition fees by the end of the year to put the university’s finances in order. Students were faced with a dilemma: they appreciated the liberal study conditions at Witten/Herdecke University which would be endangered by conventional tuition schemes; on the other hand, their financial contributions appeared inevitable to secure these conditions on a sustainable basis.

University of Witten/Herdecke

The UW/H was founded in 1982 as Germany’s first non-state university. With its three faculties – Health, Economics and Cultural Reflection – it is a pioneer in the German educational landscape. The university has set itself the goal of testing new forms of teaching and learning, developing new fields of study and approaches in research, as well as breaking new ground in the organisation of an academic university. Its aim is to create a framework that enables students to shape their studies freely and on their own responsibility. The development of the personality is an equally important goal alongside the acquisition of academic qualifications.

The number of study places has risen continuously in recent years. Currently, Witten/Herdecke University has around 2,500 students in 19 degree programmes.

The UW/H was founded in the early 1980s as Germany’s first private university. In addition to the medical school, it also offers the possibility to study dentistry and nursing, as well as philosophy, business and cultural reflection.
The goal the UW/H has set for itself is to test new forms of teaching and learning, to develop new directions of study and new approaches to research, and to take new paths toward the organisation of a scientific academy. It aspires to the creation of a context that will enable students in freedom and self-responsibility to design and organise their course of study. In this process, the goal of personal development has equal priority with that of acquiring special qualifications. The course of study emphasises practical relevance, methodological thinking, and interdisciplinarity, for the sake of developing the ability of autonomous problem-solving. “Transformation, not training” might be a suitable summary of these goals. For more on the UW/H, click here.

SG und UW/H

The relationship between Witten/Herdecke University (UW/H) and the StudierendenGesellschaft functions on a partnership basis. Each student makes his or her financial contribution through the StudierendenGesellschaft. The tuition fees handled by the StudierendenGesellschaft are based on a unique contribution idea, one that incorporates an understanding of students as entrepreneurs. Changes in the amount students contribute to UW/H must always be made in agreement between the UW/H and the StudierendenGesellschaft. The fact that students control the processing of tuition fees is an example par excellence for the implementation of the basic principles of the UW/H:

encouragement of freedom

striving for truth

promoting responsibility

and of its fundamentally entrepreneurial understanding of the notion of higher education.

“The funding shares students contribute to the University’s budget serve its long-term safeguarding and preservation. The range of this contribution to the success of the idea which is the „Private Universität Witten/Herdecke gGmbH“ is determined according to the students’ financial capabilities and their appreciation of the University, but not according to the compass of the services from which the students profit. It is in this spirit that the members of the StudierendenGesellschaft unite to become a shared risk community mutually supporting one another in the realization of the three kinds of freedom.”

(excerpt from the contribution regulation for the summer term 2015, effective 3 March, 2015).

Moreover, since 2001, the StudierendenGesellschaft has been a shareholder of the UW/H. With a current share of about 7,6 % of the University’s business, it is represented in the shareholders’ assembly by two members of the board of directors and advocates especially the maintenance of liberal conditions of study.


More students – more education – more funding needs

The number of students at Witten/Herdecke University has doubled in the past five years. Currently, the university, which is privately run, has around 2,400 students. By 2020, the number is expected to rise to up to 3,000 due to the growing demand for study places.

To finance the tuition fees in a socially acceptable way in Witten, about half of the enrolled students currently use the Income Share Agreement (ISA) and are thus part of a cross-generational solidarity community. The ISA enables all students to finance their studies in a socially acceptable way – regardless of their socio-economic background. The expected increase in the number of first-year students means that more students will make use of our financing model in the future.

For the StudierendenGesellschaft, as the central administrator of all tuition fees and developer of the ISA, this means that it will have to disburse higher financial contributions to the University in the coming years. To be more precise: it will need more funding to bridge the period between the disbursement and the start of the repayments.

First step: A bond with non-material and financial returns

The successful start to the refinancing of the StudierendenGesellschaft and thus the long-term safeguarding of the Income Share Agreement was demonstrated by the placement of the first student bond in November 2014. Click here for details of the student bond.

next step: A loan agreement with GLS Bank

Three years later, in January 2018, a loan agreement for 9.65 million euros was signed with GLS Bank. A favourable interest rate environment and the willingness of all banks approached to take the second refinancing step with the StudierendenGesellschaft led to the decision for a loan. Here is the press release on the loan agreement

Our Partners


Nils Luerweg