Wednesday 10 August 2022

‘Register student loans with debt agency’

Á threat to register large student loans with the debt registry organisation in Tiel would be enough to scare off some students and stop them borrowing so much cash, the family spending institute Nibud is reported as saying by the Telegraaf on Friday.

Almost half of all students borrow money to see them through their university and college days, with the average loan reaching €400 a month. After four years, a student owes on average €15,000 excluding interest.
Nibud says it is very worried by mounting student debts and says registration with the debt agency would force students to think twice. Registration in Tiel makes it more difficult to get a loan to buy a car or take out a mortgage or mobile phone subscription.
The plan has the backing of banks, mortgage companies and the debt registration agency itself, the Telegraaf says.
Student bodies say they are very shocked by the suggestion.

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