Friday 10 July 2020

‘Dutch student debt is expanding by 55 cents a second’

Student debt in the Netherlands has reached a new high of €17.6bn, the Telegraaf  said on Wednesday. Five years ago, the amount that has to be repaid to the government was put at only €12bn.

‘With the launch of the new student borrowing system, debt is climbing steadily. The 700,000 students borrowing for their studies now owe an average of more than €14,000. This often makes it difficult for them to enter the housing market,’ said Jan Sinnige, chairman of the student organisation ISO.

The ISO is launching its study debt meter on Wednesday. ‘We expect this to indicate a growth in student debt by 55 eurocents per second, Sinnige explained. He is urging the new government to inform future students of the true cost of a university education.

Chairman Jarmo Berkhout of the LDVb student union goes a step further. ‘Tuition fees should be lowered. In less than 10 years time tuition has risen by at least €446, bringing the total to more than €2,000 next year. The threshold keeps getting higher,’ he said.

The Netherlands scrapped student grants in 2015.

Thank you for donating to DutchNews.nl

The DutchNews.nl team would like to thank all the generous readers who have made a donation in recent weeks. Your financial support has helped us to expand our coverage of the coronavirus crisis into the evenings and weekends and make sure you are kept up to date with the latest developments.

DutchNews.nl has been free for 14 years, but without the financial backing of our readers, we would not be able to provide you with fair and accurate news and features about all things Dutch. Your contributions make this possible.

If you have not yet made a donation, but would like to, you can do so via Ideal, credit card or Paypal.