study loan
- Name of the instrument - Local language
- Studievoorschoot
- Name of the instrument - English translation
- study loan
- Scheme ID
- 166
- Country
- Netherlands
- Reporting year
- 2015
- Type of instrument
- Loan
- Type of entry
- Single instrument
- Short description
First time students in higher education can apply for a study loan. The scheme is also open for adults. The government - via specialised agency - provides study loans and subsidises interest rate. Additional financial support is provided if the applicant comes from a low income household. Repayments are income-contingent and start after graduation.
- Short description of the related instruments
nap
- Level of operation
- National
- Name of a part of the country
- nap
- Name of the region (for regional instruments)
- nap
- Name of the sector (for sectoral instruments)
- nap
- Relevance
- Key scheme
- Legal basis
Amendment of 21 January 2015 to the Law on the financing of higher education studies
- Year of implementation
- 2015
- Operation/management
Dienst Uitvoering Onderwijs (DUO) - an agency of the Ministry of Education, Culture and Science - checks eligibility, pays out student finance, organises repayments of the loans and monitors the data which is sent then to the Ministry of Education.
- Eligible group(s)
First time students
- Group(s) with preferential treatment
None
- Education and training eligible
Higher education (ISCED 5)
- Source of financing and collection mechanism
State (current financing - providing loans, interest rate subsidy)
individuals (repayment from future income)- Financing formula and allocation mechanisms
Students in higher education can take a loan up to EUR 1 016 per month. A maximum of EUR 378 of this amount can be granted to students with parents with low income. This grant will not need to be paid back if the diploma is obtained within 10 years. If tuition fee needs to be paid, an additional amount can be borrowed, increasing the maximum monthly loan to EUR 1 667. While the interest rate for the students loan is 0.81%, the common interest rate for loans in 2014 is around 3% (the government regulates and subsidises the interes rates for the student loans). Repayment starts after graduation.
- Eligible costs
Fees and other costs related to education and training (living costs)
- Volumes of funding
na
- Beneficiaries/take up
na
- Monitoring/evaluation reports available
na
- Most relevant webpage - in English
na
- Most relevant webpage - local language
na
- Sources
Website of DUO (Ministry of Education Agency responsible for study loans) http://www.ib-groep.nl/particulieren/studievoorschot/
- Short description
- Short description of the related instruments
- Level of operation
- Name of a part of the country
- Name of the region (for regional instruments)
- Name of the sector (for sectoral instruments)
- Relevance
- Legal basis
- Year of implementation
- Operation/management
- Eligible group(s)
- Group(s) with preferential treatment
- Education and training eligible
- Source of financing and collection mechanism
- Financing formula and allocation mechanisms
- Eligible costs
- Volumes of funding
- Beneficiaries/take up
- Monitoring/evaluation reports available
- Most relevant webpage - in English
- Most relevant webpage - local language
- Sources