New Dutch Student Finance System
Written in News & Updates on Thursday, 16 July 2015 16:36

The rules for Dutch Student Finance are changing for 2015-2016.

UK and Irish students can continue to benefit from Dutch student finance, though the rules will change, slightly, from September 2015. All EU citizens, are entitled to the following financial supports in the Netherlands:

1. Tuition Fee Loan [collegegeldkrediet]

2. [Living Expenses] Loan

3. Grant [where family earns less than €46,000 pa]

The repayment period for the above loans has been extended to 35 years, from graduation. This year, the interest rate on these loans was a very low 0.12%. You should note that, to be entitled to the Living Expenses Loan and or Grant, of up to €854 per month, you need to acquire a part-time job in the Netherlands. This condition does not apply to the Tuition Fee Loan. The Tuition Fee Loan covers full fees for the programme for which you have been accepted.

The biggest change, for 2015, is that the Living Expenses Loan was previously a Grant, though some element of the grant characteristics of this support remain in the grant that is available to families who earn less than €46,000 pa.

Above: the city of Groningen, in the Netherlands

To apply for Tuition Fee Loans, you need an Acceptance Letter from a Dutch University or University of Applied Sciences and have to acquired a Dutch address and be registered with the relevant local municipality. Most universities will assist you with this registration.

Financial Support in the Netherlands is managed through DUO [Dienst Uitvoering Onderwijs], which is part of the Dutch Ministry of Education, Science & Culture., in the Netherlands.