A new student loan system was introduced this week in the House of Representatives, which will end the basic grant system. The new loan system will not affect students who are on the current basic grant. The new loan system is a way for the Dutch government to invest in the quality of higher education system.
According to Nu.nl
, support for the proposal by Jet Bussemaker, Minister of Education was not unexpected. In spring, the ministers of VVD, PvdA, D66 and GroenLinks had already reached an agreement.
The payback period on these loans is to a period of 35 years and the amortization is limited to 4 % of the monthly income that is redeemed only in the case of a salary above or that equals the minimum wage.