student loans

Student loans: 0% interest rate in the Netherlands

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Student loans step into a new era!

This is not a joke. On October 27th, DUO – The Dutch Ministry of Education – has decided to cut the interest rate on student loans to 0%. This will be applied as of next year.

student loans interest rate

In September 2015, some important changes had already been approved. In fact, the repayment time of the study loans was increased from 15-35 years. In addition, beyond the 35th year and in case of inability, the loan will be converted into a gift. 

student loans 2015

The current interest rate on the student loans is 0.12%, thus bringing it to 0% is another huge  step!


What is student finance?

We have already talk about it, but let’s make a review!


Student Finance is also known in Dutch as studiefinanciering,. A financing package for students, offered by DUO both to Dutch and international students.

The new student finance is made of four parts:

1) SUPPLEMENTARY GRANT. Thanks to this you can receive financing based on your parents income. It is part of the student loans, but it may be converted into a gift.


2) STUDENT LOANS. Unlike the previous one, this needs to be paid back. Starting from next year, THERE WON’T BE ANY INTEREST RATES!


3) TUITION FEES LOAN– Students who have to pay regular tuition fees for public Dutch Universities of around €1,906 per year can borrow the entire amount in a form of a student finance credit.


4) TRAVEL PRODUCT– it allows you to travel around Holland for free, you just need to have an OV-Chipkart.


For more information on the student finance package click here.


What will happen now?

According to figures from DUO two-thirds of higher education students have taken out a loan to help pay for their studies.


Last year,family spending institute Nibud said that the low interest rate on student loans was prompting many university attendants to borrow money to save or spend on non-study related items. Let’s imagine now!

Of course, after the decision taken at the end of October, the previous figure will most likely increase.

Although this is a great news for all current and future students, it is less so for the government since the total debt accumulated by students has now reached almost €16 billion.

government debt

Studying in the Netherlands: we help you!

First of all, Study Financing is committed to help students achieve their study and professional goals.

We want to help and be a support for you before, during and after your studies. In fact, Study Financing offers services to advise students on college applications, scholarship, financing, internship and much more.

More about student financing

Your application for student financing can be a long and tedious process. But there is a more simple way. 

We recommend you to read our college guide  and then, to book a session with one of our advisorsin order to complete the application process as fast and efficient as you can.

During this appointment we will help you complete the application process step-by-step. Using our personalised approach, we will tailor the meeting to your needs and requirements.

This is what students say about us:

“I was having some difficulties with DUO when I first arrived in Rotterdam, I didn’t know who to talk to, how to fill out my application, and I wasn’t exactly sure what the requirements were in order to receive studiefinanciering. Then I heard about Kristian’s Study Financing. If it wasn’t for him, I probably wouldn’t have been able to get my DUO as fast as I did and I was able to do it with minimal hassle. Anyone who’s looking for help with their application should definitely book an appointment with Study Financing Netherlands. They can handle every client with the utmost care and diligence.” Deni, student at Erasmus University of Rotterdam 5/5 |⋆⋆⋆⋆⋆


The Netherlands is the place to study.

Well, if you were still doubting whether to study in the Netherlands, the recent news may have helped you clarify your mind. Besides, now you know you are not alone in this process and that there are many ways to finance your studies!

You can also apply for the many different scholarships offered by the Dutch government. Again, we are here to help you.

We are here to help you achieve your goals.

Don’t lose more time, get in contact with us and start this new academic path in the Netherlands!