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Loans and Grants for Undergraduate Students in Holland

If you’re British and you weren’t ordinarily resident within the Netherlands earlier than thirty first December 2020 then the knowledge on this web page is now not of any relevance to you. The Brexit deal implies that British students at the moment are handled as worldwide students at Dutch universities by way of the tutoring charges they pay and their skill to entry Dutch student finance. If you’re British and still have an EU passport you possibly can proceed to profit from EU charges and finance on the premise of your extra nationality. However, if you’re solely British issues have simply turn into much more costly than they have been. This doesn’t essentially imply that Dutch larger schooling is just too costly. It may nonetheless work out cheaper than British larger schooling in some restricted circumstances. It is actually nonetheless cheaper than most of the personal universities elsewhere in Europe that some British students routinely take into account however there isn’t a denying that the monetary actuality has modified.

As worldwide students, British nationals can now in all probability apply for the Holland Scholarship and, at postgraduate degree, there will be extra choices for monetary help. However, for Bachelor’s levels there’s normally nothing accessible on the institutional degree.

We have stored the knowledge on this web page accessible for these of you with EU nationality.

1. How Dutch Student Finance works?

Studying within the Netherlands will not be free, neither is it essentially low-cost. We can confidently state that the general price ticket of a 3 yr undergraduate diploma might be roughly £30,000 cheaper than its equal within the United Kingdom for these students who’re each British and EU nationals. However, this is probably not what your British diploma truly prices you. Student finance in England is now structured in such a method that you may be unlikely to know the true value of your diploma till 30 years after you graduate.

The greatest impediment to learning within the Netherlands remains to be monetary as a result of regardless that the general value is normally a lot decrease, you’ll not be eligible for British student loans and grants. As quickly as you determine to review outdoors the United Kingdom, the British authorities stops serving to you financially. The solely exception to that is in the event you go overseas on an trade from a British college – an effective way to get worldwide expertise however not an effective way to keep away from British tuition charges.

2. If British Student Finance is not accessible what are you able to get?

a. Help with tuition charges?

Because the European Union dictates that each one EU residents should be handled equally, EU passport holders are robotically eligible for a tuition charge loan from the Dutch authorities. This known as Collegegeldkrediet. You haven’t got to use for Collegegeldkrediet in the event you don’t want it and you may pay the charges upfront if you want. Some universities cost larger tuition charges, particularly personal universities and college faculties. In these instances it is possible for you to to borrow the complete quantity if you’re learning a Dutch accredited diploma.

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This loan is out there to anybody with an EU passport. It will not be necessary the place you’re ordinarily resident.

There are some necessary situations you should meet however these are hardly ever a problem for EU students. You should be beneath the age of 30 whenever you begin your course*, you will need to have a Dutch bank account and you will need to have a Dutch “burgerservicenummer” (citizen service quantity) which you’ll solely obtain when you’ve gotten a everlasting deal with within the Netherlands.

*If you may be over 30 whenever you intend to begin your research, there’s a new Lifelong Learning Loan that may be accessible for you.

How does Collegegeldkrediet work?

This is the tutoring charge loan part of Dutch student monetary help. It consists of a loan to cowl the tutoring charges to your course. In 2021/2022 this can usually be €2,168. The loan is paid straight into your bank account in month-to-month instalments and it’s your accountability to pay the college. Payments are normally made across the twenty first of the month.

Some universities request cost in full for the entire yr, or initially of every semester. This can imply that you need to pay the charges earlier than you obtain the loan which can have a short lived influence in your cashflow.

You must pay curiosity on Collegegeldkrediet and that is utilized from the day you’re taking out the loan however the price charged at the moment is near zero.

There is a two yr interval after commencement earlier than you begin repaying your loan. The loan should be repaid in full over a most of 15 years and there’s no mechanism for it to be written off robotically after that point. DUO will calculate the speed of reimbursement. The minimal month-to-month reimbursement is EUR 45.41 however this may be lowered on the discretion of the Dutch authorities. You must repay the loan in full even when you don’t full your diploma or in the event you go away the nation.

Assuming you’re taking out Collegegeldkrediet for a three-year undergraduate diploma, the full you’re prone to owe upon commencement is round €6,500.

You can solely apply for Collegegeldkrediet after getting a confirmed supply from a Dutch larger schooling establishment. Your supply will solely be confirmed after getting obtained your faculty diploma outcomes and you’ve got a registered deal with within the Netherlands. For most students this implies you can not apply till simply earlier than you begin your course. As a outcome, it’s fairly widespread for the loan to come back via after you’ve gotten needed to pay the primary instalment of the charges.

You can apply for the loan at any level as much as 31st January within the tutorial yr for which you want to declare.

The present software kind is right here. You will solely use this manner if you’re not additionally making use of for help for residing prices. Please remember that the placement of the applying kind modifications with alarming regularity. We attempt to hold the hyperlink updated however that is an ongoing wrestle.

For extra info

b. Help with residing prices?

Nothing….

…until you’re employed part-time for 56 hours a month each month of the yr or meet another necessities. You can entry help in the direction of residing prices (Studiefinanciering) in the event you meet any of the next:

  • you’ve gotten a Dutch passport, or have been resident within the Netherlands for 5 years with out important interruption;
  • you’re employed 56 hours a month in a registered job. You will should be registered with the Dutch authorities for earnings tax and nationwide insurance, though as a student you gained’t truly must pay this. You should work this quantity each month so it will likely be troublesome to return to the UK for the entire summer season, for instance;
  • you’re married or have a companion from the EU and Switzerland, in the event that they work 56 hours a month with a contract from a Dutch employer;
  • your father or mother works 56 hours a month with a contract from a Dutch employer and is resident within the Netherlands;
  • If you, your companion or your father or mother is an unbiased entrepreneur and/or freelancer based mostly within the Netherlands, works 56 hours a month, and you may show this to the satisfaction of the Dutch authorities.
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There are some extra situations that you should meet with a view to be eligible for “Stufi”. You must have the job for 3 months earlier than you submit your declare for help. The help you obtain won’t be backdated so, until you line up a job earlier than you begin learning, you can not depend on this help from day one. If you’re employed you will need to additionally buy Dutch well being insurance. Ordinarily you possibly can survive within the Netherlands with a European Health Insurance Card (EHIC) from the British authorities at some stage in your diploma (please ensure you are conscious of what is not lined by EHIC in the event you plan to do that). If you’re employed, you’ll need full well being insurance. The value of this insurance is normally round €90 a month however you possibly can declare again round €70 of this (solely if you’re working – you can not declare something again in the event you aren’t).

This monetary help is offered on the premise of your residency standing within the Netherlands and never your student standing.

Finding an appropriate job will be very troublesome and there’s nothing we will do that can assist you discover one. We advocate that you simply have a look at our companion, College Life’s web site as they may have vacancies so that you can take into account.

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How does Studiefinanciering work?

Please bear in mind you can not entry any of this until you meet not less than one of many standards outlined above.

If you’re a full-time student at a Dutch larger schooling establishment now you can borrow up €1,016 monthly. This consists of the tutoring charge loan quantity. If you’re paying larger than regular tuition charges, resembling institutional charges at University Colleges, you possibly can borrow as much as €1,667 monthly. Effectively which means you’ve gotten an earnings of as much as €800 a month from this supply.

Bearing in thoughts that you should work 56 hours a month with a view to declare this, this can be very unlikely that you’d want the complete quantity with a view to meet your residing prices. There isn’t any hourly minimal wage within the Netherlands however in the event you have been working 56 hours a month it’s possible that your gross pay can be between €255 (19 years previous) and €485 (23 years and older).

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There is a mechanism by which as much as €378 monthly of your loan will be transformed into a present so long as you graduate inside 10 years. This will rely on parental earnings.

There is a calculator for figuring out your eligibility for a loan on the DUO web site right here.  It is simply accessible in Dutch.

This loan attracts curiosity on the price of 0.81% every year.

The reimbursement interval for Studiefinanciering has been elevated to 35 years. Any remaining debt might be waived after this time.

You can solely apply for Studiefinanciering after getting three months price of payslips from a Dutch employer that show you’re eligible for it. You can apply on-line or discover the shape right here. It is all in Dutch.

For additional info please go to the DUO web site.

c. How to repay Dutch student finance?

Repayment of Dutch student loans is dependent upon the quantity that you’ve borrowed.

  1. If you solely have Collegegeldkrediet you will need to repay over 15 years.
  2. If you’ve gotten Studiefinanciering you will need to repay over 35 years.

Repayments will rely on the general measurement of the loan however there are some safeguards constructed into the system. You won’t must repay if you’re incomes lower than the full-time minimal wage. Repayments might be capped at a most of 4% of your gross earnings above the minimal wage. It is unclear precisely what thresholds will apply in the event you go away the Netherlands.

Default of loan repayments will not be a serious downside for the Dutch authorities. However, any student who leaves the nation with the intention of not repaying the loan will virtually actually be discovered if they continue to be inside the European Union. Students will then must pay again not simply the unique loan but additionally a punitive price of curiosity. The Dutch authorities will even be entitled to recuperate the price of monitoring down defaulters. This may simply treble the general quantity of the student loan. In quick, failing to take accountability for a student loan from the Dutch authorities is an unwise, to not say an unlawful, suggestion.

3. Other sources of monetary help for British students within the Netherlands

There could also be research grants and scholarships accessible for sure programs however for British nationals these are extraordinarily uncommon. It is truthful to say they’re virtually non-existent at undergraduate degree. Still, it’s price testing www.grantfinder.nl.

EU nationals must also be eligible for housing profit so when you’ve got your personal rental contract you possibly can apply for Huurtoeslag. Our companion, College Life, supplies a calculator that gives you a sign of the quantity you would declare again. We can not take any accountability for the accuracy of the outcomes however it’s price a glance.