Repaying your student loan - DUO

Repaying your student loan – DUO

Are you a sufferer within the so-called ‘toeslagenaffaire’, regarding unjustly reclaimed childcare advantages? As quickly because the Tax and Customs Administration forwards your contact particulars to DUO, we’ll contact you in individual. Until then, should you obtain a letter about your debt and have a query about it, please contact us.

You wouldn’t have to repay your student loan instantly. Once your student finance ends, a preliminary section begins on 1 January of the next 12 months. This is a interval of two years throughout which you wouldn’t have to make any repayments. However, curiosity does proceed to accrue throughout this section.

When the preliminary section ends after 2 years, the reimbursement section begins. From this second on, you might be required to make month-to-month funds.

If you come back to training throughout the preliminary section, it may be placed on maintain. This applies even when you don’t obtain student finance on your additional research.

If you must repay Lifelong Learning Credit (Levenlanglerenkrediet), the obligatory reimbursement interval begins earlier. When precisely relies upon upon the kind of training you might have accomplished. You can learn extra about this beneath Lifelong Learning Credit.

How a lot do you pay?

How a lot you must repay every month relies upon upon the quantity you owe, together with curiosity. DUO can even take your revenue under consideration.

You can use the calculation software to estimate the quantity of your month-to-month repayments.

For how lengthy do you pay?

You have both 15 or 35 years to repay your student loan. Which of those durations applies relies upon upon the reimbursement guidelines on your specific scenario.

Repaying outdoors the Netherlands

If you reside outdoors the Netherlands, there are numerous methods to repay your loan.

Reduced or zero repayments

In sure conditions, you possibly can scale back your repayments or pay nothing in any respect.

Early or extra repayments

You can even select to make early or extra repayments. Several choices can be found.

READ:   Student Loan Guide | Basic Infos Beginners Must Know

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