Student loan debt plaguing Netherlands as grant system disappears
Graduating without debt is becoming increasingly difficult for students now that the basic study grant is being abolished. This has left parents with the question of whether they give their kids extra financial help, or let the study loan debts run up. Many parents can not afford the extra financial help.
This is according to the National Institution for Budget Information, Nibud, on Monday. The basic study grant will be abolished in September, at the start of the new academic year.
Nibud research showed that 58 percent of students plan to borrow more money now that the basic grant is no longer available. 53 percent indicated that they will work more hours and 34 percent said that they will have to dip into their savings. Slightly more than a third of the students indicated that they will continue living at home, even though they would have preferred living in student accommodations.
http://www.nltimes.nl/2015/08/24/student-loan-debt-plaguing-netherlands-as-grant-system-disappears/
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