Minister: 'Capping Interest on Student Loans Risky and Expensive'
10 Articles
10 Articles
Reformatorisch Dagblad
Former students will end up paying more than 2.5 percent interest on their student loans in the long run after all. D66, VVD, and CDA had stipulated a maximum in the coalition agreement, but Minister of Education Rianne Letschert notes in a letter to Parliament that the 40 million euros reserved annually is not enough to sufficiently reduce interest rates.
Algemeen Dagblad
In the long term, former students will end up paying more than 2.5 percent interest on their student debt after all. D66, VVD, and CDA had included a maximum in the coalition agreement, but Minister of Education Rianne Letschert notes that the reserved 40 million euros per year is not enough.
The coalition had reserved 40 million for it, but it will be at least four times as expensive. Minister Letschert now wants to enter into discussions with the House.
Former students will end up paying more than 2.5 percent interest on their student loans in the long term after all. In the coalition agreement between D66, VVD, and CDA, it is...
The promised interest cap of 2.5 percent on student debt costs at least 160 million euros per year, four times as much… Student debt interest cap costs at least four times as much
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