{"id":145405,"date":"2022-10-19T15:37:54","date_gmt":"2022-10-19T13:37:54","guid":{"rendered":"https:\/\/www.erasmusmagazine.nl\/en\/?p=145405"},"modified":"2025-12-19T11:26:28","modified_gmt":"2025-12-19T10:26:28","slug":"interest-rate-on-student-loans-is-rising","status":"publish","type":"post","link":"https:\/\/www.erasmusmagazine.nl\/en\/2022\/10\/19\/interest-rate-on-student-loans-is-rising\/","title":{"rendered":"Interest rate on student loans is rising"},"content":{"rendered":"

The interest rate on student loans will go up from 1 January 2023. Students in the current loan system will face an interest rate of 0,46 percent. For mbo students and (former) students under the old system, it will be 1,78 percent. Minister Dijkgraaf wants the same repayment rules for everyone.<\/p>\n

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Minister of Education Robbert Dijkgraaf wants all new students to fall under the same repayment scheme starting next year. The new rules will not apply to students and graduates who are already repaying their students loans, which means they now face higher interest rates on their debt.<\/p>\n

With interest rates on student debt rising above zero percent for the first time in years, it\u2019s becoming clear<\/a> that rates will vary between different cohorts of students. For students in the current loan system, the interest rate will be raised to 0.46 percent, which is slightly higher than previously predicted. As of 1 January, the interest rate will be almost four times higher (1.78 percent) for vocational students and current and former higher education students who still fall under the old system.<\/p>\n\n\t

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