Politics · Netherlands · 11 hrs ago

Dutch MPs want €40m a year redirected after student loan rate cap is dropped

Dutch MPs want €40m a year redirected after student loan rate cap is dropped

The promised cap on interest for student loans has been dropped in the Netherlands.

The cap would have limited the interest charged on students’ debts.

A parliamentary majority wants to redirect €40 million a year that had been set aside for the cap.

The money would instead go to other education goals, with vocational students among those highlighted.

D66 proposed the change in a motion signed by the VVD, CDA, JA21 and Christian Union parties.

The motion calls for the reserved money to be used differently, but the information available does not say whether it has been adopted.

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