The Intercity Student Consultation (ISO) wants the government to impose an interest-rate cap on student debt. The advocacy organisation is calling for this after newspaper Financieel Dagblad calculated that starting January 1, 2024, the interest rate may become 2.55 per cent for students repaying their debt over thirty-five years. If these calculations are correct, a large group of students will pay more than five times as much interest as those for whom the interest rate changed this year (0.46 per cent).
‘Every year, students have to just wait and see what interest rate they will get. In times when groceries are getting more expensive, rents are rising, and tuition fees are ever increasing, this financial uncertainty leads to even more headaches for students,’ said ISO president Demi Janssen.