New Opportunity in the Netherlands – Life Long Learning

By: Toegther Abroad 24-08-2017 1:19 PM
Categories: * Daily employment news,


From June 8th, it is possible for anyone up to 55 years old to continue to develop with the Levenlanglerenkredit – Lifelong learning credit. As of the academic year 2017 - 2018, anyone up to 55 years old who is not entitled to study funding, can borrow money to pay tuition fees. The condition to favourably qualify for the tuition fees in is that the person pursues a degree at the MBO level (vocational training) or higher (professional training or university).

Right now, with a rapidly changing labour market, there is a need for continuous retraining and re-education. Minister Bussemaker considers it important that these opportunities do not stop after the regular study time: ‘It is very important for everyone to continue to develop in order to keep up with changes in their own jobs, or to make it easier to move from one job to another. With the Levenlanglerenkredit, this is possible for everyone.’

The amount of the Levenlanglerenkredit depends on the tuition fees that the student has to pay. One can apply for credit for the duration of a program. The same interest rate applies to students who are entitled to a study funding. If the right to Levenlanglerenkredit stops, one will pay back on January 1 of the following year. The interest rate is then fixed for five years. The loan must be repaid within 15 years. The amount to repay on a monthly basis depends on one’s income.

From June 8, 2017, it is possible to apply for a Levenlangler credit at DUO (Dienst Uitvoering Onderwijs).

Translated by Asta Kerkhoven

Source:
https://nvp-plaza.nl/nieuws/5803/blijven-ontwikkelen-met-het-levenlanglerenkrediet

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