A third of students borrow money to save “- NU.nl

According to research Nibud.

Borrowing money is cheap for students. In public DUO, which regulates student loans and grants, students pay an interest rate of 0.12 percent. Who this borrowed money in a savings account set can receive 1.3 percent interest and earn money.

A third of the students who participated in the survey Nibud deliberately borrow more than they think necessary shown during their studies. One in ten students will with this surplus to buy a house after his study

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Basic grant

From the new academic year starts in September Nibud expect students to borrow more. The basic grant the student will then cease to exist.

Students with a basic grant to borrow an average of 386 euros per month without basic grant 632 euros.

The college and university students borrow 36 percent DUO. A third of the students admit that they are best able to borrow less. Moreover, a third of the students to borrow money ” because it can ”.

That’s according to the National Institute for Budget Information (Nibud) not sensible because interest in the installment may be higher, students seduced may be to spend the money and the amount of a student loan is involved in entering into a mortgage.

Risks

Nibud warns of the risks inherent in a study debt . For students and parents better information institute has the leaflet ‘Guide to Student Finance and’ made. The document is intended for student counselors, financial service providers and others who educate students and parents and advice on money matters.

Student Research is done on the basis of a survey conducted by more than 2,700 college and university students has been completed.

By: NU.nl/ANP