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In the Netherlands, interest on government provided student loans is pegged to the average interest on government bonds with terms between 3 and 5 years. It is
by michielvoo 14y ago
In the Netherlands, interest on government provided student loans is pegged to the average interest on government bonds with terms between 3 and 5 years. It is calculated each year, and then fixed for 5 years. *
This year the interest is 1.39%, and it's my 6th year, so the current low interest situation rates benefits me. My brother on the other hand is stuck with 4.17% until his next 5 year period starts in 2013.
* Table of interest rates over the last 20 years: http://www.ib-groep.nl/particulieren/studieschuld/rentepercentages_leningen_na_1_1_1992.asp http://www.ib-groep.nl/particulieren/studieschuld/renteperce...