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Student Finance Court Ruling A Boon to Expats

The case focused on the rights of expats to claim a type of fee assistance called “student finance”. Not only does student finance provide a loan on favourable terms, it also reduces the overall fee burden from the standard “university tuition fee” to the less demanding “statutory tuition fee”. This has the potential to save expat students and their families as much as several tens of thousands of Euros per year.

Who is Eligible for Student Finance?

Any person who is either an EU/EEA/Swiss citizen or a direct family member is entitled to receive student finance. Permanent residence holder permits and refugees are also eligible.

The judge hearing the case at Amsterdam District Court ruled that the law preventing expats from claiming student finance violated European Convention on Human Rights non-discrimination law stemming from the European Convention on Human Rights because it allowed student finance for some independent residence permit holders, but not others, without providing any clear explanation as to why.

The Dutch Minister of Education may still apply to the Central Court of Appeal in Utrecht in order to contest the decision. However, this must be completed before the end of the month or the District Court’s ruling will prove binding.

Talk to Blacktower Today

If you would like help structuring your wealth and building a long-term strategy for your finances, including education fee planning and retirement strategies, talk to Blacktower’s expat financial advisers in the Netherlands today.

This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.

Other News

New Year resolutions for a fitter financial future

Goals for 2018Well, you have probably already swept away the party poppers and Champagne corks, but now is the time to reflect on 2017 and consider the future.

It’s also, of course, the time to make New Year resolutions. For most people, such ‘resolutions’ are often ambitious, unrealistic and maybe even harmful (I mean, giving up chocolate – that’s never going to happen).

In fact, research from the University of Scranton, USA, in 2013 found that a mere 8% of people achieve their New Year goals, and a ComRes poll from November 2015 revealed that 43% of all the failed resolutions that year hadn’t even lasted a month.

It seems that the typical pledges of eating more healthily, taking up a new hobby and giving up bad habits are really not achievable and it’s becoming increasingly common for resolutions to be financially related.

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