What is Study financing
Objective
Study financing is provided by the Government of St.Maarten to eligible citizens of St.Maarten, to pursue professional development opportunities at tertiary level education thereby assisting in creation of a better future for the beneficiaries and the community at large.
The Government St.Maarten provide study financing for the following reasons:
As a investment in the human capital
To offer eligible citizens continuing education and lifelong learning possibilities
To fulfill current and future labor market demand
To facilitate nation building
Awarded Amounts
- Study financing is usually disbursed in two equal instalments commonly in months August and in January.
- Study financing recipients may also request disbursement of their funds in three equal instalments
- All payments are made in US dollars through WIB bank.
- Students studying in USM, Curacao, Aruba, Bonaire receive their payments in the local currency (Guilders).
- Students are advised to open a bank account in the country of study.
Covered costs
Startup Allowance Naf. 3500.00
- A one-way ticket to the place of study.
- A one-way ticket to St.Maarten upon completion of studies.
- Roundtrip ticket to take up an internship preferably on St.Maarten. (conditions apply)
- A roundtrip ticket in cases of death to immediate family members.
- A vacation ticket to St. Maarten.
- After completing at least two (2) years of study and good academic performance.
Maximum Duration
Study financing is granted in principle for the normal duration of the study, however the study financing must be extended yearly based on the submission of study results, parental tax income and updated personal information.
Maximum duration:
- Two (2) – Six (6) years
- depending on the level of the study
Three (3) years
five (5) years
Six (6) years
Four (4) years
- Two (2) years – Four (4) years
- depending on the study