Repayment of study loans

The legal basis for the issuance of study financing and the collection of outstanding study loans on St.Maarten are:

• the National Ordinance “Landstudietoelageregeling’
• the policy documents referred to as:
  • the draft island ordinance Study Financing St.Maarten
  • the draft Implementation Decision Study Financing St.Maarten

The National Ordinance refers to revocation in two cases:

1. Article 18: During the study
2. Article 21 – 24: After completion of the study

Non adherence to the academic performance standards (study results), after getting at least 1 year to improve

1. Lack diligence and bad behavior
2. Terminating the study without valid reason

Important note
Non submission of study results and parental taxes for an extension of your study financing or proof of completion of studies falls under this article point 3

In the event of revocation based on article 18 sub 1 b and c or article 19:
The entire amount of the study financing (all study loans and grants, relocation cost, travel expenses minus personal contribution) must be repaid including 10% interest

Article 21:

1. Study financing recipients are required to returned to St.Maarten within 6 months after their completion of their studies or request an exemption to remain abroad to professionalize or study further once this is not at the expense of the Government of St.Maarten .
2. Recipients who studied teaching or an educational related study can be required to work in education (public or subsidized) or for government if there are vacancies. (Article 24: Graduates cannot derive any entitlement to appointment in the government service or to placement in subsidized special education from the fact that they were study financing recipients (in full or in part), nor can they derive any more claims with regard to appointments in public service or subsidized special education to assert claims against Antillean young people who have received an equal or equivalent education without a study grant.)
3. Recipients can be required to work for at least 5 years on Sint Maarten.

Article 22:

In the event of revocation based on non compliance with the conditions of article 21 sub 1 and 2:

• The entire amount of the study financing (all study loans and grants, relocation cost, travel expenses minus personal contribution) must be repaid including 10% interest

Article 23:

In the event of revocation based on non compliance with the conditions of article 21 sub 3 :

• The entire amount of the study financing (all study loans and grants, relocation cost, travel expenses minus personal contribution) must be repaid including 10% interest x ((5 years –period worked) in days)/1800)
• All study financing recipients may request an overview of their accumulated debt. An overview of all payments can be viewed by logging in to the study financing portal.
• Repayment must start:
  • One (1) years after the completion of studies.
  • Two (2) months after revocation due discontinuation of study or the application of article 20 of the policy described in the Draft Island Ordinance Study Financing .
• The study debt may be forgiven in whole or in part, if the student has stopped studying because of serious physical or mental defects.
• 5-10% interest maybe calculated over the outstanding study financing debt as of the repayment date.
  • Examples of accumulated debt:
    • The Netherlands
    • The Region
    • USA

Disclaimer: No rights can be derived from the information on this page as it only summarizes the most important points of the legislation and or policy.