20% discount on your study loan debt
- All study financing recipients are eligible for 20% discount on study loans from the Government of St.Maarten:
- With a minimum 3 years employment or residency on St.Maarten
To request a 20% discount on your study loan debt please submit the following documents to info@studyfinancing.sx:
- A letter addressed to the minister ECYS requesting the 20% discount on your study loans
- Proof that you have been residing on St.Maarten for at least 3 years
- e.g.: Employment contract or tax declarations
- Proof that you are current with your study loan payments (if applicable)
Compensation towards DUO student loans
- Students returning to St.Maarten to work for the government of St.Maarten for a min. of 3 years can received:
- For each year of good employment performance 10% compensation towards DUO student loans to a maximum of 50 % (only for government of St.Maarten employees)
- Reduction of monthly payments based on the financial carrying capacity study
- Students returning to St.Maarten to work for the government of St.Maarten for a min. of 3 years are entitled to the following allowances:
- Reallocation Cost:
- Married: 3.750,-
- Single: NAfls. 2.000,-
- 250,- per child
- Travel expenses:
- Economy class tickets for students and their legitimate family to St.Maarten
- Transport household items and / or car
- Compensation of costs for:
- Household items: 20 ft container or 30 m³
- Household items and car : 40 ft container
- Alternatively, a onetime payment of Nafls. 5000,00 for shipping cost
- Extra luggage:
- 10 kg for passengers over 12 years
- 5 kg for passengers under 12 years
- Cash advance: Nafls 6000,00
- Hotel:
- maximum 6 weeks stay in a hotel (15% own contribution)
- Related cost:
- Administrative cost (stamp, declarations etc.)
- 250,00 per adult
- 100,00 per child