Incentives to return home

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

 

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