More Dutch students taking out higher study loans

Students in the Netherlands more often take out higher loans to fund their studies, Statistics Netherlands reported on Monday. This year the total amount of study debt in the country amounts to 19.3 billion euros, 1.9 billion euros more than last year. This year 1.4 million people have study debt to their name, 388 thousand more than early 2015. In 2015 the student loan system replaced the basic study grant. Since then the number of students who borrow money increased, and the amounts they borrow rose faster than before.