20 years of debt, to pay for a 6 year education

Dear St. Maarten,

Another school year is upon us and as such many aspiring high school graduates have started their journey to pursue tertiary education. However not much is ever mentioned about the students who return to Sint Maarten. Usually a one year grace period is given before repaying debt and in best case scenarios a 40% discount off the total loan.

But what is the actual reality for these students? If you ask around, many are living at home with their parents because believe it or not Sint Maarten is still pretty expensive for our bright young professionals.

Those who eventually branch off, marry and have kids still can't afford homes in the expensive real estate listings. And even if they did find a reasonable option, how would they be able to save for a 10% building deposit or even qualify for a loan when the bank sees a monthly debt for study financing? No doubt reducing their buying power.

Some are probably even paying off loans for cars, paying day care depending on which point in their lives they are at. But still we expect students to come back after their studies to face these adverse realities with pay that's not comparable to what they made in the country of their study.

Back in the Netherlands Antilles days, students could come back to work for 5 years and have their study debt wiped. Can the person(s) responsible for removing that benefit come to the front and identify yourself? We the students just have a few questions.

Because not for nothing, who did that serve? And who can we count on to set things right? Or perhaps present an alternative because we know this is really about money and getting a return on your investment.

My proposal: Go back to the original formula. But instead of 5 years make it 10. That way you are certain to get back your monies in the taxes paid at least or something. But I’m open to dialogue. What do you the public, the past present and future students propose.  

Sincerely,

𝐀 𝐠𝐫𝐚𝐝𝐮𝐚𝐭𝐞 𝐬𝐭𝐮𝐝𝐞𝐧𝐭 𝐥𝐢𝐯𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞𝐢𝐫 𝐩𝐚𝐫𝐞𝐧𝐭𝐬

𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝟐𝟎 𝐲𝐞𝐚𝐫𝐬 𝐨𝐟 𝐝𝐞𝐛𝐭 𝐭𝐨 𝐩𝐚𝐲 𝐟𝐨𝐫 𝐚 𝟔 𝐲𝐞𝐚𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧.

(𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫 𝐨𝐧 𝐋𝐞𝐭𝐭𝐞𝐫𝐬 𝐭𝐨 𝐭𝐡𝐞 𝐄𝐝𝐢𝐭𝐨𝐫 - 𝘛𝘩𝘦 𝘗𝘦𝘰𝘱𝘭𝘦’𝘴 𝘛𝘳𝘪𝘣𝘶𝘯𝘦 𝘸𝘦𝘭𝘤𝘰𝘮𝘦𝘴 𝘭𝘦𝘵𝘵𝘦𝘳𝘴 𝘵𝘰 𝘵𝘩𝘦 𝘦𝘥𝘪𝘵𝘰𝘳 𝘢𝘴 𝘱𝘢𝘳𝘵 𝘰𝘧 𝘰𝘶𝘳 𝘤𝘰𝘮𝘮𝘪𝘵𝘮𝘦𝘯𝘵 𝘵𝘰 𝘰𝘱𝘦𝘯 𝘥𝘪𝘢𝘭𝘰𝘨𝘶𝘦 𝘢𝘯𝘥 𝘥𝘪𝘷𝘦𝘳𝘴𝘦 𝘱𝘦𝘳𝘴𝘱𝘦𝘤𝘵𝘪𝘷𝘦𝘴. 𝘚𝘰𝘮𝘦 𝘭𝘦𝘵𝘵𝘦𝘳𝘴 𝘮𝘢𝘺 𝘢𝘱𝘱𝘦𝘢𝘳 𝘶𝘯𝘥𝘦𝘳 𝘢 𝘱𝘦𝘯 𝘯𝘢𝘮𝘦 𝘢𝘵 𝘵𝘩𝘦 𝘳𝘦𝘲𝘶𝘦𝘴𝘵 𝘰𝘧 𝘵𝘩𝘦 𝘢𝘶𝘵𝘩𝘰𝘳. 𝘐𝘯 𝘢𝘭𝘭 𝘴𝘶𝘤𝘩 𝘤𝘢𝘴𝘦𝘴, 𝘵𝘩𝘦 𝘢𝘶𝘵𝘩𝘰𝘳’𝘴 𝘵𝘳𝘶𝘦 𝘪𝘥𝘦𝘯𝘵𝘪𝘵𝘺 𝘪𝘴 𝘧𝘶𝘭𝘭𝘺 𝘷𝘦𝘳𝘪𝘧𝘪𝘦𝘥 𝘢𝘯𝘥 𝘬𝘯𝘰𝘸𝘯 𝘵𝘰 𝘵𝘩𝘦 𝘌𝘥𝘪𝘵𝘰𝘳 𝘱𝘳𝘪𝘰𝘳 𝘵𝘰 𝘱𝘶𝘣𝘭𝘪𝘤𝘢𝘵𝘪𝘰𝘯. 𝘛𝘩𝘪𝘴 𝘱𝘰𝘭𝘪𝘤𝘺 𝘢𝘭𝘭𝘰𝘸𝘴 𝘧𝘰𝘳 𝘩𝘰𝘯𝘦𝘴𝘵 𝘤𝘰𝘯𝘵𝘳𝘪𝘣𝘶𝘵𝘪𝘰𝘯𝘴 𝘸𝘩𝘪𝘭𝘦 𝘱𝘳𝘰𝘵𝘦𝘤𝘵𝘪𝘯𝘨 𝘪𝘯𝘥𝘪𝘷𝘪𝘥𝘶𝘢𝘭𝘴 𝘸𝘩𝘰 𝘮𝘢𝘺 𝘧𝘢𝘤𝘦 𝘱𝘦𝘳𝘴𝘰𝘯𝘢𝘭 𝘰𝘳 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭 𝘳𝘪𝘴𝘬𝘴 𝘧𝘰𝘳 𝘦𝘹𝘱𝘳𝘦𝘴𝘴𝘪𝘯𝘨 𝘵𝘩𝘦𝘪𝘳 𝘷𝘪𝘦𝘸𝘴. 𝘞𝘦 𝘮𝘢𝘪𝘯𝘵𝘢𝘪𝘯 𝘴𝘵𝘳𝘪𝘤𝘵 𝘦𝘥𝘪𝘵𝘰𝘳𝘪𝘢𝘭 𝘰𝘷𝘦𝘳𝘴𝘪𝘨𝘩𝘵 𝘵𝘰 𝘦𝘯𝘴𝘶𝘳𝘦 𝘵𝘩𝘢𝘵 𝘢𝘭𝘭 𝘴𝘶𝘣𝘮𝘪𝘴𝘴𝘪𝘰𝘯𝘴 𝘮𝘦𝘦𝘵 𝘰𝘶𝘳 𝘴𝘵𝘢𝘯𝘥𝘢𝘳𝘥𝘴 𝘰𝘧 𝘢𝘤𝘤𝘶𝘳𝘢𝘤𝘺, 𝘧𝘢𝘪𝘳𝘯𝘦𝘴𝘴, 𝘢𝘯𝘥 𝘳𝘦𝘴𝘱𝘦𝘤𝘵.)

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