Approximately 10,000 people protested for the #NIETMIJNSCHULD campaign in Amsterdam’s city center on Saturday, February 5, 2022. This protest, organized by the student organization FNV Young & United, calls for fair compensation for all students who did not receive a study grant from the government of The Netherlands.
In 2015, the incumbent government abolished the study grant system, which allowed students to study at universities with government funding. The money allotted to students under the grant system turned out to be unaffordable because the number of students at Dutch universities continued to increase over the years. The global financial crisis of 2008 and the subsequent Great Recession also influenced this financial cutback, leading to the implementation of the loan system currently in place.
This change led to many students accumulating thousands of euros in debt throughout their time completing their degrees. According to NL Times, a four-year degree costs the average Dutch student around €50,000. DutchNews.nl reports that this leaves the average student with a debt of €15,000, sometimes even significantly higher. The government justified their decision to change the system by claiming to invest the money saved on grants in better-financing education. This promise was not entirely met. At the end of 2021, the newly appointed government announced that they would revert to the system followed prior to 2015.