St. Maarten News – Former students from St. Maarten who received study financing through the Dienst Uitvoering Onderwijs (Duo) in the Netherlands have a combined outstanding debt of €25 million ($28.5 million, or 51 million guilders). Duo-spokeswoman Thea Jonkman confirmed the amount to this newspaper yesterday. The total debt is spread over approximately 1,000 former students, putting the average debt at $28,500.
On March 31, Duo reached out to the indebted former students with an offer for a personal payment scheme. Ex-students have until May 1 to submit their current address and phone number to Duo; in doing so they may qualify for a payment arrangement.
Ex-students who fail to sub it their information will not qualify and expose themselves to charges related to a collection agency.
Duo said at the end of last month that it is using all the means it has at its disposal to locate the missing debtors from St. Maarten.
Source: Today SXM Ex St. Maarten students owe more than 50 million in study financing