Financial guarantee and refund policy

Beneficiary Bank: Hanzehogeschool Groningen
Name of the bank: Rabobank Stad en Midden Groningen
Address of the bank: Griffeweg 80, 9723 DR Groningen, The Netherlands
Bank account number: NL84 RABO 018.05.47.747
Swift/BiC code: RABONL2U
Description: mention the code ‘IMMIFG’, your name and student number here.

We are required by law to make sure you have enough financial means to study and live in the Netherlands. On top of the costs that are charged (tuition-, insurance-, immigration fee), you will need to transfer living money to us. The IND (Immigration and Naturalisation Service) officially states a student with a residence permit for the purpose of ‘study’ must have €1,094.12 a month available to live off. By transferring your living money to us in advance, you guarantee to us and the IND that you have enough financial means to live off for a year.

Your living money will be returned to your Dutch bank account once you have opened one. This is your money, which you will need to live off for one year in the Netherlands.

The following costs are charged:

• Tuition fee (calculate your tuition fee here)
• Insurance fee (~€680)
• Immigration fee (€243)

The remaining amount is your living money for the first year. This amount will be returned to you upon arrival in the Netherlands.

Once you have opened a Dutch bank account you can fill out this form to receive back your living money.

Your money will be transferred to you within a couple of days.

The policy to refund the financial guarantee is as follows:

When no immigration procedure has taken place and you withdraw your application in www.studielink.nl before 1 Sept / 1 Feb: the entire fee will be refunded;

• If you decide to withdraw your application in www.studielink.nl before 1 Sept /1 Feb but we have already started an immigration procedure for you: only the immigration fee will be deducted from the financial guarantee.
• When you withdraw your enrolment in www.studielink.nl after 1 Sept / 1 Feb but we have not started an immigration procedure for you: we will deduct the tuition fee for each month that you were enrolled and the insurance fee for each month that you were insured (if we did start your immigration procedure, the immigration fee is deducted as well).

Please note that the costs of transfer will be deducted from the total amount transferred.