Student financial aid in
Sweden consists of grants and loans administered by the
Swedish National Board of Student Aid, a
Swedish government agency. Students living with their parents often only take the student
grant
Grant or Grants may refer to:
Places
*Grant County (disambiguation)
Australia
* Grant, Queensland, a locality in the Barcaldine Region, Queensland, Australia
United Kingdom
* Castle Grant
United States
* Grant, Alabama
* Grant, Inyo County, ...
, while other students tend to take both the student grant and the
student loan
A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses. It may differ from other types of loans in the fact that the interest r ...
. The loans and grants are normally approved for a maximum of twelve semesters, or 240 weeks. In 2016, weekly student aid for a full-time student was as follows:
In 2018 the interest rates for tuition fees were low at 0.13, with the average debt equivalent to $21,000, even though students borrow only for living expenses, as Swedish universities charge no tuition fees.
No
income tax
An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Tax ...
is paid on student grants and student loans.
Students must meet basic requirements to receive financial aid.
* Must meet the age requirements. May receive student aid until the year that they turn 56, but the right to take out a loan will be limited from the year that they turn 47. For upper secondary education, there is also a minimum age of 20.
* Must be attending a school or course that qualifies them for student aid.
* Must be studying at least half-time.
* Must study for at least three weeks.
In Sweden, application and tuition fees apply for students who are not citizens of the EU, the EEA, a Nordic country or Switzerland and who apply for or enroll on studies at the bachelor’s or master’s level.
References
{{Europe topic, Student loans in
Education in Sweden
Sweden