Student Loans In Sweden
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Student Loans In Sweden
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, while other students tend to take both the student grant and the student loan. 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 ...
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Sweden
Sweden, formally the Kingdom of Sweden,The United Nations Group of Experts on Geographical Names states that the country's formal name is the Kingdom of SwedenUNGEGN World Geographical Names, Sweden./ref> is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, Finland to the east, and is connected to Denmark in the southwest by Øresund Bridge, a bridgetunnel across the Öresund. At , Sweden is the largest Nordic country, the third-largest country in the European Union, and the List of European countries by area, fifth-largest country in Europe. The Capital city, capital and largest city is Stockholm. Sweden has a total population of 10.5 million, and a low population density of , with around 87% of Swedes residing in urban areas in the central and southern half of the country. Sweden has a nature dominated by forests and a large amount of lakes, including List of largest lakes of Europ ...
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Swedish National Board Of Student Aid
The Swedish Board of Student Finance ( sv, Centrala studiestödsnämnden, CSN), is a Swedish government agency under the Ministry of Education and Research. It is in charge of administration of all matters regarding student aid in Sweden. Its seat is located in Sundsvall and its Director-General is Christina Forsberg. See also * Education in Sweden *List of universities in Sweden *Swedish National Agency for Higher Education The Swedish National Agency for Higher Education ( sv, Högskoleverket) was a Government agency in Sweden. It was in charge of inspecting and promoting higher education sector activities, through follow-up and evaluation of higher education, qual ... * Swedish National Agency for Services to Universities * Swedish National board of Appeal for Higher Education External links Official site Board of Student Aid Education in Sweden {{Sweden-gov-stub ...
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Government Agencies In Sweden
The government agencies in Sweden are state-controlled organizations that act independently to carry out the policies of the Government of Sweden. The ministries are relatively small and merely policy-making organizations, allowed to monitor the agencies and preparing decision and policy papers for the government as a collective body to decide upon. A Cabinet Minister is explicitly prohibited from interfering with the day-to-day operation in an agency or the outcome in individual cases. The cardinal rule is that Ministers are not allowed to issue orders to agencies in their portfolio personally (with only a few exceptions) as the government agencies are subject to decisions made by the government, although the government cannot even directly overrule an agency in the handling of an individual case. Other than the executive branch, the Riksdag also has a number of independent agencies. Riksdag *Riksbank, Sweden's central bank. * National Audit Office () — the supreme ...
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Grant (money)
A grant is a fund given by an end entity grant – often a public body, charitable foundation, or a specialised grant-making institution – to an individual or another entity (usually, a non-profit organisation, sometimes a business or a local government body) for a specific purpose linked to public benefit. Unlike loans, grants are not to be paid back. European Union European Union grants The European Commission provides financing through numerous specific calls for project proposals. These may be within Framework Programmes. Although there are many 7-year programmes that are renewed that provide money for various purposes. These may be structural funds, Youth programmes and Education programmes. There are also occasional one-off grants to deal with unforeseen aspects or special projects and themes. Most of these are administered through what are called National Agencies, but some are administered directly through the Commission in Brussels. Due to the complexity of the ...
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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 rate may be substantially lower and the repayment schedule may be deferred while the student is still in school. It also differs in many countries in the strict laws regulating renegotiating and bankruptcy. This article highlights the differences of the student loan system in several major countries. Australia Tertiary student places in Australia are usually funded through the HECS-HELP scheme. This funding is in the form of loans that are not normal debts. They are repaid over time via a supplementary tax, using a sliding scale based on taxable income. As a consequence, loan repayments are only made when the former student has income to support the repayments. Discounts are available for early repayment. The scheme is available to citi ...
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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. Taxation rates may vary by type or characteristics of the taxpayer and the type of income. The tax rate may increase as taxable income increases (referred to as graduated or progressive tax rates). The tax imposed on companies is usually known as corporate tax and is commonly levied at a flat rate. Individual income is often taxed at progressive rates where the tax rate applied to each additional unit of income increases (e.g., the first $10,000 of income taxed at 0%, the next $10,000 taxed at 1%, etc.). Most jurisdictions exempt local charitable organizations from tax. Income from investments may be taxed at different (generally lower) rates than other types of income. Credits of various sorts may be allowed that reduce tax. Some jurisdictio ...
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Education In Sweden
Education in Sweden is mandatory for children between ages 5/6 and 15/16 depending on when on the year they were born. The school year in Sweden runs from mid–late August to early/mid–June. The Christmas holiday from mid–December to early January divides the Swedish school year into two terms. Preschool is free for all families. The year children turn six they start the compulsory preschool class (), which acts as a transition phase between preschool and comprehensive schools. Children between ages 5/6 and 15/16 attend comprehensive school where a wide range of subjects are studied. All students study the same subjects, with exception for different language choices. The majority of schools are run municipally, but there are also privately owned schools, known as independent schools. Almost all students continue studying in three-year-long upper secondary schools where most students choose one out of 18 national programmes, some of which are vocational and some preparatory. ...
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