Student financial aid in

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 country located on ...

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

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, 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