Student financial aid in

Sweden Sweden, formally the Kingdom of Sweden, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east. At , Sweden is the largest Nordic count ...

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 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 ...

. The loans and grants are normally approved for a maximum of 12 semesters, or 240 weeks. In 2024, 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