A brief introduction to the student finance system in Sweden.
Student finance for students studying in Sweden
The Swedish system of student finance is designed so that higher education is accessible to all who can benefit from it regardless of socio-economic background and where in Sweden a student lives.
As tuition at higher education institutions in Sweden is free of charge for Swedish students and for students from the European Union (EU), the European Economic Area (EEA) and Switzerland, student finance is intended to cover living expenses and the cost of study materials.
Everyone below the age of fifty-four who belongs to the Swedish population has the right to apply for student finance for a maximum of 240 weeks. Student finance comprises a grant (around 1/3 of the total sum) and a loan (around 2/3). The student loan must be repaid on a monthly basis before the loan recipient reaches the age of sixty. The size of the monthly payment is determined by the size of the debt and the interest rate. The amount is also adjusted to the recipient’s income and ability to pay.
When you study you can apply for financial aid. Financial aid for studies refers to the various grants and loans for which you may be eligible when you study. Your age is one of the factors that determine the kind of aid that you may receive. The authority CSN is responsible for administering student finance.
To the website of CSN
Student finance for Swedish students studying abroad
Swedish students have the right to apply for student finance if they wish to complete part or all of their studies in another country. In order for student finance to be granted, the higher education institution overseas must be recognised by the Swedish Council for Higher Education (UHR) or the Swedish National Board for Student Aid (CSN).
When studying abroad you can apply for extra loans. Additional finance is available for tuition fees, insurance and travel expenses. However, the repayment terms are the same as for studying in Sweden.
Most students in first and second-cycle courses and programmes pay no fees and their studies are financed by government funding allocated directly to the HEIs by the Swedish Parliament.
Since the autumn semester of 2011, however, incoming students from countries outside the EU/EEA and Switzerland who are not participating in exchange programmes have to pay tuition fees in Sweden.