Norway 2015/16 - grants and loans

Student grants

Norwegian students are entitled to loans and grants from the State Educational Loan Fund (NSELF). The basic support is at most NOK 97 850 per academic year (10 months). The basic support is initially given as a loan. However, 40 % of the loan may be converted to a grant for students who live away from their parents and pass all exams. The grant will be reduced if the student's income or assets exceed certain limits. The amounts are universal for all students who are eligible for financial support. The maximum amount of the grant is NOK 39 140.

Students under 25 years of age may also receive a grant for travel costs.

Financial support is also given for study abroad as there is full portability of NSELF loans and grants. Exchange students and full degree students qualify for support.

Students taking care of children may receive a grant for each child under the age of 16.

Students on parental leave can be given a grant for up to 49 weeks, and students who cannot study because of illness may have the loan converted into a grant for up to four months and 15 days per academic year. Physically disabled students can receive an extra grant if they are unable to work during their studies, and they may also receive basic support for twelve months per year.

Loans

Norwegian students are entitled to loans and grants from the State Educational Loan Fund (NSELF). The basic support is at most NOK 97 850 per academic year (10 months). The basic support is initially given as a loan. However, 40 % of the loan may be converted to a grant for students who live away from their parents and pass all exams. The grant will be reduced if the student's income or assets exceed certain limits. The amounts are universal for all students who are eligible for financial support. The maximum amount of the grant is NOK 39 140.

Students under 25 years of age may also receive a grant for travel costs.

Financial support is also given for study abroad as there is full portability of NSELF loans and grants. Exchange students and full degree students qualify for support.

Students taking care of children may receive a grant for each child under the age of 16.

Students on parental leave can be given a grant for up to 49 weeks, and students who cannot study because of illness may have the loan converted into a grant for up to four months and 15 days per academic year. Physically disabled students can receive an extra grant if they are unable to work during their studies, and they may also receive basic support for twelve months per year.