Student grants and loans in Europe

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Date of publication any 2014 2016 2017

Found: 3

Country	Grants	Loans
Norway 2013/14 - grants and loans	Norwegian students are entitled to loans and grants from the State Educational Loan Fund (NSELF). The basic support is at most NOK 94 400 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 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 grant is NOK 37 760. 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 44 weeks, and students who cannot study because of illness may have the loan converted into a grant for up to four months and two weeks a term. Physically disabled students can get an extra grant if they are unable to work during their studies, and they may also receive basic support for twelve months per year.	Norwegian students are entitled to loans and grants from the State Educational Loan Fund (NSELF). The basic support is at most NOK 94 400 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 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 grant is NOK 37 760. 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 44 weeks, and students who cannot study because of illness may have the loan converted into a grant for up to four months and two weeks a term. Physically disabled students can get an extra grant if they are unable to work during their studies, and they may also receive basic support for twelve months per year.
Norway 2015/16 - grants and 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.	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.
Norway 2016/17 - grants and loans	Norwegian students (both part-time and full-time) are entitled to basic support (loans and grants) from the State Educational Loan Fund (NSELF). The maximum basic support is NOK 103 950 per academic year (10 months), which is initially given as a loan. However, 40 % of the loan may be converted to a 'state educational grant' for students who live away from their parents and pass all exams. The grant will be reduced if the student's income exceeds NOK 172 595 or have assets exceeding NOK 392 662. The amount of the basic support is universal for all students who are eligible for financial support. The maximum amount of the grant is NOK 41 580. Students under 25 years of age may also receive a grant for travel costs. Students taking care of children may receive a grant for each child under the age of 16 (NOK 16 200). Students on parental leave can be given a grant for up to 49 weeks. 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 (NOK 35 490) if they are unable to work during their studies, and they may also receive basic support for twelve months per year. There is full portability of NSELF loans and grants for both exchange and degree students studying abroad. After graduation, the student will receive a repayment programme stipulating how much s/he has to pay and a prognosis for the repayment period. Interest is calculated from the first day of the month following graduation, and also if s/he interrupts his/her education or is no longer entitled to financial support. Repayment normally starts in monthly installments seven months after graduation. The amount varies according to the size of the debt and the length of the repayment period. The most common repayment period for students with NOK 300 000 debt is 20 years.	Norwegian students (both part-time and full-time) are entitled to basic support (loans and grants) from the State Educational Loan Fund (NSELF). The maximum basic support is NOK 103 950 per academic year (10 months), which is initially given as a loan. However, 40 % of the loan may be converted to a 'state educational grant' for students who live away from their parents and pass all exams. The grant will be reduced if the student's income exceeds NOK 172 595 or have assets exceeding NOK 392 662. The amount of the basic support is universal for all students who are eligible for financial support. The maximum amount of the grant is NOK 41 580. Students under 25 years of age may also receive a grant for travel costs. Students taking care of children may receive a grant for each child under the age of 16 (NOK 16 200). Students on parental leave can be given a grant for up to 49 weeks. 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 (NOK 35 490) if they are unable to work during their studies, and they may also receive basic support for twelve months per year. There is full portability of NSELF loans and grants for both exchange and degree students studying abroad. After graduation, the student will receive a repayment programme stipulating how much s/he has to pay and a prognosis for the repayment period. Interest is calculated from the first day of the month following graduation, and also if s/he interrupts his/her education or is no longer entitled to financial support. Repayment normally starts in monthly installments seven months after graduation. The amount varies according to the size of the debt and the length of the repayment period. The most common repayment period for students with NOK 300 000 debt is 20 years.

Source: Eurydice, National Student Fee and Support Systems 2013/2014, 2015/2016, 2016/2017