Raising upper age limit for the right to student loans

Bättre studiestöd högre upp i åldrarna

The new student loan policy was introduced by the Swedish government through CSN (Centrala studiestödsnämnden) in 2022 and implemented at the national level in Sweden. It offers updated terms for student loans, particularly focusing on older students. The policy extends the age limit for obtaining student loans to the year an individual turns 60, making it easier for older individuals to pursue further education. Additionally, the repayment period has been adjusted so that the loan must be fully repaid by the end of the year the borrower turns 64, instead of 60 as it was previously. For those who had already taken loans before 2022, the policy allows the option to combine their old loans with the new ones, simplifying the repayment process by consolidating the payments into a single annual amount. The new loan structure includes a 25-year repayment period, an interest rate of 0.59% for 2023, and specific provisions for administrative fees and potential loan forgiveness at the age of 72.