Knowledge (XXG)

Student financial aid in Finland

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110:. Most student financial aid is paid to students in tertiary education, but smaller amounts are available also on the secondary level. Student benefits are independent of parents' income in tertiary education for students over the age of 20 who live alone. In tertiary education, students in bachelor's and master's programmes qualify for financial aid. Only those months spent actively studying are supported; i.e. in summer, benefits cease unless a special summer studying plan is submitted and followed. 118:
run by foundations and student unions, and cannot accommodate all students. The state secures student loans (from private banks) for up to €400 per month. Student meals are supported by €1.94 per meal and available for example on (privately operated) student cafeterias on campus, thus the effective price is about €2-3.
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The benefits were raised in 2008 and 2014: in 2008 the direct support was increased by 15% and the income limits were raised by 30%; in August 2014 the direct support was raised by approx. 1.3% for those already studying and 11% larger for those starting their studies in 2014 accompanied by a 5-month
117:
303.19 per month for those who have started their studies before autumn 2014 and €336.76 for people starting their education in autumn 2014 or later. Rent support is 80% of rent or maximum €201.60. The state or the universities generally do not provide student accommodation. Dormitories are usually
121:
Persistent failure to progress in studies ultimately leads to the termination of student benefits. Likewise, when evaluated on a yearly basis, income of over €660 per month on supported months and over €1,970 per month on unsupported months reduces the student benefit. Typically, nine months are
126:
decrease in the period of financial aid and a €100 increase in the student loan security. Despite this, students often find the benefit insufficient, thus working while studying or spending the entire summer at summer jobs is popular. Student loans are less popular than elsewhere.
37:) that provide economic security to students and enable all students to study. Almost all Finnish students receive financial aid, including foreigners who are permanent residents or EU citizens. It is available in the form of: 47:
a housing supplement (starting 1 August 2017, available only to those who are studying abroad or enrolled in a tuition-based programme at a folk high school or sports institute and living in the school dormitory).
86:. Student benefit is paid by the state to all qualifying students, excluding only those with full-time employment and income, and is thus distinct from an individually evaluated 132:
Student benefits are available to Finnish citizens. They are not available for students entering the country for the sole purpose of studying.
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For students in tertiary education, the figures are as follows. Direct monetary support for students over the age of 20 who live alone is
346: 176: 285: 107: 336: 331: 351: 34: 78:. Similar systems, some of which are older, exist in some other countries where education is free of charge, e.g. 341: 106:
Secondary and tertiary education is free of charge in Finland. Monetary support is paid by the government agency
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supported and three summer months are not, which gives a maximum annual income of €11,850.
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In year 2019 each Finnish student had approximately 8,200 euros in student debt.
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In addition, Finnish students enjoy several kinds of student benefits such as:
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The qualifying conditions for student financial aid are:
312:"Pohjoismaisten opiskelijoiden opintolainojen määrät" 33:
in Finland consists of government payments (through
97:
Partially state-funded meals at student cafeterias.
51:students are eligible for general housing benefits 27:Assistance for paying for education in Finland 8: 286:"Changes as of 1 August 2014 - kela.fi" 193: 310:Korhonen, Juuso (September 23, 2019). 7: 142:College tuition in the United States 201:Financial aid for foreign students 177:Student loans in the United States 25: 44:a government-backed student loan 18:Student financial aid (Finland) 1: 70:need of financial assistance. 214:"Financial aid for students" 368: 347:Social security in Finland 172:Student loans in Germany 152:Post-secondary education 337:Student financial aid 61:admission to a school 31:Student financial aid 332:Education economics 74:They are a kind of 232:"Housing benefits" 157:Private university 352:Welfare economics 67:academic progress 16:(Redirected from 359: 342:Education policy 316: 315: 307: 301: 300: 298: 297: 288:. Archived from 282: 276: 275: 264: 258: 257: 246: 240: 239: 228: 222: 221: 210: 204: 198: 76:transfer payment 21: 367: 366: 362: 361: 360: 358: 357: 356: 322: 321: 320: 319: 309: 308: 304: 295: 293: 284: 283: 279: 266: 265: 261: 248: 247: 243: 230: 229: 225: 212: 211: 207: 199: 195: 190: 138: 104: 64:full-time study 28: 23: 22: 15: 12: 11: 5: 365: 363: 355: 354: 349: 344: 339: 334: 324: 323: 318: 317: 302: 277: 259: 241: 223: 205: 203:, Kela website 192: 191: 189: 186: 185: 184: 179: 174: 169: 164: 159: 154: 149: 144: 137: 134: 103: 100: 99: 98: 72: 71: 68: 65: 62: 55: 54: 53: 52: 45: 42: 26: 24: 14: 13: 10: 9: 6: 4: 3: 2: 364: 353: 350: 348: 345: 343: 340: 338: 335: 333: 330: 329: 327: 313: 306: 303: 292:on 2014-08-19 291: 287: 281: 278: 273: 269: 263: 260: 255: 251: 250:"Study grant" 245: 242: 237: 233: 227: 224: 219: 215: 209: 206: 202: 197: 194: 187: 183: 180: 178: 175: 173: 170: 168: 165: 163: 160: 158: 155: 153: 150: 148: 145: 143: 140: 139: 135: 133: 130: 127: 123: 119: 116: 111: 109: 101: 96: 95: 94: 91: 89: 85: 81: 77: 69: 66: 63: 60: 59: 58: 50: 49: 46: 43: 41:a study grant 40: 39: 38: 36: 32: 19: 305: 294:. Retrieved 290:the original 280: 271: 262: 253: 244: 235: 226: 217: 208: 196: 182:Tuition fees 167:Student loan 162:Student debt 131: 128: 124: 120: 112: 105: 92: 73: 56: 30: 29: 88:scholarship 326:Categories 296:2014-08-18 188:References 268:"Income" 136:See also 272:kela.en 254:kela.en 236:kela.en 218:kela.en 102:Details 80:Germany 147:EdFund 84:Sweden 108:KELA 82:and 35:Kela 328:: 270:. 252:. 234:. 216:. 90:. 314:. 299:. 274:. 256:. 238:. 220:. 115:€ 20:)

Index

Student financial aid (Finland)
Kela
transfer payment
Germany
Sweden
scholarship
KELA

College tuition in the United States
EdFund
Post-secondary education
Private university
Student debt
Student loan
Student loans in Germany
Student loans in the United States
Tuition fees
Financial aid for foreign students
"Financial aid for students"
"Housing benefits"
"Study grant"
"Income"
"Changes as of 1 August 2014 - kela.fi"
the original
"Pohjoismaisten opiskelijoiden opintolainojen määrät"
Categories
Education economics
Student financial aid
Education policy
Social security in Finland

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