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New student loan for everyone getting loans from 2022

From 1 January 2022, everyone who has taken a student loan will receive a new loan. What is new about this loan is that some age limits are being raised as part of the terms and conditions. You can apply for this loan up until and including the year you turn 60, and the loan must be fully repaid at the end of the year you turn 64. If you are studying with a student loan during the autumn of 2021 and the spring of 2022, this means that you have two loans that you will need to repay with two different annual amounts. You can apply to have your loans combined on My Pages. This would mean that you do not have to pay two separate annual amounts.

From 1 January 2022, it will be easier for people of a more senior age to study, as the upper age limit for receiving student grants and loans is raised to 60 years. The age limit for when the loan should be fully repaid to CSN is also raised. You loan should be fully repaid at the end of the year you turn 64.

If you have two loans, you can combine them

If you are studying with student grants and loans during the autumn of 2021 and the spring of 2022, you will have two different types of loans. What separates these loans is the age limits. Everyone who receives a loan payment after 1 January 2022 will receive the new loan with raised age limits.

You can choose to have your loans combined on My Pages. Doing this means that you do not have to pay two separate loans.

If you wish to combine the loans ahead of 2023, your application must be received by CSN no later than 30 November 2022.

Combining loans (information in Swedish)

What separates the loans and what do they have in common?

View a comparison between the different student loans

Questions

Terms and conditions for loans paid out from 1 January 2022

Terms and conditions for loans paid out between 1 June 2001 and 31 December 2021

Age limit – for what period of time am I entitled to student grants and loans?

Until and including the year you turn 60.

Until and including the year you turned 56.

For how long will I be repaying my loan?

The longest repayment period is 25 years or until the end of the year you turn 64, depending on which comes first.

The longest repayment period is 25 years or until the year you turn 60, depending on which comes first.

When do I start repaying my loan?

If this is the first time you have taken a student loan, your repayment period will start no earlier than six months after you received your last student grant or loan payment. If you have previously taken a student loan, repayment begins immediately after you stop receiving students grant or loan payments.

If this is the first time you have taken a student loan, your repayment period will start no earlier than six months after you received your last student grant or loan payment. If you have previously taken a student loan, repayment begins immediately after you stop receiving students grant or loan payments.

How much should I repay every year?

This is determined by:

· The amount you have borrowed,

· The interest rate (for 2022, the interest rate is 0 per cent),

· An upward-adjustment figure of two per cent per year, and

The duration of your repayment period

This is determined by:

· The amount you have borrowed,

· The interest rate (for 2022, the interest rate is 0 per cent),

· An upward-adjustment figure of two per cent per year, and

The duration of your repayment period

What is the interest rate of my loan?

For 2022 – 0 per cent

For 2022 – 0 per cent

How much is the administrative fee?

SEK 150 per year

SEK 150 per year

How much is the reminder fee, supposing I do not repay my loan?

SEK 450

SEK 450

When can the loan be written off?

At the start of the year you turn 72.

At the start of the year you turn 68.

Watch videos about finding a new path later in life

Watch the videos with Sara and Johan who both found new paths later in life!

Information in Swedish

Nytt studielån för alla som får lån från 2022

Questions and answers

Here are some questions and answers regarding the raised age limits and the new loan. The raised age limits apply for studies starting 1 January 2022 or later. Everyone who received a student grant or loan payment after the start of 2022 has the new loan.

If you are studying or plan to study with student grants and loans

I have applied for student grants and loans for the autumn semester of 2021 and the spring semester of 2022. How will this affect me?

If you have already received a decision about your student grants and loans for 2021–2022, these will follow CSN’s current rules in the autumn.

If you receive student grants and loans after the start of 2022, the new rules apply and you will receive a new loan. This means that you will have two different loans. You have the option of combining them into a single loan.

"The loan ladder is changing” – what does that mean?

At present, there is a loan ladder that applies from the year you turn 47. The loan ladder means that the amount you are allowed to borrow decreases – the amount decreases year by year.

Under the new rules, this decrease will not start until the year you turn 51.

I am 23 years old and currently studying with a student loan. Will my loan be affected by these rule changes?

Yes. If you are currently receiving a student loan and will be receiving a student loan set to be paid out from 2022 onwards, you will have both an older form of the student loan and a new loan with new terms and conditions. This means that you will have two different loans to repay.

If you are above the age of 56

I am 58 years old and have previously had my application for student grants and loans rejected. Do the new rules mean that I can reapply?

Yes. From 1 October 2021, you can apply for student grants and loans for studies starting in 2022. You can receive student grants and loans up until the year you turn 60.

I do not want a loan. Can I apply for just grants?

Yes. If you have weeks left, you can apply for grants until the year you turn 60.

I applied for student grants and loans, but was rejected. Do the new rules mean that CSN will automatically reconsider my application?

No. You must submit a new application for student grants and loans.

Repaying your student loan

If I take out a loan now – how long will I have to repay it?

The repayment period for the new loan is the same as today; 25 years or the number of years remaining until you turn 64, whichever is shorter.

Examples:

· You are 27 when you start repaying your loan. Your maximum repayment period will be 25 years.

· You are 60 when you start repaying your loan. Your maximum repayment period will be five years.

At the beginning of the year you turn 72, CSN will write off your student loan. If you have unpaid fees or annual amounts in the last three years, these fees or amounts will not be written off.

I already have a student loan. If I take out a new loan now, does this mean that I will have two different loans?

Yes. If you already have a student loan and take out new loans after 2021, you will have two student loans.

Do the same repayment rules apply to the new loan?

The repayment period for the new loan is the same as today; 25 years or the number of years remaining until you turn 64, whichever is shorter. At the beginning of the year you turn 72, CSN will write off your student loan. If you have unpaid fees or annual amounts in the last three years, these fees or amounts will not be written off.

Why is the Government introducing a new loan?

The Government wants to make it easier for people to reorient themselves in the labour market. To accomplish this, the age limit for eligibility for student grants and loans and for education entry grant is being raised. This raised age limit also means new rules concerning repayment time and age-related write-offs.

I want to continue with the old loan. How do I do this?

Since the rules are being changed, you cannot continue receiving payments through the old loan. Everyone who applies for and is granted student grants and loans after the start of 2022 will receive the new loan.

Can I repay one of the loans in full and then continue repaying the other loan?

Yes. You can repay one of the loans in full.

Can I make additional payments on my loan to repay it faster?

Yes. You can pay additional amounts on your loan.

Do I have to continue repaying my loan after I retire?

Yes – if you retire before the age of 72.

Will my loan be written off when I retire?

At the beginning of the year you turn 72, CSN will write off your loan – regardless of your age at the time of retirement.

If you have unpaid fees or annual amounts in the last three years, these fees or amounts will not be written off.

Updated: 2022-08-17
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