EDUCATION

Interest on student loan debts expected to increase from next year

1:37 min
  • The interest rate for study loan debts could be increased from 0 per cent to 0.64 per cent from next year, according to a forecast from the Swedish Board of Student Finance, or CSN.

  • A former student with an average debt of 166,000 kronor would pay back an additional 88 kronor per month under such an increase.

  • CSN's head of economics Jan Söderholm says 0.64 per cent is still a very low interest rate if you look at it from a historical perspective.