Increased interest assistance boosts support for student loan borrowers
The beginning of 2024 brought a significant policy change for student loan borrowers in Finland, with raised income limits for interest assistance. This adjustment has allowed a growing number of individuals to receive financial aid from Kela for their student loan interest payments. The increase in interest rates and larger loan amounts has led to a notable rise in the number of recipients.
In February, the income threshold for receiving interest assistance on student loans was increased to EUR 1,589 per month.