Policies and development
Educational policy objectives are used to further develop student financial aid. The goal is to provide students with sufficient financial aid so that it promotes full-time studies based on the student’s plans and to help shorten the duration of studies.
Overall steering, management and development of student financial aid activities belong within the remit of the Ministry of Education and Culture.
Changes in the student financial aid (2019):
- The definition of parental income has changed. Parental income now equals taxable earned income and capital income (instead of net income and capital income).
- Tax exempt scholarships are no longer counted as income in the eligibility criteria for student financial aid.
- Parental income will not reduce the basic rate of study grant or housing supplement for students who are under 18 years of age and who do not live with their parents.
- In general upper secondary education or vocational education and training, students who are under 20 years of age and come from low-income families will be eligible for a supplementary allowance for the purchase of study materials.
- In general upper secondary education, the period for which financial aid is available during the school year has been extended by one month.
- In private education (education not supervised by public authorities), the education provider no longer has to provide the study programme for at least a year before student financial aid becomes available.
- Students are eligible for financial aid only if they make sufficient academic progress. However, there are acceptable reasons for slower progress in studies and these now include reasons comparable to illness.