Interest allowance on student loans: Number of recipients and allowances paid out

NIT159A

Theme

Students / Financial aid for students

Data content

Recipients of interest allowance on student loans, allowances paid out and average amounts of allowance (EUR/statistical reference period/recipient).

Under the interest allowance scheme, Kela pays the interest due on a government-guaranteed student loan without requiring compensation from the student.

The interest allowance is available to low-income individuals who hold a market-based student loan where interest is no longer being capitalised.

Variables and classifications

• Time period (Year, Academic year, Quarter and Month).
• Geographical focus
• Sex
• Age group (16–19 years, 20–24 years, …, 50–54 years, over 54 years)
• Type of loan (Market-based loans and interest-subsidised loans).
  Interest subsidy for interest-subsidised loans was discontinued on 1 August 2008.

Statistical reference period

Annual data available since 2007. Monthly data available for the current and two preceding years.

Updating frequency

Updated monthly. Annual data updated in January.

Data source

Kela – The Social Insurance Institution of Finland. Statistical registers (total material) produced from the benefit system for occupational health care for self-employed persons.

Additional information

Additional information on the interest allowance is available at www.kela.fi under Our Services » Students » Interest assistance and at the same address under About Kela » Statistics » Statistics by topic » Financial aid for students.

Contact information

Kela, Statistical Information Service
Email: tilastot@kela.fi