Your debts could be written off if you live and work here
Reduction of debt for those living in Finnmark and Nord-Troms
Your debt could be reduced if you have lived and worked in Finnmark or selected municipalities in Troms for a continuous 12-month period.
All customers who live and work in the approved areas may get up to 20 per cent of their original student loan written off each year, up to a maximum limit of NOK 30,000 per year.
For accrual periods starting before 1 January 2022, the amount is 10 per cent of your original student loan, up to a maximum of NOK 25,000 per year.
If you are working as a primary school teacher, a further NOK 20,000 per year may be written off.
You need to live and work in the region for at least 12 months
In order to be eligible for debts to be written off, there is a requirement for you to live and be gainfully employed in Finnmark or the approved local authorities in Troms for a 12-month accrual period. We do not only count those in full-time employment as being gainfully employed. You can read more about the requirements here.
You can wait to make payments until the application has been processed
When you have submitted an application to write off debt, you can wait to pay your invoices from us until you receive a decision. We will not send any reminders in the meantime.
You do not need to pay instalments on the loan
As long as your loan is being written off under this scheme, you will be required to pay interest but not instalments on the loan itself. This means that the invoices you receive in the year after your debt has been written off will include only interest and any fees.
However, if you have already paid instalments on the loan during this period, please contact us and we can refund some of the amount.
Deadline for applications
You need to submit your application within three months of having lived in Finnmark or Nord-Troms for one year, the one-year residence period is what we refer to as the accrual period. You need to have “accrued” one year’s residence before your debt can be reduced.