Benefits of student loans

Lånekassen’s loans are accompanied by social welfare schemes, such as free credit insurance in the event of disability and death. This means that all or part of your debt can be deleted if you become disabled. If you die, your entire debt will be deleted. No-one will inherit any debts that you have with Lånekassen.

In addition, you can defer payment for up to three years in total, without having to have any particular reason for doing so. You can also have the interest on your loan deleted and avoid having to make payments for a while if you get into financial difficulties, e.g. if you become unemployed or sick.

You will find the payment information you need for redeeming your loan on Dine sider

If you log in to Dine sider, you will find general details about the amount of debt you have, Lånekassen’s account number and your KID (customer identification) number. If you wish to redeem your loan, you can pay your entire debt off at any time to the same account number and using the same KID number you normally use. Your total amount of debt can be found under "Your Debt" on Dine sider. This is the amount you should pay when you redeem your debt.

If you have received a bill from us, the invoice will specify the amount of debt remaining after you have paid your bill. In order to pay everything you owe, you can add this amount to your ordinary payment.

However, you may still risk receiving a bill for a small amount after making payment if interest and fees have accrued that have not appeared on Your Pages.

Do not pay too much

If you wish to redeem your loan as soon as you finish your education, you do not have to pay off the full amount that you owe. You can leave an amount equal to the amount of your conversion loan, or the amount you expect to be converted into a grant. You can apply for payment deferral until the remainder of your loan has been converted in order to avoid paying bills.

If you pay too much, you will subsequently receive a refund for any such amounts.

You can pay extra

If you want to pay extra, you can do so at any time by using the payment information available on Your Pages, or by increasing the amount on your bill.

When you pay extra, you will reduce your total debt, and your fixed instalment amount will be lower for the remainder of the period over which you are due to pay off your loan.

Below you can calculate what your instalments will be if your debt is reduced.