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.

Redeeming your student loan

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.

Loans that can be converted into a grant

If your entire debt is a loan that can be converted into a grant, you can apply for a deferral of payment until the conversion takes place. If you choose to pay instead, and therefore have less debt when the conversion takes place than the amount converted, you will be refunded the difference.

If you are waiting to have part of the loan converted into a grant, you can pay according to your payment plan. Even then, you will be refunded any difference.

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. Paying extra means paying more than the amount due or overdue, including any fees and penalty interest on late payment that have been added.

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. If you have a fixed rate of interest and want to pay extra, please read the information further down on this page.

You cannot settle your invoices in advance

Future invoices cannot be settled in advance. If you pay an amount that you have not been invoiced, this amount will be considered an extra payment, not an advance payment for future instalments. If you then fail to pay the next invoice, you will receive a reminder.

If you want to pay a large amount in order to achieve a payment-free period, you can do as follows: Pay the amount and apply for repayment deferral for the upcoming instalments. You can apply for repayment deferral for up to six months at a time.