The conversion of any additional loans will be undertaken as planned during the spring
NOK 8,000 of an additional loan can be converted into a grant
Students and pupils who are able to provide documentary proof of the fact that their income has dropped due to the coronavirus situation for all or part of the period between 1 March and 15 June 2020, can have NOK 8,000 of their additional loan converted into a grant at a later date.
Normally only students who live away from home can have their loans converted into grants. This requirement does not apply to additional loans, and you can therefore have NOK 8,000 of your additional loan converted into a grant regardless of whether or not you lived away from home or at home with your parents during this period.
You do not need to submit any documentation now, but we may ask you to do so at a later date. This could include, for example, documentation relating to furlough, dismissal, salary and confirmation of amended working hours.
What is regarded as being a drop in income?
If, for example, you were laid off, received fewer shifts than previously agreed, or were dismissed from a paid part-time job because of the coronavirus situation, you could apply for an additional loan. The decisive factor is that you earnt less than planned between 1 March and 15 June 2020 due to the coronavirus situation.
You are not required to have lost all your income between 1 March and 15 June 2020. You could apply for the loan if you suffered a drop in income for just part of that period.