About the Norwegian State Educational Loan Fund

Sist oppdatert: 24.03.2017

The Norwegian State Educational Loan Fund (Lånekassen) is a government agency that allocates loans and grants to Norwegian and certain foreign students for their education. Lånekassen was established in 1947.

Lånekassen is organised under the Ministry of Education and Research (Kunnskapsdepartementet). The Ministry decides the regulations for the allocation of financial support, and for the repayment of loans.

Lånekassen’s objectives

Lånekassen’s objectives for educational support are

  • to give the same possibilities for education, regardless of economic and social background, geographical aspects, age, gender and physical disabilities,
  • to ensure that the society and the work force has access to competence,
  • to secure a satisfactory work environment for education, to make studies efficient.

Key figures

  • Lånekassen provides grants and loans to pupils and students in Norway, both in college and in higher degrees. Also, Lånekassen allocates financial support to Norwegian students abroad. Foreign citizens can receive support for education in Norway when certain conditions are fulfilled.
  • As of 31.12.2016, Lånekassen had 1.058.700 customers. 653.800 of the customers are repaying their loans.
  • 422.500 students and pupils applied for financial support for the academic year 2015–2016.
  • In 2016, the average loan after graduation (higher education) in Norway was approximately NOK 280.000.
  • During the academic year 2015–2016, NOK 3.7 billion in grants and NOK 22.7 billion in loans were allocated to the students/pupils. About NOK 6 billion of the allocated loans are expected to be converted into educational grants.
  • The lending portfolio (outstanding educational debt) represents approximately NOK 164 billion in total.