The government has now decided on the student loan interest rate for 2024. The interest rate for student loans will be raised from this year’s 0.59 percent to 1.23 percent next year.
For people with a student debt of SEK 300,000, the increase means a cost increase of SEK 912 per year, or SEK 76 per month.
For those who have a debt of less than SEK 232,000, the interest rate increase instead results in an extended repayment period.
“In recent years, interest rates have risen, which has also led to higher student loan interest,” writes CSN in a press release.
This year, the agency also began charging a 0.45 percent interest rate mark-up to cover the student loans that are not repaid, which they say is 5 percent of all borrowers.