For the third year in a row, the interest rate on CSN loans has been raised. This after years of zero interest.
On Wednesday 27 November, it was announced that the Central Student Support Board, CSN, will raise the interest rate on the CSN loan. With the background of the last three years’ borrowing costs, the interest rate is affected based on that, rather a single year.
But what will the interest rate on the CSN loan actually be in 2025?
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The CSN interest rate will be raised in 2025. Photo: Jessica Gow/TT
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CSN: That’s what the forecast says about the CSN interest rate in 2025
A total of 1.7 million Swedes are affected by the interest rate change on the CSN loan in 2025.
CSN’s investigator Patrick Peippo has previously stated that the actual borrowing costs will probably rise in 2025, based on the total borrowing costs of the last three years.
Since the interest rate in 2024 was 1.23 percent, and the forecast has indicated that the interest rate for the coming years will be 1.98 percent.
– As I said, it is a forecast. It can change, but when it is so close to a decision, it is relatively close to the truth, he told TT.
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The student loan must begin to be repaid no earlier than six months after you last received student support.
How much you have to pay each year is determined by four different factors:
You can repay your loan in 25 years at the latest. The loan must be paid in the year you turn 64, alternatively 60 depending on when the loan was disbursed.
Source: CSN
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CSN interest rate in 2025 – that’s how much more you have to pay
On Thursday, the announcement came. The interest rate for CSN loan borrowers will pay an interest rate of 1.98 percent in 2025.
– The interest on the student loans is starting to go back to slightly more normal levels. You have to bear in mind that we come from a period with record low interest rates. It is likely that the interest rate will also rise slightly in 2026 and then turn downwards again. However, it assumes that the government’s borrowing costs continue to go down, Patric Peippo said in one press release when.
If you have a loan of a total of SEK 100,000, the interest rate of 1.98 percent will mean that you pay an additional SEK 1,980 in interest. That is a full 750 kroner more than in 2024, when the interest rate was 1.23 percent and had given you an interest cost of 1,230 kroner.
If you instead have a loan of 200,000, the interest cost will be SEK 3,960. That is SEK 1,500 more than in 2024, when the interest cost had landed at SEK 2,460 with the then interest rate.
– How much you have to pay depends on several things, such as your debt size, your repayment period and the interest rate for the year. In addition, the repayment is designed so that the annual amount should be calculated slightly to follow the inflation trend, Peippo said in the press release.
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