About the State Educational Loan Fund, Norway

Sist oppdatert: 28.11.2019

The State Educational Loan Fund, Norway (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 organized 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 31.12.2018, Lånekassen had 1.110.400 customers.
  • 440.300 students and pupils applied for financial support for the academic year 2017–2018.
  • In 2018, the average loan after graduation (higher education) in Norway was approximately NOK 304.000.
  • During the academic year 2017–2018, NOK 3.8 billion in grants and NOK 25.6 billion in loans were allocated to the students/pupils. 
  • The lending portfolio (outstanding educational debt) represents approximately NOK 183.9 billion in total.