Getting the student loan compensation
If you complete a higher education degree within the target time, you may get a student loan compensation from Kela that reduces the loan you have to repay. The compensation can be worth thousands of euros, but meeting the conditions requires planning from the start of your studies. This guide tells you what to keep track of.
You will need
- The date you started your studies
- The target time for your degree
- Login details for Kela's online service
- Your personal study plan (HOPS)
Steps
Check the conditions
Read the current conditions for the student loan compensation on Kela's website. The compensation applies to higher education studies, and the conditions depend on when you started your studies.
Find out the target time
Plan your studies
Draw your loan wisely
Graduate on time
Follow Kela's decision
Apply yourself if needed
Note the tax deduction
The full guide with every step is for members. Try 7 days for €0.99.
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More guides on: Studying
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- Applying for school transport subsidy from Kela
- Student card and student discounts
- Going on a student exchange
- Transferring to another university
- Certificate-based admission to higher education
- Retaking a matriculation exam to improve your grade
- Completing a vocational qualification as an adult