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Agency · Ministry of Education and Research

Norwegian State Educational Loan Fund

Administers student grants and loans

Latest from Norwegian State Educational Loan Fund

  1. News article

    Fixed rates on student loans rise from 1 November – three-year rate at 5.347%

    • From 1 November, fixed interest on student loans gets more expensive: three years goes from 5.233% to 5.347%, five years from 5.099% to 5.223%, and ten years from 4.946% to 5.109%.
    • The floating rate will be 4.707% from the same date.
    Higher educationStudent finance
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  2. Budget

    Budget 2027: Basic loan and away-from-home grant to follow wage growth (G), while folk high school loan-to-grant conversion is cut

    • The basic loan and the away-from-home grant are proposed to rise 4.21 percent for 2027–2028. Other support rates are proposed to rise 3.8 percent, matching price increases.
    • The government wants these two benefits to follow G (the National Insurance basic amount), which tracks wages, not prices. This gives students and pupils living away from home more secure finances. They can focus on studies and still work a little.
    Higher educationSchoolStudent finance
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  3. News article

    Norwegian student loan floating rate rises to 4.707% from 1 November

    • The floating interest rate on student loans increases by 0.105 percentage points to 4.707% from 1 November, applying through December.
    • 780,200 borrowers are affected, as they hold floating-rate loans — only 9,800 have fixed rates.
    Student finance
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  4. News article

    Norwegian State Educational Loan Fund cuts fixed student loan rates from 1 September 2026

    • Fixed rates from 1 September 2026: 3-year term 5.233% (−0.028 pp), 5-year 5.099% (−0.096 pp), 10-year 4.946% (−0.124 pp).
    • The variable rate will simultaneously be 4.602% — lower than all fixed-rate options, making locking in financially disadvantageous for most borrowers.
    Higher educationStudent finance
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  5. News article

    Norwegian student loan base amount set at NOK 170,368 for full-time students in 2026–27

    • Full-time students receive NOK 170,368 over eleven months; part-time students and folk high school students receive ten months of support, paid around the 15th of each month.
    • Up to 40% of the base loan is converted to a non-repayable grant upon completing a degree; only 15% for single courses or one-year programmes.
    Higher educationStudent finance
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  6. News article

    Norwegian student loan variable rate unchanged at 4.602 percent from September

    • The State Educational Loan Fund (Lånekassen) keeps its variable interest rate at 4.602 percent from 1 September — no change from the current level.
    • Rate is calculated as the average of the five best mortgage rates in the market minus 0.15 percentage points.
    Higher educationStudent finance
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  7. News article

    Norwegian State Educational Loan Fund raises fixed rates by up to 0.35 pp from 1 July 2026 — variable rate remains cheaper

    • All fixed-rate terms increase from 1 July 2026: 3-year to 5.261% (+0.353 pp), 5-year to 5.195% (+0.306 pp), 10-year to 5.070% (+0.191 pp).
    • The variable rate stands at 4.602% from the same date — lower than all fixed options, weakening the case for locking in a rate now.
    Higher educationStudent finance
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  8. News article

    Norwegian student loan variable rate cut to 4.602% from 1 July 2026

    • The variable interest rate on student loans is reduced by 0.009 percentage points to 4.602% effective 1 July 2026, applying through August.
    • 799,000 Lånekassen customers hold variable-rate loans and are affected automatically; only 10,200 have chosen a fixed rate.
    Higher educationStudent finance
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  9. News article

    Norway's Student Loan Fund has cancelled NOK 870 million in student debt for 34,000 borrowers in rural areas so far in 2026

    • A total of NOK 870 million in student debt has been cancelled so far in 2026: NOK 820 million through the new district scheme and approx. NOK 55 million through the priority zone (Finnmark and Nord-Troms).
    • The district scheme cancels up to NOK 25,000 per year for economically active residents in approved rural municipalities; the priority zone offers up to NOK 60,000 per year.
    Higher educationMunicipalitiesStudent finance
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  10. News article

    Norway's State Educational Loan Fund raises fixed rates from 1 May 2026 while variable rate dips

    • From 1 May 2026, fixed rates increase across all terms: 3-year to 4.908% (+0.172 pp), 5-year to 4.889% (+0.144 pp), 10-year to 4.879% (+0.124 pp).
    • The variable rate falls to 4.611% (−0.010 pp) and applies automatically to all new borrowers.
    Higher educationStudent finance
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