Opintotukiin

Opintotukiin refers to financial aid provided to students in Finland to help cover the costs of their education. This system aims to ensure that all individuals have the opportunity to pursue higher education regardless of their socioeconomic background. The primary forms of financial aid are student grants and student loans.

Student grants (opintotuki) are a non-repayable sum of money intended to cover daily living expenses. The amount of the grant depends on factors such as the student's age, academic progress, and whether they live independently or with their parents. Students must meet certain academic performance requirements to continue receiving the grant.

Student loans (opintolaina) are available to supplement the grant and cover larger expenses. These loans are provided by the Social Insurance Institution of Finland (Kela) and have favorable interest rates and repayment terms, typically starting after the student completes their studies or enters the workforce. The loan amount is influenced by the student's income and other financial circumstances.

Eligibility for opintotuki generally requires students to be enrolled in a recognized educational institution, be pursuing their first degree, and meet residency requirements. The application process is managed by Kela, and detailed information on eligibility criteria, application procedures, and current grant amounts is available on their official website. The system is designed to support students throughout their academic journey, promoting equal access to education and reducing financial barriers.