lånekasse

Lånekasse is a Norwegian term that translates to "loan fund" or "grant fund." It commonly refers to the Norwegian State Educational Loan Fund, known as Lånekassen. This institution provides financial support to students pursuing higher education in Norway and abroad. The support typically comes in the form of loans and grants, with the latter being a portion of the funding that does not need to be repaid if certain conditions are met, such as completing the studies within a specified timeframe.

The primary purpose of Lånekassen is to make higher education accessible to all Norwegian citizens, regardless of their socioeconomic background. Students can apply for funding to cover tuition fees, living expenses, and other educational costs. The loan component of Lånekassen's support is generally offered on favorable terms, with low interest rates and flexible repayment schedules that begin after the completion of studies.

Eligibility for Lånekassen funding is based on several criteria, including nationality, age, and the type of educational program being undertaken. The application process is managed online through Lånekassen's website. The fund plays a significant role in Norway's educational system, contributing to high participation rates in higher education.