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Student's own income

Your income will affect the number of months per year for which you will be able to receive financial aid. You must make sure that your annual income does not exceed a specified limit.

Kela takes into account your taxable gross earnings, grants, scholarships and foreign income.

 

Maximum amount of income you can have

If you receive financial aid during a year, a personal income limit will be set for you for that calendar year. Your annual income limit is determined on the basis of the number of months for which you have drawn financial aid during a calendar year.

Check your annual income limit online. Log in to Kela's online customer service (in Finnish and Swedish only) using your online bank ID or a mobile ID. You can also check your annual income limit by using the personal income calculators.

More information on how Kela takes income into account in the first year of study and in the year of graduation.

Annual limit income in 2018 and 2019

Number of months of aid during the calendar year Annual income limit (EUR per calendar year)
1 22,557
2 21,234
3 19,911
4 18,588
5 17,265
6 15,942
7 14,619
8 13,296
9 11,973
10 10,650
11 9,327
12 8,004

The annual income limit is calculated on the basis that for each month for which you receive financial aid, your income limit is 667 euros and for each aid-free month 1,990 euros.  

If your income exceeds the annual income limit by no more than 222 euros (in 2018 and 2019), you do not have to cancel or return financial aid or pay it back as a result of the income check.

Annual income limit in 2017 and earlier

Number of months of aid during the calendar year Annual income limit (EUR per calendar year)
1 22,330
2 21,020
3 19,710
4 18,400
5 17,090
6 15,780
7 14,470
8 13,160
9 11,850
10 10,540
11 9,230
12 7,920

The annual income limit is calculated on the basis that for each month for which you receive financial aid, your income limit is 660 euros and for each aid-free month 1,970 euros.

If your income exceeds the annual income limit by no more than 220 euros (in 2017 and earlier), you do not have to cancel or return financial aid or pay it back as a result of the income check.

What constitutes an aid month?

A month of financial aid is a month in which you have been paid either a study grant, a housing supplement, or both. Also regarded as a month of financial aid is a month in which you receive less financial aid than normally, for example because you live temporarily with your parents.

The general housing allowance does not affect the annual income limit of the student financial aid. Do not include the general housing allowance as income during aid months or income affecting your financial aid.

A month of financial aid is a month in which you have been paid either a study grant, the student financial aid housing supplement, or both. Also regarded as a month without financial aid is a month

  • in which your only financial aid is a student loan
  • in which you receive only the general housing allowance
  • in which you have cancelled or paid back voluntarily your financial aid, or
  • in which you were paid financial aid but were not entitled to it. In that case Kela will either recover from you all of the financial aid paid to you, or waive the recovery.

How to raise your annual income limit

You must make sure that your income does not exceed your annual income limit. You can raise the limit if you notice that your income will exceed it

The financial aid must be returned by the end of the following May. For example, financial aid for 2017 can be returned until 31 May 2018.

It is a good idea to cancel or return financial aid if you notice that your income will exceed the annual income limit. Otherwise Kela will require you to pay back the overpaid aid plus 7.5% (the increase is 15% in the income check for the year of financial aid 2015 and for the preceding years). If you are a student in higher education, the number of months for which financial aid was recovered from you will not be made available to you again as months for which you may receive financial aid later on.

You can choose which months' financial aid payments you wish to cancel or return. It is in your best interest to cancel or return financial aid for a month for which you have received the smallest amount of financial aid. For example, if there is a particular month for which you received only the study grant or less study grant, you can return that month's study grant.

The general housing allowance does not affect the annual income limit of the student financial aid. You do not have to cancel or return the general housing allowance when you want to raise your annual income limit.

Check the preliminary information on your annual income online
(Opintotuki > Tukikuukaudet > Tulovalvonta > Vuositulot). This service is available in April and May. You can also check your annual income from a precompleted tax return.