More study grant for student families with children

There will be slight improvements to the student financial aid starting from the beginning of 2020. The provider supplement to the study grant will increase, all students who study abroad will receive a housing supplement of the same amount and the income limits for the recipient’s own income will be raised. In addition, the time limit for voluntary repayment of student financial aid will be shortened to the end of April.

The provider supplement to the study grant will be EUR 100 per month starting from January 2020. The provider supplement will be increased by EUR 25. There are approximately 15,000 persons who receive a provider supplement.

As a rule, students who study abroad can receive a housing supplement of EUR 210 per month to the student financial aid. However, the housing supplement has been smaller in certain countries in Eastern Europe. For instance, the basic amount of the housing supplement for persons who study in Bulgaria, Romania or Slovenia has been EUR 58.87 per month. Starting from January 2020, all students who study abroad and live in rental accommodation can receive a housing supplement of EUR 210 per month. The housing supplement will increase for about 350 students who study abroad.

Kela adjusts the provider supplements and housing supplements automatically. Students whose student financial aid increases will receive a new decision on the student financial aid in December without any separate application.

Increase to the annual income limits concerning student financial aid

The annual income limits for the recipient’s own income are raised every second year in line with the change in wages. Accordingly, the income limits for the years of financial aid 2020 and 2021 will be increased by 4.5%. If a student receives financial aid for 9 months, the student can, in addition to the financial aid, have other income to an amount of EUR 12,498 per year. The income limit is raised by EUR 525. For students with 10 months of financial aid the limit is EUR 11,116.

You can check the new income and recovery limits concerning student financial aid on Kela's website at www.kela.fi. Students must themselves make sure that they do not exceed the set limit for annual income. Students can estimate the effect of their income on the student financial aid with the help of Kela's calculator.

If the income exceeds the income limit, the student can cancel or repay student financial aid. The time limit for voluntary repayment of student financial aid will be shortened by one month. Repayments of student financial aid concerning the year of financial aid 2019 must be made by 30 April 2020. This change has been implemented for tax reasons.

Easier for students who study abroad to receive student loan compensation

If a student in higher education completes his or her degree in the given time, Kela will pay part of the student loan in the form of student loan compensation. Now this time limit can be extended for higher education studies pursued abroad, if a delay in the granting of a diploma or different definitions of the start and end dates of the terms have prolonged the time of completing a degree. In such a case, the time for completing a degree that entitles to student loan compensation can be extended by a maximum of 3 months.

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