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Amount and payment
Under the interest assistance scheme, Kela pays
- the interest due on student loans
- the notification costs charged by the bank.
You need not pay them back to Kela. If you make interest payments after the due date, you will have to pay any late charges yourself. They are not covered by interest assistance.
Kela pays the interest payments that have accrued over the six months preceding the due date all at one time. You can get interest assistance for a maximum of five times.
|Interest due date||Interest season|
If you have already paid the interest to your bank, Kela can pay the interest assistance to you. If you have not yet paid the interest, you can ask Kela to pay the interest assistance directly to the bank.
Kela sends the data on student financial aid paid out to the national incomes register within five days of the date of payment.