How to claim a student loan tax deduction

If you complete a higher education degree in Finland, you usually do not have a claim a student loan tax deduction. When you have earned your degree, Kela will send you a written decision about the student loan tax deduction by the end of the term following graduation.

Example

If you complete a higher education degree that makes you eligible for a student loan tax deduction in May 2017, you will receive a decision or preliminary decision about the deduction in December 2017 at the latest.

Kela will not send you a decision if you have not taken out a student loan during your higher education studies. However, it is possible that you have used your right to a student loan tax deduction. Go to Kela's online customer service to check your status.

University degrees completed outside Finland

  1. Complete a Notification of degree completed in a foreign educational institution (OT 29).
  2. Scan or take a photo of the form and send it to Kela using the message function on Kela's online customer service website.
  3. Alternatively you can submit the paper form and supporting documents to any of Kela's customer service points.
  4. You will receive a decision once the bank has informed Kela of the principal amount of your student loan.

Situations where you have to claim a student loan tax deduction

You must claim the student a student loan tax deduction if

  • you have been covered by the financial aid system of the Åland Islands provincial government
  • you have been covered by the financial aid system of another EU or EEA country, you are liable for tax in Finland, and you make repayments towards loans that correspond to Finnish student loans, or
    • you believe that the university degree you have completed qualifies you for a student loan tax deduction, you have outstanding student loans, and you have not received a decision about the deduction by the end of the term following that in which you graduated.

Submit a Claim for a student loan tax deduction (form OT 20).

If you receive an unfavourable preliminary decision

You will be sent an unfavourable preliminary decision if your time to degree was too long or your loan amount is too small. You have some time to ask for a review of your case and explain why you took longer to graduate. Once your request for a review has been dealt with, you will receive a decision on the student loan compensation. If you are dissatisfied with the decision, you can appeal your case to the Appeal Board for Student Financial Aid.

Further information