Changing student financial aid to be paid out for a specified period of time

If Kela considers that your study progress should be monitored particularly closely, it may make your financial aid payable for a specified period of time only. After the specified period, you will have to file a new application for student financial aid.

After the specified period is over, you can get financial aid if during that period you earn

  • at least 20 credits and
  • at least 5.0 credits on average for each month of financial aid.

The specified period of time is usually the academic year during which your study progress was monitored. If you take out financial aid for nine months in the academic year in question, you must complete at least 45 credits during that period of time.

You may also cancel or return financial aid payments, in which case the credits required during the specified time will be reduced. You must, however, complete at least 20 credits after 1 August 2014 regardless of the number of months for which you have received financial aid.

If you do not complete enough credits during the specified period of time

If you do not complete enough credits during the specified period of time, you cannot be granted financial aid after the specified period. You can get financial aid again when you have earned

  • at least 20 credits since the beginning of the academic year for which financial aid was granted for a specified period of time, and
  • at least 5 credits on average for each month of financial aid.
  • Financial aid is also available after the specified period of time provided that you, after the period has ended, complete new studies amounting to at least 20 credits.

You can again be granted financial aid despite having earned insufficient credits if your studies have not progressed sufficiently during the specified period of time for an acceptable reason. Explain the reason in your application.

What to do if you do not complete enough credits during the specified period of time

If you do not complete enough credits during the specified period of time, you can either return financial aid or complete the missing credits without the benefit of financial aid. You can, for example, do as follows.

You did not complete enough credits in the academic year 2017–2018. Because of this, you receive a letter in October 2018 requesting information on your study progress. You reply to the letter, but Kela does not consider the information you provide sufficient. In the academic year 2018–2019, you must complete at least 20 credits and on average at least 5 credits for each month of aid. In the academic year 2018–2019, you take out financial aid for nine months. This means that you must complete at least 45 credits during the academic year, but you only complete 37 credits during the academic year 2018–2019.

You have the following options:

  1. You can return financial aid for two months of the academic year 2018–2019. The required number of credits is then reduced to 35 and you can file a new application for financial aid.
  2. After the specified period of time is over (31 May 2019), you complete at least 8 credits without the benefit of financial aid. This means that since the beginning of academic year 2018–2019 you have completed the required 45 credits, and you can file a new application for financial aid.
  3. After the specified period of time is over (31 May 2019), you complete at least 20 credits without the benefit of financial aid. You can file a new application for financial aid.

Bachelor's and master's degrees

If you are completing both a bachelor's and a master's degree in a university, and your financial aid was made payable for a specified period of time when your progress towards the bachelor's degree was monitored, you are considered to have made satisfactory progress once you have completed the bachelor's degree. This means that you can receive financial aid towards a master's degree even if you have not met the study progress requirements set for you. However, you must have some months of financial aid remaining.

Usually you must file a new application for financial aid. More information.

Filing a new application for financial aid

You must file a new application for financial aid if

  • the specified period of time runs out and you have earned enough credits during it, or
  • the specified period of time is over and you have earned enough credits after it, or
  • the specified period of time runs out or has run out and you have not earned sufficient credits, but your studies have been delayed for an acceptable reason. Explain the reason in your application.

You can get financial aid again from the beginning of the month in which you earned the required number of credits. Financial aid can be granted no earlier than from the beginning of the month in which your application is received.

  1. Apply for financial aid online. Log in to Kela's online customer service (in Finnish and Swedish only) using your online bank ID or a mobile ID.
  2. You can use Kela's online service to see whether your application has been decided and the amount you will receive.

Alternatively, you can complete and print out a notification of changes (OT 15e). You can mail the paper application to Kela or take it to your nearest Kela's customer service points or citizen service centre.