Student loans in Norway

In Norway, student loans are issued by Statens lånekasse for utdanning (The Norwegian State Educational Loan Fund), commonly referred to as Lånekassen. Loans are issued to students following studies at Norwegian universities and colleges, as well as studies abroad which have been approved by Lånekassen. No interest is paid until graduation. Every semester, providing that the student has passed all exams, part of the loan is converted into a grant.