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Swedish students in billion kronor debt
Published: 20 Aug 12 12:12 CET | Print version
Online: http://www.thelocal.se/42718/20120820/
Over 90,000 people who studied in Sweden are now in debt to the Swedish Enforcement Authority (Kronofogdemyndigheten), owing over 1 billion kronor ($150 million)in total, yet experts maintain that student loans remain a helpful alternative.
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“The most expensive item is usually the home. Therefore it is important that you have a good social network,” she explained to the Dagens Nyheter newspaper (DN).
In a survey from Swedish loans body CSN last year, some two-thirds of students answered that they didn’t believe their student allowance was sufficient to live off.
Last year alone, almost 350,000 people, 28 percent of all the people in student debt, were forced to pay a reminder fee for a late payment.
On top of this, 93,500 people still owed money to the Swedish Enforcement Authority by the end of the year, according to DN.
Yngveson explains that keeping a budget, sharing a house with other students, and bringing your own lunch to school can be good methods of saving money, while also avoiding unnecessary expenses such as new clothes, shoes and haircuts – if possible.
“It's a good thing to keep an eye on the economy - especially when you leave home for the first time and manage your own finances. Picking up such habits early helps in the future,” she told the paper.
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Many non EU countries don't have these privileges but still produce quality graduates in high numbers!
All it means in those "Non EU" countries and lets be honest including many "EU" countriies - is that those who can afford to attend, take a larger proportion of the places.
If keeping the rich kids in education and the ones who cannot afford out is the goal of an educational system likely funded to a varying extent by tax payer money, then sure..
Sorry. I didn't mean that way. Please observe '?' and '!'.
sorry, but I don't understand the relationship between the good social network and the housing. ... Does she mean that you should be hot and sleep in a partner's flat or... does she suggest that adults should stay with their parents? "social network" had been a tool to keep insiders in and outsiders out in the job market for a good time, but I don't understand its relationship to the housing.