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Transferring US student loan debt to Sweden

Is it possible to transfer foreign debt?

*Guest*
post 28.Jul.2020, 03:47 PM
Post #1


I have a bit of an odd question. By the time I finish my degree, I will have about $56,000 worth of student loan debt in the US. The repayment interest rate in the US it 4.5% which is much higher than in Sweden. I am planning to stay and work in Sweden after I finish my studies in Uppsala. Does anyone know if it is at all possible (through public or private means) to consolidate my US loans into a Swedish loan and repay it to a Swedish entity? Perhaps even a bank? I cannot find any information online in regards to whether or not this is even possible. Thank you in advance for your time.
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Gimp
post 28.Jul.2020, 05:01 PM
Post #2
Location: Pakistan
Joined: 27.Jan.2020

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Anders
post 28.Jul.2020, 07:41 PM
Post #3
Location: Malmö
Joined: 14.Nov.2019

QUOTE (enb93 @ 28.Jul.2020, 04:47 PM) *
I have a bit of an odd question. By the time I finish my degree, I will have about $56,000 worth of student loan debt in the US. The repayment interest rate in the US it ... (show full quote)


Interest rates are around 4,5% in Sweden too, depending on how the bank rate you.
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john.boy
post 29.Jul.2020, 07:46 AM
Post #4
Location: Stockholm county
Joined: 27.Sep.2017

You should also check with the tax authorities, if the financial institution your student loan is with qualifies then you could also be entitled to 30% tax refund on interest paid during the tax year.
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Gimp
post 29.Jul.2020, 03:31 PM
Post #5
Location: Pakistan
Joined: 27.Jan.2020

QUOTE (john.boy @ 29.Jul.2020, 08:46 AM) *
You should also check with the tax authorities, if the financial institution your student loan is with qualifies then you could also be entitled to 30% tax refund on interest paid during the tax year.


This is on top of the $2,000 deductible cap for student loan interest paid?

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Mrs Robinsson
post 29.Jul.2020, 09:58 PM
Post #6
Location: Canada
Joined: 25.Jan.2012

Work hard and pay it off in 2 or 3 years. You'll be glad you did.
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Gimp
post 29.Jul.2020, 10:14 PM
Post #7
Location: Pakistan
Joined: 27.Jan.2020

QUOTE (Mrs Robinsson @ 29.Jul.2020, 10:58 PM) *
Work hard and pay it off in 2 or 3 years. You'll be glad you did.


Pay off 50k of debt in two years? Not many have over 2k excess income a month.
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Mrs Robinsson
post 29.Jul.2020, 10:45 PM
Post #8
Location: Canada
Joined: 25.Jan.2012

ok 5 years max. Any more than that it shouldn't have been taken out in the first place.

Of course this debt is lower than so many you hear about, but they're not worth it.
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Gimp
post 30.Jul.2020, 03:50 PM
Post #9
Location: Pakistan
Joined: 27.Jan.2020

QUOTE (Mrs Robinsson @ 29.Jul.2020, 10:45 PM) *
ok 5 years max. Any more than that it shouldn't have been taken out in the first place.. Of course this debt is lower than so many you hear about, but they're not worth it.


Lol

You apply that thinking to all investments?
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