Student loans in Norway

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In Norway, student loans are issued by Norwegian State Educational Loan Fund (Norwegian: Statens lånekasse for utdanning, 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.