Students from Abroad in Swedish Higher Education for the First Time

Quick facts:

• Most students are in the age group of 22-29.
• More women students take up education compared to men.
• Most chosen courses are Engineering and Manufacturing, and Social Sciences, Law, Commerce, and Administration
  (maybe it’s bachelor degree).
• Most chosen universities are:
  • Lund: 2349
  • Uppsala: 1825
  • Stockholm University: 1506
  • KTH: 1480
  • Göteborgs Universitet: 1154
  • Chalmers & Umeå: 750+ each

Students coming from Non-EU countries often have to take education loans from their home country
(only a few get scholarships) and need to repay a huge sum with significant interest back to the bank.

Many students repaying these loans have never claimed back tax deductions on the interest repaid
due to a lack of awareness of tax laws.

Important Note:

Until the year 2024, all education loan interest is eligible for deduction. However:

• From 2025, only 50% of the interest repaid will be eligible for deduction.
• From 2026, this deduction will be removed entirely.

This change is because loans backed by assets (like homes, cars, boats, etc.) are prioritized for deductions.