A short history of Finnish financial aid for students


The student's own income limits affecting study grant will be temporarily increased by 25 % in 2022.  

Study grants are increased annually on the basis of the National Pension Index (2020-2022).

The impact of the Covid-19 epidemic on study conditions is taken into account in the terms of the student loan compensation, student loan tax deduction and school transport  subsidy (2020 and 2021).

Meal subsidy is EUR 2.30 per meal on 1.1.2021.

A provider supplement will be introduced and increased (2018, 2020). A supplement for study materials is taken in use and a need-based assessment of parents income will be reduced and the support period for upper secondary education will be extended (2018, 2019).

The right to study grants and school transport subsidy extends to basic education students who have reached compulsory school age (2019) and to students in free education (2021).


The ratio of loans to overall student financial aid is increased in higher education, and students become eligible for general housing allowance.


Student loan compensation replaces student loan deduction; amendments to make loans practicable enter into force.


The criteria for granting school transport subsidies are revised.


Tax-based student loan deduction introduced; an incentive for graduation with the normative period.


Increases to various elements of aid: the magnitude of state guarantees, study grants and housing supplements and to the income thresholds of the student and those of the parents and to the size of the meal subsidies.


Adult education allowance.


An annual income model is adopted, making it easier to balance financial aid for students and earned income.


School transport subsidies for students in upper secondary schools and vocational training are adopted.


Major reform in the system of financial aid for students; the focus shifts more towards study grants than previously.


New elements are added to the financial aid for students system: housing supplements, meal subsidies, interest rate subsidies and adult study grants.


The current form of financial aid for students was introduced – initially mainly composed of study grants and student loans.

See also

Yhteystiedot - Yhteystietonosto

Virpi Hiltunen, Ministerial Adviser 
Ministry of Education and Culture, Nuoriso- ja liikuntapolitiikan osasto (NUOLI), Strategia- ja ohjausryhmä (SORY) 0295330110