Working group on the overhaul of the student financial aid system

OKM010:00/2024 Development

The working group will assess the current state of student financial aid in line with the Programme of Prime Minister Petteri Orpo's Government and draw up proposals for the Ministry for overhauling student financial aid. The working group has a monitoring group that handles matters prepared by the working group and takes a stand on its proposals.

Basic information In progress

Project number OKM010:00/2024

Case numbers VN/35745/2023

Set by Ministry of Education and Culture

Term/schedule 1.2.2024 – 31.1.2025

Date of appointment 26.1.2024

Relation to the Government Programme

Orpo

Luku 5 Osaava Suomi

Alaluku 5.3 Korkea osaaminen ja sivistys tulevaisuuden perustana

Contact person
Virpi Hiltunen, NEUVOTTELEVA VIRKAMIES
tel. +358 295 330 110
[email protected]

Goals and results

This overhaul is carried out to ensure that the level of support remains sufficient for full-time studying, to encourage the completion of qualifications within the target period, to improve the security of student loans, to clarify the system and to facilitate implementation.

The working group will make proposals on student financial aid for both upper secondary and tertiary education. For upper secondary education, the focus will be on the criteria and incentives for ensuring the subsistence of students in compulsory education. For tertiary education, the focus will be on the criteria and incentives for ensuring the subsistence of students while they complete their first tertiary-level degree within the target time.

The working group will also propose elements to improve the usability and security of student loans. With regard to students, the working group will explore and develop a financially attractive option to complement the general housing allowance that will favour shared student housing.

The working group will commission studies necessary to support its work.

Summary

The working group will assess the current state of student financial aid in line with the Programme of Prime Minister Petteri Orpo's Government and draw up proposals for the Ministry for overhauling student financial aid. The working group has a monitoring group that handles matters prepared by the working group and takes a stand on its proposals.

Starting points

The project is based on the Programme of Prime Minister Petteri Orpo's Government, according to which the Government will launch an overhaul of the student financial aid system. In line with the Government Programme, the project will examine the level of study grants, the size of student loans, the amount of student loan compensation, tax-exempt income thresholds, the status of students with families, and housing support.

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