NO Lånekassen Student Loan Repayment 2027 Calculator
Lånekassen is Norway's state student loan + grant agency. Repayment starts 7 months after graduation, fixed 5.5% interest 2025-26 (rises with policy rate), 20-year max term.
| Loan balance | — |
| Interest rate | — |
| Repayment term | — |
| Monthly payment | — |
| Total interest | — |
| Total paid | — |
| Annual income | — |
| Deferment status | — |
| Tax deduction value | — |
Lånekassen (Statens lånekasse for utdanning) is Norway's state agency for student loans and grants. Standard terms: nominal interest (5.5% in 2025-26, adjusting with NIBOR), 10-year repayment, optional 20-year term, 22% tax deduction on interest paid.
How Lånekassen Loans Work
Norwegian students receive a combined loan + grant package while studying. After graduation: 40% of the loan can convert to grant if you pass exams + don't earn too much during studies. Remaining balance starts repayment 7 months after final exam. Default: 10-year nominal term.
Interest and Tax Treatment
Nominal rate adjusted quarterly based on government bond yield + 0.15% margin. 2025 nominal: 5.5%. 2026 Q1: 5.4%. Interest tax-deductible at 22% (Norway's standard income tax rate). Effective interest after deduction: ~4.2%.
Income-Based Deferment
If your annual income falls below the threshold (typically ~390,000 NOK for 2024-25), you can apply for full or partial deferment. Interest still accrues. Useful for parental leave, unemployment, low-income periods. Apply via lanekassen.no.
Repayment Strategy
If you have surplus cashflow: pay extra principal — saves interest. If you have inflation-protected investments: keep loan rolling, invest in funds (5-7% expected vs 5.5% loan). Many young Norwegians prioritize property over loan payoff (real estate + mortgage interest deduction).
Last updated May 2026. Sources: Lånekassen, Skatteetaten Tax Norway.