...meaning they end up pretty small: my debt was about 250 000 SEK -- very roughly $25k -- after 5 years of university. Combined with the monthly stipend that

...meaning they end up pretty small: my debt was about 250 000 SEK -- very roughly $25k -- after 5 years of university. Combined with the monthly stipend that everyone gets, I was "self-supporting"; my parents didn't have to (and wouldn't have been able to) pay any money out of pocket for my education or living expenses during that time. And now I pay around $1k total on that loan every year. I could pay it off faster, but the terms are so good that I'd rather use it to lower my mortgage, or invest it. Thanks to this system, I got the opportunity to do what I wanted, and society gets another well-paid software engineer that can pay lots of taxes. Win-win! (Edit: corrected debt from 300 000 SEK to 250 000 after checking)