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One difference is that the student loans in Sweden are controlled by the government and have a very low interest rate (it's 0.05% currently). It'd be foolish no
by ptr 6y ago
One difference is that the student loans in Sweden are controlled by the government and have a very low interest rate (it's 0.05% currently). It'd be foolish not taking that loan.
- refurb 6y agoThat is a big difference!
- catears 6y agoI think the argument goes something like this: if the state lends money to allow more people to educate themselves, then in the future those people will be earning more money and then be paying higher taxes. Therefore the interest on the loan does not need to pay it of, the increased income to the state from taxes need to pay of the loans.