what is financing system for university education in Sweden

Sweden provides a system of government-subsidized loans and grants for university education that enables students to obtain a higher education at minimal costs. Grants are awarded to students based on financial need and merit and are intended to cover tuition, housing, and living expenses. Students have to apply for the grants through central government agencies and the application will determine if they qualify. They can then choose to supplement these grants with government-subsidized student loans to cover additional costs. Also, there are private student loans available to qualifying students; however, these generally have higher interest rates and require repayment when studies are completed.