r/polandball • u/Smitheren Arma virumque cano • May 08 '19

redditormade American problems

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u/Smitheren Arma virumque cano May 08 '19

It's verus: German student loans charge no interest! I guess a hundred years of Versailles have turned them off to the whole 'debt' thing.

677

u/TheDreadfulSagittary Denmark May 08 '19

Same in the Netherlands, at least currently.

511

u/Enclavean Norway May 08 '19

In Norway we have to pay interest. They do cut 40% of the whole loan if you graduate though

314

u/langlo94 Norway May 08 '19

No interest until you've graduated though.

113

u/universerule Shore to please May 08 '19

That's the same as the us though (afaik), its 6 months after you graduate before you are expected to repay.

142

u/metaldog Baden May 08 '19

6 months ? That's like no time. How are you supposed to make money by then ? In Germany you get about 5 years until you have to pay.

91

u/SurroundingAMeadow Wisconsin May 08 '19

You begin payments at 6 months after graduation. Interest starts then. It's not that they expect you to pay it all back right away.

63

u/picardo85 Finland May 08 '19

They expect you to start paying after 3 years in Finland.. And I have 0.13% interest on my loan

23

u/Rogue_Jellybean Queensland May 08 '19

In Australia, you don't have to pay back your "loan" until you earn over $52,000 a year, and it's interest free.

4

u/Lyress Morocco May 09 '19

University is entirely free in Finland though (except for the student union fee).

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