Norway is leaning in further to a student debt forgiveness scheme aimed at encouraging graduates to live in less populated areas of the country.
From this month, employed graduates living in Norway’s least central zones can have NKr25,000 (£1,800) of their student debt erased per year, with the ability to continue until their debt is paid off in its entirety. Average total debt for students who graduated in 2023 was NKr427,000.
“If we are to develop the whole of Norway further, we need a value-creating business sector and good welfare services. We want to avoid districts being emptied of people and expertise, which is important for the country’s preparedness,” said Oddmund Hoel, the higher education minister.
Hoel said the…
