2/03/2013

Student loans agency warns of non-payment

Close to 90,000 Swedes with student loans are endangering their future credit score by late or outstanding payments, prompting the student loans body CSN (Centrala studiestödsnämnden) to place warning calls to those risking a record of non-payment.



New figures revealed how many Swedes have defaulted on their loans and seen their cases forwarded to the Swedish Enforcement Agency (Kronofogden).

The average debt of people not managing to make their repayments is 11,000 kronor per person, with the majority of those affected being young adults who have studied at a tertiary level.

"Young people in particular find it hard to understand the consequences of ending up in the hands of Kronofogden. Some people choose not to do anything about it," said Boel Magnusson, spokeswoman at CSN, to the TT news agency.

An equal mix of men and women are in the red, with only 13 percent having studied at a university level. The majority attended municipal adult education programmes (Komvux).

- Thelocal.se

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