Students In Denmark Are Getting Paid to Attend College

College students in Denmark are getting paid $900 (5,839 Danish krones) to go to college while American students are shelling out tens of thousands of dollars in tuition each year while they walk away with an average of $28,400 in student loan debt upon graduation.

If this doesn’t make you want to get your passport ready, pack your suitcase and hop a plane to Denmark I’m not sure what would!

Every student over the age of 18 in Denmark is reported to receive a monthly stipend for a maximum of six years as part of the Statens Uddannelsesstotte program. That’s $64,800 to go to college and get an education that will prepare you for a career right after. There are also extra monetary incentives offer to students who excel in their studies, according to the Washington Post.

This amazing incentive never has to be paid back by Danish students. Not a single penny! Even the students who drop out of college are free of any obligation to repay the funds received. The only students who are not able to take advantage of this fruitful opportunity are those still living at home with their parents or guardians. Students living at home still receive, but the amount is largely dependent upon the income of the parents supporting the student.

Spokesperson for the Danish Ministry of Education, Mads Hammer Larsen, told the Washington Post “The aim of the support scheme is to ensure that it is not the social and economic standing of potentials students but abilities and interests that decides about education success.”

Danish students positively respond to this immense level of support as the graduation rate of Danish students is extremely high. The graduation rate is actually noted to be the highest reported out of all of the countries involved in the Organization for Economic Cooperation and Development (OECD).

The unemployment rate in Denmark is also one of the lowest in all of Europe as it clocks in at 11% for the country’s youth population. This shows that the money going to these students serves as a great incentive to pursue a higher education degree, despite the reservations voiced by some more fiscally conservatives in the country.

College students in the country know the value behind the monthly payments as well as the benefit of walking away from college debt free for the most part.

 Astrid Winther Fischer, a student as of the Technical University of Denmark notes when she told the Washington Post, “Some Danish think we spend the money we receive in bars and clubs, but most students understand what is at stake: The scheme’s existence education for everybody, no matter how much their parents make.”

The Statens Uddannelsesstotte program is predominantly available to Danish students BUT students from other countries are accepted if some very specific requirements are fulfilled. It’s certainly worth a a peek at the list of enrollment stipulations, though!

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