Fewer Finnish students took out loans in 2023, though average amounts increased

In a notable shift from the past decade's trend, fewer Finnish students opted to take out student loans in 2023, marking the first decline in borrowers since 2013. Despite this, the average loan amount rose, continuing a pattern of gradual increases over the years.

A total of 174,685 individuals took out student loans last year, nearly 18,000 fewer than in 2022.