Also, remember that a lot of these loans are tax payer money that they should payback ( if not directly, then eventually as high tax rate on their income)
Since this is run by the Swedish government at cost, with no profit motive, the actual cost to the Swedish state of borrowing that money is a 0,19% interest rate (as of 2018, it obviously varies but is consistently a lot lower than anything I as a private individual could negotiate with a bank).
Makes university education generally affordable, and only at cost to both government and private individual.
As far as I understand this, when the US runs a federal student loan program, the interest on loans is consistently no less than 4% (and up), currently 4.53%?
It's a pretty large gap between 0,19% and 4,53%. Is the US public sure it is being served here?