Residence Permit

If you are not a citizen of the European Union then it’s very likely that you will need to get a residence permit from one of Swedish embassies in your home country. In order to get this permit, issued for one year you will need to fill in their application form, enclose your admission letter, a copy of your passport and proof that you have 7300 SEK in your bank account for 10 months of EVERY year of your studies. So in order to get this residence permit you will need to have 219,000 SEK (7,300*10*3=219,000 SEK) in your bank account. Once again you will need the whole sum for all three years just to get the residence permit for your first year, even though theoretically you will only need 7300 SEK during you first year. That sum is bare minimum needed to live in Sweden if you have more will not only benefit you but the chances of getting your permit.
  It costs 1000 SEK to process your application which you have to pay when you apply and it is not refundable. Unlike your initial application which has to be formally applied to in your home country, renewals can be done in Sweden online, it still costs the same amount though. And you still need to show your bank balance.
 When you apply to get your residence permit the embassy sends your application to Sweden to one of their four centres, depending on which university you have been applied to. And they decide whether to allow you to come or deny the application. It has been reported by some as quite a lengthy process because of summer holidays and so on. So it is worth chasing it after 6 weeks. They do not guarantee that you will get you permit in time if the application you give to the embassy is incomplete or there is less than 6 weeks left till your studies. So the deadline for fall 2008 is around beginning of July.
Once you get your residence permit you are allowed to work in Sweden and travel freely in the schengen zone.