That's about right. To live in Helsinki you'd probabaly need minimum 1000€ for a shared Apartment and food... With 560€ you might be able to live somewhere and scrape by.
Also If you manage to buy a (small) condo, the interest is basically below zero right now, so 560e could easily cover basic expenses.
In Helsinki Metropolitan area is is
315e student aid + 200e housing aid ( + possibility for student priced housing and other student priced amenities)