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Aid Programs for Higher Education

In: Income Contingent Loans

Author

Listed:
  • Jungyoll Yun

    (Ewha University)

Abstract

We discuss the welfare implications of income contingent loans (ICL) as a government aid program for higher education. We start by introducing some Korean experiences of student loans programs and present more general arguments on both the efficiency and the equity aspects of ICL as compared to other government programs such as normal (mortgage-type) loans, grants and government guaranteed loans. Lastly, we suggest a scheme that could enhance the efficiency of loan programs.

Suggested Citation

  • Jungyoll Yun, 2014. "Aid Programs for Higher Education," International Economic Association Series, in: Bruce Chapman & Timothy Higgins & Joseph E. Stiglitz (ed.), Income Contingent Loans, chapter 18, pages 216-222, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-137-41320-8_19
    DOI: 10.1057/9781137413208_19
    as

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