International Dimensions in the Financing of Higher Education
AbstractThis chapter compares and contrasts international experience with respect to higher education financing. The size and payment forms of tuition, and the different types and levels of public sector support, are illustrated for a large number of countries. A major aspect of the discussion concerns the conceptual bases and the costs and benefits of the two different instruments of government intervention for student financing: guaranteed bank loans, and income contingent loans. It is argued that income contingent loans have a number of advantages over government guaranteed bank loans, and this seems to be increasingly recognised with respect to international adoption of the former. However, to be efficacious income contingent loan systems require sophisticated institutional and administrative repayment collection arrangements.
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Bibliographic InfoPaper provided by Centre for Economic Policy Research, Research School of Economics, Australian National University in its series CEPR Discussion Papers with number 574.
Date of creation: Mar 2008
Date of revision:
government guaranteed bank loans; higher education; income contingent loans; student loans; tuition;
Find related papers by JEL classification:
- I21 - Health, Education, and Welfare - - Education - - - Analysis of Education
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
- I28 - Health, Education, and Welfare - - Education - - - Government Policy
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- Chapman, Bruce, 1997.
"Conceptual Issues and the Australian Experience with Income Contingent Charges for Higher Education,"
Royal Economic Society, vol. 107(442), pages 738-51, May.
- Chapman, B., 1996. "Conceptual Issues and the Australian Experience with Income Contingent Charges for Higher Education," CEPR Discussion Papers 350, Centre for Economic Policy Research, Research School of Economics, Australian National University.
- CÃ©cile Hoareau, 2010. "FINANCING EU STUDENT MOBILITY: A Proposed Credit Union Scheme for Europe," University of California at Berkeley, Center for Studies in Higher Education qt64r0t16d, Center for Studies in Higher Education, UC Berkeley.
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