Repayment Burdens of Student Loans for Vietnamese Higher Education
AbstractThe time is approaching when Vietnamese higher education students will be required to contribute more to the direct costs of the process. As well, continued expansion of the system will become increasingly difficult without the institution of an effective student loans policy designed to assist with both tuition and living costs. Of major policy interest in this future scenario, and the topic of this paper, are the potential financial difficulties that borrowers are likely to face with 'repayment burdens' (RB), the proportion of incomes needed to repay their loans. We show how significant this issue is likely to be by constructing a hypothetical student loans system and calculating RBs for male and female graduates residing in four different parts of Vietnam. We find that there are likely to be significant problems, potentially leading to high default rates, for many graduates if the financing of higher education expansion uses typical forms of student loans.
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Bibliographic InfoPaper provided by Crawford School of Public Policy, The Australian National University in its series Crawford School Research Papers with number 1306.
Length: 26 pages
Date of creation: 07 Feb 2013
Date of revision:
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Web page: https://crawford.anu.edu.au/research/crwf_ssrn/
More information through EDIRC
student loans; repayment burden; government aid; Vietnam;
Find related papers by JEL classification:
- I00 - Health, Education, and Welfare - - General - - - General
- I20 - Health, Education, and Welfare - - Education - - - General
- I22 - Health, Education, and Welfare - - Education - - - Educational Finance
- I28 - Health, Education, and Welfare - - Education - - - Government Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-04-13 (All new papers)
- NEP-EDU-2013-04-13 (Education)
- NEP-SEA-2013-04-13 (South East Asia)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Funding tertiary education in Southeast Asia and beyond
by Bruce Chapman in East Asia Forum on 2013-03-09 23:00:50
- Higgins, Tim & Sinning, Mathias, 2013. "Modeling Income Dynamics for Public Policy Design: An Application to Income Contingent Student Loans," IZA Discussion Papers 7556, Institute for the Study of Labor (IZA).
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