Financing schemes for higher education
Most industrial countries have traditionally subsidized the provision of higher education. Several alternative financing schemes, which rely on larger contributions from students, are being increasingly adopted. Schemes such as income contingent loans, like the Australian Higher Education Contribution Scheme (HECS), provide insurance against uncertain educational outcomes. This paper analyses alternative financing schemes for higher education, with particular emphasis on the insurance role and its effect on higher education participation.
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2006-460, Australian National University, College of Business and Economics, School of Economics.
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