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Financing schemes for higher education

Author

Listed:
  • DEL REY, Elena
  • RACIONERO, Maria

Abstract

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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Suggested Citation

  • DEL REY, Elena & RACIONERO, Maria, 2010. "Financing schemes for higher education," LIDAM Reprints CORE 2181, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    • Handle: RePEc:cor:louvrp:2181
    DOI: 10.1016/j.ejpoleco.2009.09.002
    Note: In : European Journal of Political Economy, 26(1), 104-113, 2010
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    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy

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