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Repayment Burdens of Student Loans for Vietnamese Higher Education

Author

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  • Bruce Chapman
  • Amy Y. C. Liu

Abstract

The 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.

Suggested Citation

  • Bruce Chapman & Amy Y. C. Liu, 2013. "Repayment Burdens of Student Loans for Vietnamese Higher Education," Crawford School Research Papers 1306, Crawford School of Public Policy, The Australian National University.
    • Handle: RePEc:een:crwfrp:1306
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Funding tertiary education in Southeast Asia and beyond
      by Bruce Chapman in East Asia Forum on 2013-03-10 05:00:50

    Citations

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    Cited by:

    1. Heitor, Manuel & Horta, Hugo & Leocádio, Miguel, 2016. "Enlarging the social basis of higher education: Lessons learned from extending a social support system with a risk-sharing loan scheme in Portugal," Technological Forecasting and Social Change, Elsevier, vol. 113(PB), pages 319-327.
    2. World Bank, 2020. "Improving the Performance of Higher Education in Vietnam," World Bank Publications - Reports 33681, The World Bank Group.
    3. Bruce Chapman & Lorraine Dearden, 2017. "Conceptual and Empirical Issues for Alternative Student Loan Designs: The Significance of Loan Repayment Burdens for the United States," The ANNALS of the American Academy of Political and Social Science, , vol. 671(1), pages 249-268, May.
    4. Higgins, Tim & Sinning, Mathias, 2013. "Modeling income dynamics for public policy design: An application to income contingent student loans," Economics of Education Review, Elsevier, vol. 37(C), pages 273-285.
    5. Chapman, Bruce & Doris, Aedín, 2019. "Modelling higher education financing reform for Ireland," Economics of Education Review, Elsevier, vol. 71(C), pages 109-119.
    6. Chapman, Bruce & Lounkaew, Kiatanantha, 2013. "Introduction to the special issue on Economic Research for Education Policy," Economics of Education Review, Elsevier, vol. 37(C), pages 200-203.

    More about this item

    Keywords

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    JEL classification:

    • I00 - Health, Education, and Welfare - - General - - - General
    • I20 - Health, Education, and Welfare - - Education - - - General
    • I22 - Health, Education, and Welfare - - Education - - - Educational Finance; Financial Aid
    • I28 - Health, Education, and Welfare - - Education - - - Government Policy

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