 From Grants to Loans and Fees: The Demand for Post-Compulsory Education in England and Wales from 1955 to 2008Peter Dolton and Li Lin CEE Discussion Papers from Centre for the Economics of Education, LSE Abstract: The UK has progressively moved from a Higher Education (HE) system which is funded at the tax payers' expense to one which is funded by individual participants (and their parents) by scrapping student grants, introducing student loans and charging tuition fees. The purpose of this paper is to identify the impact of these changes on the demand for HE using time-series data for England and Wales over the period 1955 to 2008. We use a Seemingly Unrelated Regressions model of three indicators of demand for post-compulsory education allowing for structural breaks. Tests show that most of the breaks occurred in line with several important policy changes. We find that less generous student financial support arrangements have had a significant negative impact on university enrolment. We simulate the impact of raising tuition fees to £9,000 pa and find that this will reduce demand for HE from boys by 7.51 percentage points and from girls by 4.92 percentage points. Keywords: post compulsory education; student finance; structural change (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:cep:ceedps:0127 Access Statistics for this paper More papers in CEE Discussion Papers from Centre for the Economics of Education, LSE |
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