International Dimensions in the Financing of Higher Education

Bruce James Chapman () and Peter Tulip

No 574, CEPR Discussion Papers from Centre for Economic Policy Research, Research School of Social Sciences, Australian National University

Abstract: This chapter compares and contrasts international experience with respect to higher education financing. The size and payment forms of tuition, and the different types and levels of public sector support, are illustrated for a large number of countries. A major aspect of the discussion concerns the conceptual bases and the costs and benefits of the two different instruments of government intervention for student financing: guaranteed bank loans, and income contingent loans. It is argued that income contingent loans have a number of advantages over government guaranteed bank loans, and this seems to be increasingly recognised with respect to international adoption of the former. However, to be efficacious income contingent loan systems require sophisticated institutional and administrative repayment collection arrangements.

Keywords: government guaranteed bank loans; higher education; income contingent loans; student loans; tuition (search for similar items in EconPapers)
JEL-codes: I21 I22 I28 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-edu
Date: 2008-03
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Persistent link: http://EconPapers.repec.org/RePEc:auu:dpaper:574

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