Financial assistance for study abroad students: An economic analysis

Donald Lien and Gang Liu

International Review of Economics & Finance, 2010, vol. 19, issue 3, 515-522

Abstract: This paper examines the scholarship payback policy embedded in a study abroad program. A full payback policy requires a student to return the whole amount of the scholarship should he fail to achieve a target post-program performance, whereas a partial payback policy requires a payback amount in proportion to the extent of the under-performance. It is found that, the university should adopt a fixed amount scholarship to maximize the average post-program ability. There is also an optimal partial payback policy.

Keywords: Study; abroad; Scholarship; Payback; policy (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eee:reveco:v:19:y:2010:i:3:p:515-522

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