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Repayment Burdens of Student Loans for Vietnamese Higher Education

Bruce Chapman () and Amy Liu ()

Crawford School Research Papers from Crawford School of Public Policy, The Australian National University

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.

Keywords: student loans; repayment burden; government aid; Vietnam (search for similar items in EconPapers)
JEL-codes: I00 I20 I22 I28 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2013-02-07
New Economics Papers: this item is included in nep-edu and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:een:crwfrp:1306

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