Income Related Student Loans: Concepts, International Reforms and Administrative Challenges
A critical aim of a higher education financing system is to help ensure that there are minimal barriers to the participation of talented but poor students. To this end governments of mature economies typically intervene, either through the provision of taxpayer subsidies covering all tuition costs and some proportion of student living expenses, or through public sector involvement in loan programmes. This chapter begins by explaining, with reference to capital market ‘failure’, why it is that some form of government intervention is necessary to minimise problems of access.
KeywordsBank Loan Income Relate Human Capital Investment Credit Constraint Future Income
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