1. Student Finance : Learning from Global Best Practice and Financial Innovations
- Author
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Abdo, Maryanna, Malhotra, Rajit, Assomull, Ashwin, and Bjarnason, Svava Lee
- Subjects
REPAYMENT PERIODS ,HIGHER LEARNING ,EDUCATION SECTOR ,INVESTMENT ,PAYMENT ,STUDENT LOAN ,MONEY MANAGEMENT ,EDUCATION FINANCE ,ECONOMIC GROWTH ,EDUCATION SYSTEMS ,EMPLOYERS ,EXTREME POVERTY ,FAMILIES ,STUDENT LOAN PROGRAM ,LOAN FACILITY ,FINANCING ,TERTIARY EDUCATION SECTOR ,EMPLOYMENT ,ACADEMIC PERFORMANCE ,STUDENT LOAN DEBT ,DEGREES ,ACCESS TO TERTIARY EDUCATION ,INFORMATION TECHNOLOGY ,ALTERNATIVE SOURCES OF FINANCING ,TERTIARY INSTITUTION ,INVESTMENTS ,PRIVATE SECTOR LENDERS ,FINANCIAL EDUCATION ,INSTALLMENT ,CONSUMER EDUCATION ,ALTERNATIVE FUNDING ,DEGREE PROGRAMS ,SMALL LOAN ,COLLATERAL ,PRIVATE ENTERPRISES ,LOAN PAYMENTS ,GUARANTEE ,BACKED SECURITIES ,BANK ,LOANS ,CREDIT ENHANCEMENT ,TERTIARY EDUCATION INSTITUTIONS ,COLLEGE ,FAMILY FINANCES ,EQUITY INVESTMENTS ,STUDENT LOAN PROGRAMS ,DEVELOPMENT BANKS ,MAINSTREAM BANKS ,EARNINGS ,EDUCATIONAL REFORM ,MORTGAGE ,TEACHERS ,TUITION ,RETURNS TO INVESTORS ,LOAN PROGRAMS ,LOAN PRODUCT ,STUDENTS ,BORROWER ,CAREER DEVELOPMENT ,BORROWERS ,CREDIT SCORE ,HUMAN RESOURCE DEVELOPMENT ,FINANCE ,INTERNATIONAL FINANCE ,FINANCIAL INSTRUMENT ,STUDENT FINANCE ,PAYROLL DEDUCTIONS ,DEBIT CARDS ,FINANCIAL AID ,FINANCIAL INNOVATIONS ,HIGHER EDUCATION ,LOAN PORTFOLIOS ,COOPERATION ,LABOR MARKET ,GRADUATE ,ENTERPRISES ,VOUCHER ,MICROFINANCE INSTITUTION ,PEER LENDING ,HOUSEHOLD ,ENTREPRENEURIAL VENTURES ,INTEREST RATES ,TEI ,TUITION FEES ,DEBT ,PRIVATE TERTIARY EDUCATION ,GUARANTEES ,LOAN SIZE ,INTEREST PAYMENTS ,TERTIARY EDUCATION ,PUBLIC TERTIARY EDUCATION ,SAVING ,PAYMENTS ,LOAN AMOUNTS ,LOAN REPAYMENT ,CASH FLOW ,COMMERCIAL LOANS ,ACCESS TO FINANCE ,LOAN PORTFOLIO ,FEES ,CREDIT HISTORIES ,RESEARCH ,ENROLLMENT GROWTH ,ACCESSIBILITY ,LABOR MARKET NEEDS ,TEXTBOOKS ,CREDIT-SCORING ,CAPITAL ,CREDIT-WORTHINESS ,ONLINE SYSTEMS ,CREDIT PROGRAM ,LENDERS ,LENDER ,FINANCES ,COMMERCIAL BANK ,CAREER ,COMMERCIAL LENDING ,PRIVATE TERTIARY EDUCATION SECTOR ,SOCIAL RESPONSIBILITY ,LOAN ELIGIBILITY ,GRADUATES ,REPAYMENTS ,LOAN PRODUCTS ,STUDENT ,ACCESS TO LOANS ,KEY CHALLENGES ,FAMILY ,FINANCING INITIATIVES ,HIGHER TUITION ,FINANCIAL INSTITUTIONS ,HUMAN CAPITAL ,CREDIT BUREAUS ,REVENUE ,DONOR FUNDS ,EQUITY ,BANKS ,BANK LOANS ,GRANTS ,LOAN SIZES ,FINANCIAL INSTITUTION ,STUDENT LOANS ,LOAN ,LEARNING ,GLOBAL EDUCATION ,CREDIT ,DEBT MANAGEMENT ,SECURITIES ,PEOPLE ,LOAN TERMS ,MICROFINANCE ,PRIVATE EDUCATION ,FEE ,TUITION PAYMENTS ,LOW-INCOME STUDENTS ,CREDIT HISTORY ,UNIVERSITIES ,PROFIT MARGINS ,ENROLLMENT ,REPAYMENT ,INCOME GROUPS ,GOVERNMENT STUDENT LOAN ,LOAN PROGRAM ,SCHOLARSHIPS ,LOW INTEREST RATES ,INTEREST ,CAPITAL FINANCE ,PRIVATE INSTITUTIONS ,ENROLLMENTS ,COLLEGES ,FINANCIAL INNOVATION ,FINANCIAL SUPPORT ,SAVINGS ,DEBIT CARD ,ONLINE SALES ,CAPACITY BUILDING ,SMALL LOANS ,OUTREACH ,BANK BORROWERS ,EDUCATION ACCESS ,INTEREST RATE ,UNIVERSITY ,CREDIT WORTHINESS ,ACADEMIC PLANS ,TERTIARY EDUCATION MARKET - Abstract
Demand is also fueled by other factors: in many emerging economies a ‘demographic dividend’ of young people, the product of significant reductions in child and infant mortality rates—is poised to enter education and work. And, according to the 2014 Millennium Development Goals report, nearly 90 percent of children in developing regions are on track to complete primary education. The shift from agricultural to knowledge-based economies also plays a significant role in creating demand for higher learning. The purpose of the study was to identify key success factors in private sector student lending in order to support IFC in understanding, and potentially making investments, in student lending across a range of emerging markets. The study examined 70 student lending models globally as well as a range of innovative financial models. Detailed case studies were developed for eight compelling and diverse private sector student lending models. The study also highlighted a range of innovative financial models including crowd funding, big box banking, social impact bonds, and other mechanisms. The purpose of this investigation of innovative financial models was to see what leading-edge methods might be at work in other sectors and to see if they might offer inspiration to student lending.
- Published
- 2015