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Financing higher education in an imperfect world.
- Source :
-
Economics of Education Review . Aug2019, Vol. 71, p23-31. 9p. - Publication Year :
- 2019
-
Abstract
- This paper explains why under laissez-faire the financing of higher education is both inefficient and inequitable. It is argued that a government-run scheme of income contingent loans (ICLs) for higher education would achieve superior outcomes. We advocate a refinement of existing ICLs schemes. Following Apps, Long and Rees (2014), the paper proposes a piecewise-linear repayment schedule that serves both equity and efficiency objectives. [ABSTRACT FROM AUTHOR]
- Subjects :
- *FINANCE education
*HIGHER education
*FREE enterprise
*REPAYMENTS
*LOANS
Subjects
Details
- Language :
- English
- ISSN :
- 02727757
- Volume :
- 71
- Database :
- Academic Search Index
- Journal :
- Economics of Education Review
- Publication Type :
- Academic Journal
- Accession number :
- 137111773
- Full Text :
- https://doi.org/10.1016/j.econedurev.2018.06.004