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Income Contingent Loans for Higher Education and Beyond

Racionero, Maria

Description

The role of income contingent loans (ICLs) as a risk-management device is being increasingly emphasized. Many countries have adopted ICLs to finance higher education and alternative uses have been proposed. In this chapter I first outline the main features of existing ICL schemes for higher education and discuss alternative designs. I then identify issues to be addressed when considering novel applications. Many existing ICL schemes for higher education imply large implicit subsidies: the...[Show more]

CollectionsANU Research Publications
Date published: 2014
Type: Book chapter
URI: http://hdl.handle.net/1885/34953
Book Title: INCOME CONTINGENT LOANS: Theory, Practice and Prospects
DOI: .1057/9781137413208_20

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