Income Contingent Loans for Higher Education and Beyond
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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]
Collections | ANU Research Publications |
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Date published: | 2014 |
Type: | Book chapter |
URI: | http://hdl.handle.net/1885/34953 |
Book Title: | Income Contingent Loans: Theory, Practice and Prospects |
DOI: | 10.1057/9781137413208_20 |
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File | Description | Size | Format | Image |
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01_Racionero_Income_Contingent_Loans_for_2014.pdf | 175.5 kB | Adobe PDF | Request a copy | |
02_Racionero_Income_Contingent_Loans_for_2014.pdf | 687.21 kB | Adobe PDF | Request a copy |
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