Policymakers often use Rate of Return information in formulating public resource allocation decisions. The World Bank uses this strategy to advise developing nations in setting student subsidy levels, tuition, and allocation by educational level. However, Rate of Return may be an inappropriate policy device for these objectives. (Author/MSE)

This article describes the operation of the student loan program in Nigeria, including its past problems and current attempts of the Nigerian Students Loans Board to improve efficiency of loan collection. It proposes the establishment of a new Education Bank to finance student loans and other forms of investment in higher education. (Author/DB)

This article summarizes the current pattern of finance of higher education in Ghana, gives a brief history of student loans in Ghana, and describes a new program, which is administered by the Social Security and National Insurance Trust and is expected to result in a higher rate of loan repayment. (Author/DB)

The arguments for and against student loans in Singapore are presented, with tables detailing trends in financing higher education. The paper concludes that such conditions as full employment, high private returns to higher education, and an efficient financial infrastructure suggest that student loans can be efficiently and equitably utilized in…

This introductory article describes current research on student loans in developing countries and concludes that student loans in these countries are feasible, can promote wider cost sharing, and can help to generate additional resources for higher education but only if loan programs are well designed and efficiently managed. (Author/DB)

This article reviews student loan programs around the world; notes the problem of financial inefficiency, particularly in developing nations; discusses strategies to improve loan program performance, such as program targeting and avoidance of hidden subsidies; and considers alternatives to student loans based on principles of deferred payment. (DB)

This article describes current structures of educational finance in Uganda (where college students are supported by the government, whereas families must pay a substantial portion of elementary and secondary costs); considers arguments for increased cost recovery and the introduction of student loans; and examines obstacles to student loans in…