This paper presents an exploratory analysis of the funding mechanisms for higher education across sixteen countries which builds upon existing work on educational institutions, educational outcomes, and welfare regimes. We focus upon the current financing dilemma within the Irish higher education system, seeking potential solutions within an…

Between 1965 and 2010, most federal student loans were issued by private lending institutions and guaranteed by the government, and most student loan borrowers made fixed monthly payments over a set period--typically 10 years. Since 2010, however, all federal student loans have been issued directly by the federal government, and borrowers have…

This paper summarises the evolution of student contributions in Australia since 1989, exploring system redesigns that commenced in 1997, 2005 and 2021. Public and private benefits are recurring themes in setting student contributions, both as high-level justifications for government policy and in pricing specific disciplines. Professor Andrew…

There is remarkable diversity in student loan systems throughout the world. In considering the ideal approach to system of loan repayment based on income here in the United States, it is valuable to examine the nature, successes, and failures of some other countries' methods of offering borrowers income-contingent student loan repayment. Two…

In this paper I argue that in the aftermath of the Global Financial Crisis of 2008-2009 young people, certain populations of young people in particular, are being made to bear a heavy burden, carry significant responsibilities for re-imagining their lives as a enterprise--an enterprise in which an "investment" in education and training…

In England, Scotland, Wales and Northern Ireland, the funding systems for full-time, first-time undergraduate students differ. Despite these differences, universities in each of the three parts of the United Kingdom (UK) with tuition fees--England, Wales and Northern Ireland--all share a common tendency to set them at the same (maximum) rate for…

This study compares tuition funding arrangements, debt at graduation, and earnings outcomes for full-time domestic undergraduates in eight Anglophone countries: the United Kingdom (England, Wales, Northern Ireland, and Scotland), United States, Canada, Australia, and New Zealand. According to multiple estimates, the average English student faces…

This report reviews the use of loans for learning in 33 European countries and analyses the schemes in eight selected Member States: France, Hungary, the Netherlands, Austria, Poland, Finland, Sweden and the UK. The analysis shows that loan schemes vary considerably across Europe in terms of types and levels of learning covered, conditions of…

This white paper analyzes the potential effects of requiring income-driven repayment for all federal loans as well as relying on paycheck withholding for loan payments, with particular attention to the implications for low-income students and families. The Institute for College Access & Success (TICAS) also examines the relevance and evolution…

The Higher Education Contribution Scheme (HECS) has been advanced as having many desirable properties. These have been discussed largely from the theoretical perspective, and with the individual rather than the family as the reference point. This paper explores whether HECS is working the way it was intended. Is it having undesirable or…

The increasing cost of higher education, coupled with the inability of federal and state governments to sustain parallel increases in levels of funding for student financial aid, has led to significant growth of student loans. This project analyzes the multidimensional student loans space in the US. This project also compares and contrasts some of…

In a period of student loan scandals and U.S. financial market instability impacting on the cost and availability of student loans, this paper looks at alternative models of higher education funding. In this context, it also considers the level of financial support that the government should provide to higher education.

There have been many changes to the Higher Education Contribution Scheme (HECS) since its introduction in 1989. The most significant of these is possibly the reforms announced in the 2003 Federal Budget, which allow universities to increase the contributions required of students by up to 25%. This paper considers the distribution of deferred HECS…

The purpose of this study is to move beyond debates about income-contingency or non-income contingency as a means of loan repayment and focus on the specific nature of the debt burden facing students in different countries. In particular, it will explore how much students in different countries owe in student loan debt, the conditions governing…

Outlines design issues involved with introducing an income-contingent, college student-loan program and describes the solutions adopted by Australian and New Zealand governments. Uses dynamic microsimulation to simulate the likely future repayment profiles for two Australian ICL schemes and assesses the proportion of total debt repaid. (19…