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Direct linkJohnston, Alison; Barr, Nicholas – Journal of Higher Education Policy and Management, 2013
In this paper, we consider lessons for other countries about the design of student loans with income-contingent repayments (i.e. repayments calculated as "x" per cent of each borrower's subsequent income). Using a dataset of 20,000 simulated lifetime graduate earnings paths, we estimate the cost and distributional effects of reforms in…
Descriptors: Foreign Countries, Student Financial Aid, Paying for College, Loan Repayment
