Resources for Education and their Cost-Effective Use

2310-3175 (online)
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Less developed countries can find it difficult to fund their education systems as available resources are scarce and education is expensive. These cross-country studies analyse ways in which extra resources could be raised for education, and existing resources could be used more effectively.


Lending for Learning

Designing a Student Loan Programme for Developing Countries You do not have access to this content

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Maureen Woodhall
01 Jan 1987
9781848594210 (PDF)

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Student loan programmes now operate in over 30 countries, both less developed and more developed. Students borrow from government agencies or commercial banks to finance their higher education. Several developing countries are now considering introduction of student loans as a way to reduce the heavy burden of higher education on public budgets.

This book draws from experience in both developed and developing countries in order to help policymakers design a student loan programme for a developing country. It examines 10 crucial policy questions, which include:

• Who should be eligible for student loans?

• What should be the repayment terms?

• How should loan repayments be collected?

No single ‘ideal model’ is put forward, because the choice between alternative types of student loan must depend on conditions in the country. However, the book contains much practical advice, and shows how a computer model can be designed to help policymakers compare alternative loan programmes.
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  • Foreword

    The shortage of resources for educational development is a recurring theme in the history of public education systems. Some countries have enjoyed brief periods of their history when they have been relatively free from such pressures. However, such respites have generally been short-lived, and the majority of countries have had to live with financial constraints preventing them from expanding educational services as rapidly and as extensively as they would wish.

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  • Expand / Collapse Hide / Show all Abstracts Introduction

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    • The Case for Introducing Student Loans

      Throughout the world, education systems are facing increasing financial constraints. Some governments are opting to reduce public expenditure as a vital element in their long-term economic strategies. Others are being forced to reduce spending by medium or short term factors, particularly the world recession and the collapse of the price of oil and other primary products, which has caused a sharp fall in revenue in many countries.

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  • Expand / Collapse Hide / Show all Abstracts Policy Choices

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    • Policy Decisions in Designing a Student Loan Programme

      A policy maker who favours the idea of student loans, but is still at the stage of designing a loan programme, faces a number of policy decisions.

    • Designing a Computer Model of a Student Loan Programme

      The design of a student loan programme needs to take account of a wide range of variables. The capital required to establish a loan fund and the annual operating costs will depend on the choices made between the alternatives outlined in the previous chapter. These choices also determine the attractiveness of the loan programme to students themselves, and therefore the number of students who will be willing to borrow, which in turn determines the costs to the government of providing guarantees or interest subsidies for student loans.

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