In view of increasing levels of financial austerity, cost sharing and student loan systems have come widespread. The author describes various forms of students loans (fixed - schedule, income contingent, a hybrid of these, as well as graduate taxes). The seven general elements that are essential to student loan systems are introduced and various countries' implementations of these are described. The article also outlines the advantages of income contigent loans and the requirements for such loans to operate successfully. Examples of students loan programmes as practiced in Australia, China, Germany, Japan, Kenya, The Netherlands, Russia, South Africa, Sweden, Thailand, United Kingdom and the United States are included.
|Chapter Title:||Higher educational accessibility and financial viability: the role of student loans|
|Document Type:||Chapter in Book (Peer Reviewed)|
|Subject Area:||Finance and Physical Resources|
|Keywords:||Financing of Higher Education, Cost Sharing, Student Loans, Student Loan Schemes, International Trends|
|Relationship:||World Report on Higher Education 2006: The Financing of Universities|
|Additional information:||World Report on Higher Education: The Financing of Universities|
|Date Added:||12 December 2006|