Risk-sharing and student loan policy: consequences for students and institutions

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Permanent URL for this page: http://hdl.voced.edu.au/10707/427228.

Author: Webber, Douglas A.

Abstract:

This paper examines the potential costs and benefits associated with a risk-sharing policy imposed on all higher education institutions. Under such a program, institutions would be required to pay for a portion of the student loans among which their students defaulted. [The author examines] the predicted institutional responses under a variety of possible penalties and institutional characteristics using a straightforward model of institutional behavior based on monopolistic competition. [The author also examines] the impact of a risk-sharing program on overall economic efficiency by...  [+] Show more

Subjects: Finance; Higher education; Policy; Students; Providers of education and training

Keywords: Fees; Funding; Institutional role

Published: Oxford, England: Elsevier, 2017

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Journal volume: 57

Journal date: April 2017

Pages: pp. 1-9

ISSN: 0272-7757

Resource type: Article

Peer reviewed: Yes

Call number: TD/TNC 128.246

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