Abstract
Since the Australian government introduced the Higher Education Contribution scheme (HECS) in 1989, a number of countries have adopted income contingent loans (ICL) as a method of financing higher education. The advantages of income contingent loans have been thrown into sharper relief by the crisis surrounding student loan debt in the United States, where financing is provided through traditional mortgage-type loans.
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References
Denniss, R. (2003) ‘Funding Sport Fairly, an Income Contingent Loans Scheme for Elite Sports Training’, Australia Institute, Online at http://www.tai.org.au/node/1179.
Higgins, T. and G. Withers (2009) ‘Community Attitudes to Income Contingent Loans’, Australian Journal of Labour Economics, Vol. 12, No. 2, pp. 217–236.
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© 2014 International Economics Association
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Quiggin, J. (2014). Why Don’t We See More Use of Income Contingent Loans?. In: Chapman, B., Higgins, T., Stiglitz, J.E. (eds) Income Contingent Loans. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137413208_21
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DOI: https://doi.org/10.1057/9781137413208_21
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-137-41319-2
Online ISBN: 978-1-137-41320-8
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