Abstract
The Yale Tuition Postponement Plan (TPO), an income-contingent loan scheme, is discussed and analysed with particular reference to the interest rate crisis and default rates. It is concluded that the high default rate is the most dangerous weakness of contingency loans; nevertheless, the Plan has survived and is still the only scheme of its kind likely to exist in the near future.
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References
Hartman, Robert W. (1972). “Equity implications of state tuition policy and student loans,” Journal of Political Economy (June) 167.
Storrs, David (1974). “Participation in the Tuition Postponement Option” (Research financed by the U.S. Department of Health, Education and Welfare). Yale University, New Haven, Connecticut.
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This article is drawn from my larger work, Student Loans: A Reappraisal, Ontario Economic Council (Toronto) Working Paper Series, 1976.
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West, E.G. The Yale Tuition Postponement Plan in the mid-seventies. High Educ 5, 169–175 (1976). https://doi.org/10.1007/BF00158487
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DOI: https://doi.org/10.1007/BF00158487