Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/274619 
Erscheinungsjahr: 
2022
Quellenangabe: 
[Journal:] IZA World of Labor [ISSN:] 2054-9571 [Article No.:] 227v2 [Year:] 2022
Verlag: 
Institute of Labor Economics (IZA), Bonn
Zusammenfassung: 
Around ten countries currently use a variant of a national income-contingent loans (ICL) scheme for higher education tuition. Increased international interest in ICL validates an examination of its costs and benefits relative to the traditional financing system, time-based repayment loans (TBRLs). TBRLs exhibit poor economic characteristics for borrowers: namely high repayment burdens (loan repayments as a proportion of income) for the disadvantaged and default. The latter both damages credit reputations and can be associated with high taxpayer subsidies through continuing unpaid debts. ICLs avoid these problems as repayment burdens are capped by design, eliminating default.
Schlagwörter: 
income-contingent loans
time-based repayment loans
consumption smoothing
default insurance
repayment burdens
JEL: 
I20
I21
I22
I23
I28
H42
Persistent Identifier der Erstveröffentlichung: 
Dokumentart: 
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