Issue

Vol. 2 No. 2 (2004): Journal of Higher Education in Africa

2 - Student Loans: Potential, Problems, and Lessons from International Experience

Maureen Woodhall
https://doi.org/10.57054/jhea.v2i2.1674
Maureen Woodhall

Journal of Higher Education in Africa, Vol. 2 No. 2 (2004): Journal of Higher Education in Africa

Abstract

This article, prepared for a conference on Financing Higher Education: Diversify- ing Revenue and Expanding Accessibility held in Dar-es-Salaam in March 2001, draws on a wide range of experience throughout the developing world to inform policies attempting to create student loans programs in Africa. It outlines problems common to student loan programs (most of which, in Africa, have not been suc- cessful), ranging from inadequate capital to excessive subsidization to the inability to surmount political opposition to loans. There are several key policy decisions, answers to which will largely determine the possible recovery rate but which will also determine the accessibility of the program to students and may also affect the likely political receptivity to the idea of loans. The article concludes that loan pro- grams can be designed to be more effective and efficient and thus to contribute revenue diversification in Africa.


 

Keywords

Experience excessive subsidization Scandinavia substantial
Maureen Woodhall. (2004). 2 - Student Loans: Potential, Problems, and Lessons from International Experience: Maureen Woodhall. Journal of Higher Education in Africa, 2(2). https://doi.org/10.57054/jhea.v2i2.1674
Download Citation
Endnote/Zotero/Mendeley (RIS)
BibTeX
References
  1. Albrecht, D., & Ziderman, A. (1992). Student loans and their alternatives: Improving the performance of deferred payment programs. Higher Education, 23(4), 357-374.
  2. Barr, N. (2001). The welfare state as piggy bank: Information, risk, uncertainty and the role of the state. Oxford, UK: Oxford University Press.
  3. Chapman, B. (1999). Reform of Ethiopian higher education financing: conceptual and policy issues. Mimeo. World Bank. Retrieved in 2001 from http://www.worldbank.orp-/education/economicsed/researcIVeconseries/Chapman.htm.
  4. Jackson, R. (2002). The national student financial aid scheme of South Africa: How and why it works. Welsh Journal of Education, 11(1), 82-94.
  5. Chapman, B., & Ryan, C. (2002). Income-contingent financing of student charges for higher education: Assessing the Australian innovation. Welsh Journal of Education, 11(1), 64-81.
  6. Chuta, E. J. (1992). Student loans in Nigeria. Higher Education, 23(4), 443-49.
  7. Johnstone, D. B. (1986). Sharing the costs of higher education: Student financial assistance in the United Kingdom, the Federal Republic of Germany, France, Sweden, and the United States. New York: College Board.
  8. Johnstone, D. B., & Tekleselassie, A. A. (2001). The applicability for developing countries of income-contingent loans or graduate taxes, with special consideration of an Australian HECS-type income-contingent loan program for Ethiopia. Mimeo. Retrieved in 2001 from http://www.gse.buffalo.edu/org/IntHigherEdFinance.
  9. Kajubi, W. S. (1992). Financing of higher education in Uganda. Higher Education, 23(4), 433-441.
  10. Mokgwathi, G. M. G. (1992). Financing higher education in Botswana. Higher Education, 23(4), 425-431.
  11. Kotey, N. (1992). Student loans in Ghana. Higher Education, 23(4), 451-459.
  12. Teferra, D., & Altbach, P. (2003). African higher education: An international reference handbook. Bloomington: Indiana University Press.
  13. Williams, P. (1974). Lending for learning. Minerva, 12, 326-345.
  14. Woodhall, M. (1970). Student loans: A review of experience in Scandinavia and elsewhere. London: George Harrap.
  15. Woodhall, M. (1983). Student loans as a means of financing higher education: Lessons from international experience. World Bank Staff, Working Paper No. 599. Washington, DC: World Bank.
  16. Woodhall, M. (1987). Lending for learning: Designing a student loan programme for developing countries. London: Commonwealth Secretariat.
  17. Woodhall, M. (Ed.). (1989). Financial support for students: Grants, loans, or graduate tax? London: Kogan Page, in association with the Institute of Education, University of London.
  18. Woodhall, M. (1991). Student loans in higher education [in] English-speaking Africa. Paris: International Institute for Educational Planning.
  19. Woodhall, M. (1992). Student loans in developing countries: Feasibility, experience, and prospects for reform. Higher Education, 23(4), 347-356.
  20. Woodhall, M. (1994). Higher education: The lessons of experience. Washington DC: World Bank.
  21. Woodhall, M. (2002, July). (Guest editor of special issue). Paying for learning: The debate on student fees, grants and loans in international perspective. Welsh Journal of Education, 11(1).
  22. World Bank. (1986). Financing education in developing countries: An exploration of policy options. Washington DC: World Bank.
  23. World Bank. (1994). Higher Education: The lessons of experience. Washington, DC: World Bank.
  24. Ziderman, A., & Albrecht, D. (1995). Financing universities in developing countries. London: Falmer Press.
Read More

Author Biography

Maureen Woodhall

Maureen Woodhall is an Honorary Fellow in the Education Department of the University of Wales, Aberystwyth, from which she retired as Senior Research Fellow in 2001. She is also Emeritus Reader in Education Finance at the University of London Institute of Education and Visiting Fel- low, School of Education, University of Sussex. Address queries to her at: e-mail: maureen@woodhall.me.uk

Download
PDF
Statistic
Read Counter : 497 Download : 113