Antonio Cabrales, Maia Güell, Rocío Madera, Analía Viola, 24 July 2018

In most of Europe, the state pays for a university education, meaning that university finances are both regressive and cyclical. This column asks how the alternative system of income-contingent university loans would fare in Spain. The analysis suggests that the policy is feasible even in a country with a relatively poorly functioning labour market for young graduates.

Gill Wyness, Richard Murphy, Judith Scott-Clayton, 21 October 2017

The question of who should pay for higher education continues to be hotly debated across the world. This column uses the case of the English higher education system to examine whether it is possible to charge relatively high tuition fees and at the same time protect enrolments, access, and university quality. The analysis shows that since the move from a free higher education system to a high-fee, high-aid system, university enrolment has increased substantially, with students from the poorest backgrounds experiencing the fastest increases in participation. Moreover, university funding per head has recovered dramatically since the introduction of fees.

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