When students fund their education through loans, changes in student borrowing and tuition are interlinked. Higher tuition costs raise loan demand, but loan supply also affects equilibrium tuition costs - for example, by relaxing students' funding constraints. To resolve this simultaneity...

We study the link between the student credit expansion of the past fifteen years and the contemporaneous rise in college tuition. To disentangle simultaneity issues, we analyze the effects of increases in federal student loan caps using detailed student-level financial data. We find a...

When students fund their education through loans, changes in student borrowing and tuition are interlinked. Higher tuition costs raise loan demand, but loan supply also affects equilibrium tuition costs — for example, by relaxing students' funding constraints. To resolve this simultaneity...

In this paper the authors recall the history of Jubilee debt cancellations, emphasizing what their social purpose was at that time. They note that it would not be possible to copy that procedure exactly nowadays, primarily because most debt/credit relationships are intermediated via financial...

In this paper the authors recall the history of Jubilee debt cancellations, emphasizing what their social purpose was at that time. They note that it would not be possible to copy that procedure exactly nowadays, primarily because most debt/credit relationships are intermediated via financial...

The unprecedented challenges from COVID-19 present many institutions of higher education with liquidity, and even solvency, concerns. In this report, we provide guidance to institutions and policymakers about the short- and medium-term revenue losses that are likely to materialize as a result of...

The efficiency of schools diverges dramatically across countries in the OECD and can also vary markedly within countries. These differences in levels of efficiency can be traced to policy and institutional settings. As such, moving to best practice could boost educational attainment and reduce...

The objective of this paper is an efficiency analysis about Higher Education (HE) systems in European countries. We employ data extracted from the OECD datasets (Education at a Glance, several years), both (1) computing an "overall" Performance Indicator and (2) using a non-parametric technique...