Financing Tertiary Education

Given the need to expand universities in Asia and therefore the critical role of financing, the author seeks to answer questions such as the case for university tuition charges and why student loans are necessary. He also differentiates between time-based repayment loans and income-contingent loans.

Bruce Chapman

Professor Bruce Chapman is an economist and has worked at The Australian National University since 1984. He has extensive experience in public policy, including the motivation and design of the Higher Education Contribution Scheme (the first national income-contingent loan scheme using the income tax system for collection) in 1989; engagement with the empirical and conceptual basis related to long-term unemployment leading to the Working Nation program in 1994.