
Contents
-
-
-
-
-
-
-
-
-
-
The current state of play: the 2006 reforms in England The current state of play: the 2006 reforms in England
-
Element 1: deferred variable fees Element 1: deferred variable fees
-
Element 2: a well-designed loan scheme Element 2: a well-designed loan scheme
-
Element 3: action to promote access Element 3: action to promote access
-
-
The history of ideas The history of ideas
-
Student loans: what is the problem? Student loans: what is the problem?
-
Friedman and the benefit principle Friedman and the benefit principle
-
Glennerster and the ability-to-pay principle Glennerster and the ability-to-pay principle
-
-
Designing policy: analytical principles Designing policy: analytical principles
-
Why mass higher education? Why mass higher education?
-
Why fees? Why fees?
-
Why variable fees? Why variable fees?
-
Are price signals useful? Are price signals useful?
-
Variable fees: more efficient Variable fees: more efficient
-
Variable fees: fairer Variable fees: fairer
-
-
Why loans? Why loans?
-
Why income-contingent repayments? Why income-contingent repayments?
-
The structure of repayments The structure of repayments
-
What interest rate? What interest rate?
-
-
-
Implementing policy Implementing policy
-
Income-contingent loan or graduate tax? Income-contingent loan or graduate tax?
-
Arguments for the graduate tax approach Arguments for the graduate tax approach
-
Arguments for the income-contingent loan approach Arguments for the income-contingent loan approach
-
The general case The general case
-
-
Conclusion: a view ahead Conclusion: a view ahead
-
Notes Notes
-
References References
-
-
-
-
-
-
-
-
-
six Financing higher education: tax, graduate tax or loans?
Get access-
Published:October 2007
Cite
Abstract
This chapter discusses the controversial reforms in higher education finance in England in 2006, arguing that — contrary to popular belief — they are strongly progressive. The opening discussion sets out the 2006 system. The following two sections explore the historical confluence of ideas between Friedman's work and that of Glennerster and colleagues, and then the analytical principles that should underpin policy. The most elegant policy, however, will fail unless properly implemented (the easy part is to disburse the money; collecting loan repayments is harder); the next section briefly discusses this aspect of making social policy work. A further section considers the choice between a graduate tax (where a person's repayments continue permanently or until some date such as retirement) and a loan with income-contingent repayments (where a person's repayments are a fraction of earnings, but, in contrast with a graduate tax, stop once the borrower has repaid what he or she has borrowed, plus interest), and concludes that the general case that brings the two together is social insurance. The final section considers the unfinished agenda.
Sign in
Personal account
- Sign in with email/username & password
- Get email alerts
- Save searches
- Purchase content
- Activate your purchase/trial code
- Add your ORCID iD
Purchase
Our books are available by subscription or purchase to libraries and institutions.
Purchasing informationMonth: | Total Views: |
---|---|
October 2022 | 1 |
November 2022 | 1 |
December 2022 | 4 |
January 2023 | 6 |
September 2023 | 2 |
October 2023 | 4 |
November 2023 | 6 |
January 2024 | 5 |
February 2024 | 2 |
October 2024 | 2 |
November 2024 | 115 |
December 2024 | 9 |
January 2025 | 45 |
February 2025 | 2 |
April 2025 | 2 |
Get help with access
Institutional access
Access to content on Oxford Academic is often provided through institutional subscriptions and purchases. If you are a member of an institution with an active account, you may be able to access content in one of the following ways:
IP based access
Typically, access is provided across an institutional network to a range of IP addresses. This authentication occurs automatically, and it is not possible to sign out of an IP authenticated account.
Sign in through your institution
Choose this option to get remote access when outside your institution. Shibboleth/Open Athens technology is used to provide single sign-on between your institution’s website and Oxford Academic.
If your institution is not listed or you cannot sign in to your institution’s website, please contact your librarian or administrator.
Sign in with a library card
Enter your library card number to sign in. If you cannot sign in, please contact your librarian.
Society Members
Society member access to a journal is achieved in one of the following ways:
Sign in through society site
Many societies offer single sign-on between the society website and Oxford Academic. If you see ‘Sign in through society site’ in the sign in pane within a journal:
If you do not have a society account or have forgotten your username or password, please contact your society.
Sign in using a personal account
Some societies use Oxford Academic personal accounts to provide access to their members. See below.
Personal account
A personal account can be used to get email alerts, save searches, purchase content, and activate subscriptions.
Some societies use Oxford Academic personal accounts to provide access to their members.
Viewing your signed in accounts
Click the account icon in the top right to:
Signed in but can't access content
Oxford Academic is home to a wide variety of products. The institutional subscription may not cover the content that you are trying to access. If you believe you should have access to that content, please contact your librarian.
Institutional account management
For librarians and administrators, your personal account also provides access to institutional account management. Here you will find options to view and activate subscriptions, manage institutional settings and access options, access usage statistics, and more.