The Perpetual Education Fund: Providing Higher Education Loans in the Voluntary Sector

Autor/in	Lough, Benjamin J.
Titel	The Perpetual Education Fund: Providing Higher Education Loans in the Voluntary Sector
Quelle	In: International Journal of Educational Development, 30 (2010) 4, S.345-350 (6 Seiten)Infoseite zur Zeitschrift PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0738-0593
DOI	10.1016/j.ijedudev.2009.11.001
Schlagwörter	Higher Education; Student Financial Aid; Nonprofit Organizations; Private Sector; Vocational Education; Educational Development; Educational Policy; Access to Education; Educational Finance; Economics; Student Loan Programs; Paying for College; Public Sector; Program Descriptions; Partnerships in Education; Voluntary Agencies + Suchen Sie Ihr Suchwort? Hochschulbildung; Hochschulsystem; Hochschulwesen; Finanzielle Beihilfe; Studienfinanzierung; Studienförderung; Nonprofit-Organisation; Privater Sektor; Ausbildung; Berufsbildung; Bildungsentwicklung; Politics of education; Bildungspolitik; Education; Access; Bildung; Zugang; Bildungszugang; Bildungsfonds; Volkswirtschaftslehre; Öffentlicher Sektor; Hochschulpartnerschaft
Abstract	Although many strategies are proposed to reduce the opportunity gap in higher education between and within countries, student loans with cost recovery measures are often preferred during times of fiscal constraint. This study briefly reviews the benefits and challenges of student loans over other forms of financial aid and presents the case for voluntary sector involvement in contexts where government and market failures constrain effective solutions. It describes an innovative program that has emerged to meet this challenge--the Perpetual Education Fund. This program utilizes public-private partnerships, a large financial corpus, pre-existing administrative structures, personal relationships, local vocational schooling, and intergroup solidarity to administer loans and recover costs. Because voluntary sector participation in loan financing and administration is relatively new, the experiences and innovative survival strategies of this program have valuable implications for other emerging programs. (As Provided).
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Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10