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<p><p><p>This paper undertakes a quantitative analysis of substantial reforms to the system of higher education (HE) finance in England, first announced in 2004 and revised in 2007. The reforms introduced deferred fees for HE, payable by graduates through the tax system via income-contingent repayments on loans subsidised by the government. The paper uses lifetime earnings simulated by the authors to consider the likely distributional consequences of the reforms for graduates. It also considers the costs of the reforms for taxpayers, and how the reforms are likely to shift the balance of funding for HE between the public and private sectors.</p></p></p>
Authors
Lorraine Dearden
Research Fellow University College London
Emla Fitzsimons is a Professor of Economics at the University College London Institute of Education and a Research Fellow at the IFS.
Research Fellow University College London
Alissa is an IFS Research Fellow and a Professor of Economics and Director of the Centre for Longitudinal Studies at the UCL Institute of Education.
Research Fellow University of Chicago
Greg is a Professor at the University of Chicago in the Kenneth C. Griffin Department of Economics and a Research Fellow at the IFS.
Working Paper details
- DOI
- 10.1920/wp.ifs.2007.0718
- Publisher
- IFS
Suggested citation
Dearden, L et al. (2007). Higher education funding reforms in England: the distributional effects and the shifting balance of costs. London: IFS. Available at: https://ifs.org.uk/publications/higher-education-funding-reforms-england-distributional-effects-and-shifting-balance (accessed: 28 March 2024).
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