Hanushek, Eric A.; Leung, Charles Ka Yui; Yilmaz, Kuzey - In: Journal of Human Capital 8 (2014) 1, pp. 1-1
This paper provides a consistent comparison of general tuition subsidies, need-based student aid, merit-based student aid, and income-contingent loans (ICL). Each of these policies is analyzed through a dynamic general equilibrium model in which individuals differ in family wealth and...