Families who heed the 'experts'' advice and save for their children's college education typically receive less financial aid. The variation in the net price of college functions as a large tax on savings. College financial aid also functions as an income tax. This paper estimates the size and...

This paper examines the effect of existing college scholarship rules on the incentive to save. The analysis shows that families that are eligible for college scholarships face "education tax rates" on capital income of between 22 percent and 47 percent in addition to regular slate and federal...

A common approach to the management of endowment is to treat it as if it were the only asset of the university. This approach leads to prescriptions for optimal investment and expenditure policies that are essentially the same across universities. Indeed, the resulting optimal portfolio...

Projections of forthcoming shortages of Ph.D.s and thus new faculty for the academic sector, abound. Among the policies proposed to prevent such shortages is increased federal support for graduate students. Lost in the policy debate, however, has been concern for the possibility that increased...

One of the standing conundrums of educational policy in Africa in the last fifteen years has been how to provide good quality higher education to large numbers, equitably but without undue dependence on public resources. Now, from Makerere University in Uganda, comes an instructive demonstration...

Tertiary education in Chile has been transformed radically over the past 20 years. As recently as 1990, tertiary education was an elite system centered on a handful of traditional universities which served a small number of well-prepared students. Today the system is diverse and dynamic, with...

This benchmarking exercise provided some important lessons on the tool itself and its capacity to: 1) identify strengths and weaknesses at individual institutions; 2) identify trends at the national level; 3) identify trends and practices by type of institution; and 4) generate interest to...

This note presents a review of the system of funding higher education in Uganda and provides government and stakeholders with some options for meeting the twin goals of increasing participation and quality in higher education, especially in science-related disciplines. Part I provides an...

This study provides novel empirical insights into the attractiveness of European Universities for Marie Skłodowska-Curie Actions (MSCA) grant holders and investigates how efficient universities are in this respect relative their potential. To explore the attractiveness, factors explaining both...