The current system for financing cross-border students, based on the host country, is neither sustainable nor efficient: it produces too little cross-border education. On that background we explore two alternative solutions. The first one substitutes to the financing by the host country, a financing by the country of origin, through vouchers that the student may use at home or abroad provided it is in a recognized institution. The second one, potentially an efficient design, combines that substitution with a reimbursement of education costs through interjurisdictional transfers or the change of vouchers into contingent loans. At the end we also explore the case of differentiated tuition fees, a solution however inconsistent with present rules of the European Union.
Affiliations
Louvain School of ManagementAccounting & Finance
FUCaMSciences de gestion
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Gérard, M. (2010). Le financement de la mobilité des étudiants « Bologne ». Revue économique / Ecole des hautes études en sciences sociales, 61(3), 577-588. https://hdl.handle.net/2078.5/251063 (Original work published 2010)