Articles on University Financing – now available
The newly available articles include:
- a short history of bond issues by English universities,
- how bond issuance is linked to higher tuition fees in California and more,
- a three-part series on loans.
The first article in the three-parter on loans has been superceded by False Accounting? which corrects some out-0f-date information I had been using about accounting for student loans.
“Shifting the Risk” includes an interview with Nick Barr about the viability of independent loans provided by private lenders. It outlines how a generalised loan regime achieves the “financialisation” of higher education.
“Into the Shadows” , the final installment of the loan trilogy, concentrates on attempts to sell or ‘monetise’ the loan portfolio. Again, Part 3 of False Accounting? covers the history of this policy approach in much more detail but there are some ideas floated in ‘Shadows’ about kinds of derivatives that might make sense in the HE context.