01681nas a2200157   4500008004100000020001400041245010200055210006900157260019500226300001400421490000700435520091100442100001701353700001901370856013401389       2013                        eng d  a1360-080X00aStudent Loan Reform, Interest Subsidies and Costly Technicalities: Lessons from the UK Experience0 aStudent Loan Reform Interest Subsidies and Costly Technicalities  bRoutledge. Available from: Taylor & Francis, Ltd. 325 Chestnut Street Suite 800, Philadelphia, PA 19106. Tel: 800-354-1420; Fax: 215-625-2940; Web site: http://www.tandf.co.uk/journalsc2013  a167 - 1780 v353 a<p>In this paper, we consider lessons for other countries about the design of student loans with income-contingent repayments (i.e. repayments calculated as "x" per cent of each borrower's subsequent income). Using a dataset of 20,000 simulated lifetime graduate earnings paths, we estimate the cost and distributional effects of reforms in England in 2012. Introducing a real interest rate produces significant savings, mostly from graduates in the middle and upper earnings deciles. But those gains are offset by an increase in the income threshold at which loan repayments start. We conclude with discussion of policy changes to offset the increased cost of student loans (roughly 4,400 British pounds per graduate) within the current austerity climate, namely significant reductions in the higher education block teaching grant and a cap on the number of students. (Contains 1 table and 5 figures.)</p>1 aJohnston, AL1 aBarr, Nicholas  uhttps://liberalarts.oregonstate.edu/biblio/student-loan-reform-interest-subsidies-and-costly-technicalities-lessons-uk-experience