Student Finance : Learning from Global Best Practice and Financial Innovations
Demand is also fueled by other factors: in many emerging economies a ‘demographic dividend’ of young people, the product of significant reductions in child and infant mortality rates—is poised to enter education and work. And, according to the 2014...
| Main Authors: | , , , |
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
International Finance Corporation, Washington, DC
2016
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2016/06/26445578/student-finance-learning-global-best-practice-financial-innovations http://hdl.handle.net/10986/24775 |
| Summary: | Demand is also fueled by other factors:
in many emerging economies a ‘demographic dividend’ of young
people, the product of significant reductions in child and
infant mortality rates—is poised to enter education and
work. And, according to the 2014 Millennium Development
Goals report, nearly 90 percent of children in developing
regions are on track to complete primary education. The
shift from agricultural to knowledge-based economies also
plays a significant role in creating demand for higher
learning. The purpose of the study was to identify key
success factors in private sector student lending in order
to support IFC in understanding, and potentially making
investments, in student lending across a range of emerging
markets. The study examined 70 student lending models
globally as well as a range of innovative financial models.
Detailed case studies were developed for eight compelling
and diverse private sector student lending models. The study
also highlighted a range of innovative financial models
including crowd funding, big box banking, social impact
bonds, and other mechanisms. The purpose of this
investigation of innovative financial models was to see what
leading-edge methods might be at work in other sectors and
to see if they might offer inspiration to student lending. |
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