The Economic Inefficiency of Student Fees and Loans

Albertson, KV (2017) The Economic Inefficiency of Student Fees and Loans. UNSPECIFIED. Intergenerational Foundation.

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Abstract

This report by Dr Kevin Albertson, Professor of Economics at Manchester Metropolitan University Business School, argues that the public benefits of a young person getting a higher education qualification more than outweigh the costs according to the government’s own figures. By comparing the costs and benefits of higher education, Albertson concludes that the nation should bear 58% of the cost and the individual 48% of the cost. This neatly translates to the state paying for tuition fees and the individual paying for their living costs.