ERIC Number: ED451372
Record Type: Non-Journal
Publication Date: 2001
Reference Count: N/A
Lifelong Learning: Is There a Logic for Loans? The Agency Reports.
This document explores the feasibility of loans to support English adults engaging in lifelong learning. The following topics are considered: (1) the policy context (loans in higher education, individual learning accounts, and education maintenance allowances); (2) the need for financial support; (3) attitudes toward loans; (3) financial advice, financial literacy, and knowledge about the impact of debt; (4) the returns on investment in academic and vocational learning; and (5) the costs of participation. The following conclusions are reached: (1) it seems unlikely that loans will have any role in supporting students under the age of 19; (2) it is doubtful whether loans should play a significant role in supporting learners to access programs below level 3; (3) for programs at level 3 or above, the evidence about returns on investment suggests that borrowing to finance learning could be to an individual's benefit; (4) current fees in public sector part-time courses are well below the rate at which potential students seem to look to formal loan arrangements; and (5) loans would be most likely to contribute to lifelong learning in circumstances where a combination of fees and other participation costs is substantial and the program offers the prospect of high returns to students. (MN)
Descriptors: Academic Education, Colleges, Cost Effectiveness, Debt (Financial), Education Work Relationship, Educational Benefits, Educational Finance, Educational Policy, Feasibility Studies, Financial Needs, Financial Support, Foreign Countries, Income Contingent Loans, Instructional Student Costs, Lifelong Learning, Money Management, Noninstructional Student Costs, Outcomes of Education, Paying for College, Policy Formation, Postsecondary Education, Public Policy, Student Attitudes, Student Financial Aid, Student Loan Programs, Universities, Vocational Education
Learning and Skills Development Agency, 3 Citadel Place, Tinworth Street, London SE11 5EF, England, United Kingdom Tel: 020 7840 5443; Fax: 020 7840 5401; Web site: http://www.LSagency.org.uk.
Publication Type: Opinion Papers
Education Level: N/A
Authoring Institution: Learning and Skills Development Agency, London (England).
Identifiers - Location: United Kingdom (England)