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ERIC Number: EJ884983
Record Type: Journal
Publication Date: 2010-Jun
Pages: 15
Abstractor: As Provided
Reference Count: 18
ISSN: ISSN-0964-5292
Optimal Design for Study-Abroad Scholarship: The Effect of Payback Policy
Lien, Donald; Wang, Yaqin
Education Economics, v18 n2 p191-205 Jun 2010
This paper examines the optimal design for a study-abroad scholarship. A student is awarded a fixed-amount scholarship to participate in the program but will have to pay back the scholarship if his/her performance fails to meet a target level. When the program is highly productive, the scholarship is low and the target performance is high. The opposite case prevails if the disutility from studying is high. A higher program cost leads to a higher target performance and a cost sharing between the university and the students. When the uncertainty regarding performance evaluation in the program increases, the target performance decreases while the scholarship amount is higher. (Contains 9 notes and 3 tables.)
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Publication Type: Journal Articles; Reports - Evaluative
Education Level: Higher Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A