Category: Worldwide PSE

Relative Effort

People often want to compare jurisdictional efforts with respect to postsecondary education investments.   These are typically exercises in choosing denominators: the numerator (total spending) is constant, it’s just a question of how to normalize raw expenditures.  In Canada, we tend to normalize expenditures in one of two ways: either in per student terms, or in terms of gross domestic product.  Figures 1 and 2 show these two measures across Canada.  In short, Newfoundland and Labrador and Saskatchewan look the best

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Cross-National Student Loan Repayment Comparisons

As I mentioned yesterday,  there was a big change in US student loan policy last week, namely with respect to income-based repayment.  As I see it, the new rules make it one of the least onerous places in the world in which to repay student loans, by some standards.  But before I substantiate this claim, I need to discuss how student loan repayments work around the world. Trying to compare loan burdens across national borders can be tricky because the

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US Debt Cancellation – What Just Happened?

So, the big news last week in world higher education was the Biden administration finally cancelling some student debt and – in theory, who knows? – resuming student loan repayments in December of this year (they were suspended in the Spring of 2020 in the chaos of early COVID.) Let’s break down Wednesday’s announcement. The government forgave the following debt: Up to $20,000 of Department of Education debt for borrowers who apply and meet the following three criteria: have outstanding

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The Mid-2022 Reading Review

I know every single one of you blog readers brings higher ed literature to the beach, and so – since we are approaching the end of the blog season – it’s time for a reading round-up to help you fill out your summer reading list. I’ve been reading fewer institutional histories than usual.  There was The University of New Zealand by Hugh Parton, a history of higher education in New Zealand up to about 1960, when the country had four campuses but

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America’s Student Debt Cancellation Morass

It has now been something on the order of 26 months since anyone in the United States has been required to make payments their student loans.  As in Canada, these payments were suspended at the outset of the pandemic.  But whereas in Canada repayments re-started after about six months (Oct 1, 2020), in the United States they have yet to do so.  Understanding why gets us all a little closer to understanding the disfunction that is the American Higher Education

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