This book investigates the role and impact of student loans as a primary mechanism for financing higher education. Maureen Woodhall, a recognized expert in the economics of education, examines the historical development and current state of student loan programs. The book analyzes various financing models, their effectiveness in promoting access to education, and their economic consequences for individuals and society, drawing on international case studies and economic theory.

This work is recognized as a foundational text in the field of higher education finance, offering a comprehensive and analytical approach to student loan programs. Woodhall's research provides a critical examination of the economic principles and practical implications of using loans to fund university studies. The book is valued for its detailed comparative analysis and its contribution to understanding the complex relationship between finance, access, and outcomes in higher education.