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สถาบันวิจัยเศรษฐกิจป๋วย อึ๊งภากรณ์
Puey Ungphakorn
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Call for Papers: PIER Research Workshop 2025
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20 December 2024 (Updated 9 January 2025)
202417346528000001736380800000
No. 226

Paying Tuition under Few Credit Constraints: Debt, Field of Study, and Drop Out

Abstract

This study examines the effects of increased tuition fees in a context with minimal credit constraints—namely, the United Kingdom. It focuses on the effects on students’ financing choices, field of study selection, and dropout rates. Exploiting the UK’s institutional setting, a tuition fee reform that tripled tuition fees, and administrative datasets, I find that higher fees significantly increase the use of government loans but have minimal impact on field of study selection or dropout rates. Suggestive evidence indicates that enrollment is also unaffected. These findings suggest that addressing credit constraints could enable higher tuition fees without significantly harming students.

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JEL: I21I22I28
Tags: tuition feecredit constraintstudent loanfield of studydrop out
The views expressed in this workshop do not necessarily reflect the views of the Puey Ungphakorn Institute for Economic Research or the Bank of Thailand.
Don Tawanpitak
Don Tawanpitak
Puey Ungphakorn Institute for Economic Research

Puey Ungphakorn Institute for Economic Research

273 Samsen Rd, Phra Nakhon, Bangkok 10200

Phone: 0-2283-6066

Email: pier@bot.or.th

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