| Publisher | Cato Institute | ||
|---|---|---|---|
| Format | 58.8KB PDF | Date added | 16 Dec 2002 |
| Topics | Human Capital Management | ||
| Downloads | 74 | ||
This paper discusses the shortcomings of fixed-payment student loans and the reasons that "equity-like" instruments are better suited for students' needs. The paper describes human capital contracts, discusses their major advantages, and illustrates how they can develop. It also discusses the major challenges that must be overcome for human capital contracts to succeed. Finally, the paper describes some of the important issues associated with human capital contracts for policymakers and administrators of higher education.
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