Nemo_bis 🌈<p><a href="https://mamot.fr/tags/StudentLoans" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StudentLoans</span></a> are an accounting fiction. In many countries the hidden grant value is more than 50 %. When considering administrative costs, the repayment ratio can even go negative.<br><a href="https://www.econstor.eu/bitstream/10419/35266/1/572444362.pdf" rel="nofollow noopener" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">econstor.eu/bitstream/10419/35</span><span class="invisible">266/1/572444362.pdf</span></a></p><p>1 $ of grant can also do 1.80 $ of work when replacing a loan.<br><a href="https://www.nber.org/system/files/working_papers/w20850/w20850.pdf" rel="nofollow noopener" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">nber.org/system/files/working_</span><span class="invisible">papers/w20850/w20850.pdf</span></a></p><p>Replacing loans with grants can therefore often reduce the direct costs for the Treasury. (Without even considering the social and fiscal returns.)</p><p><a href="https://mamot.fr/tags/university" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>university</span></a> <a href="https://mamot.fr/tags/RightToEducation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>RightToEducation</span></a></p>