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Feasibility of a Coordinated Financing Scheme for European Higher Education: A critical analysis of the feasibility of the two-part voucher system by Marcel Gérard

Foerster, Susanne (2010) Feasibility of a Coordinated Financing Scheme for European Higher Education: A critical analysis of the feasibility of the two-part voucher system by Marcel Gérard.

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Abstract:In this paper the feasibility of the two-part voucher system, designed by the Catholic University of Mons and College of Europe, Belgian Professor, Marcel Gérard1 in order to finance higher education student mobility, is evaluated. This qualitative research describes the two-part voucher system with its two elements, namely the tuition fee voucher and student support voucher (covering costs of living). Gérard‟s system is based on an income contingent loan mechanism aimed at eliminating negative externalities of student mobility like free-riding or decrease in quality, by switching from a host country based financing system to a scheme wherein the origin country of the student finances her studies. Through the analysis of organizational, financial, legal, operational and cultural criteria, this study sheds light into the problems and obstacles the two-part voucher system would face in case of implementation and how difficult it is for a single design combining student financing and mobility to satisfy EU ambitions and rules as well as national diversity and preferences. The limited feasibility of most analysed criteria of this study emphasizes the need for and the importance of more research and cooperation for a coordinated study financing system among the Bologna countries, enabling student mobility with the least financial restrictions possible in order to accomplish the ambitious student mobility goals set by the Bologna countries and the EU.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:88 social and public administration
Programme:European Studies BSc (56627)
Link to this item:http://purl.utwente.nl/essays/60293
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