TY - BOOK ID - 134298608 TI - Accessibility and Affordability of Tertiary Education in Brazil, Colombia, Mexico and Peru Within A Global Context AU - Murakami, Yuki AU - Blom, Andreas PY - 2008 PB - Washington, D.C., The World Bank, DB - UniCat KW - Access and Equity in Basic Education KW - Access to Finance KW - Access to tertiary education KW - Education KW - Education Sector KW - Effective Schools and Teachers KW - Finance and Financial Sector Development KW - Gender equity KW - Human Development KW - Investments in education KW - Papers KW - Primary Education KW - Student assistance KW - Student Loan KW - Tertiary Education KW - Workers UR - https://www.unicat.be/uniCat?func=search&query=sysid:134298608 AB - This paper examines the financing of tertiary education in Brazil, Colombia, Mexico and Peru, comparing the affordability and accessibility of tertiary education with that in high-income countries. To measure affordability, the authors estimate education costs, living costs, grants, and loans. Further, they compute the participation rate, attainment rate, and socio-economic equity index in education and the gender equity index as indicators of accessibility. This is the first study attempting to estimate affordability of tertiary education in Latin America within a global context. The analysis combines information from household surveys, expenditure surveys, and administrative and institutional databases. The findings show that families in Latin America have to pay 60 percent of per-capita income for tertiary education per student per year compared with 19 percent in high-income countries. Living costs are significant, at 29 percent of gross domestic product per capita in Latin America (19 percent in high-income countries). Student assistance through grants and loans plays a marginal role in improving affordability. Moreover, the paper confirms previous findings of low access to tertiary education in the region. One policy implication of the findings is that Latin American governments could take steps to make tertiary education more affordable through student assistance. ER -