This paper examines the participation effects of the implementation of the subsidized loan system by the Dutch government. Our survey among 144 secondary school students reveals that parental education is strongly associated with maximum willingness to pay for higher education. This paper shows that between 0,7 percent and 3,6 percent of the secondary school students will not follow higher education due to increased costs caused by the subsidized loan system.

Ravesteijn, B.
hdl.handle.net/2105/14638
Business Economics
Erasmus School of Economics

Prins, J.T. (2013, September 25). The investment in your future: An ex ante evaluation of the replacement of student
grants by students loans in the Netherland. Business Economics. Retrieved from http://hdl.handle.net/2105/14638