Article ID Journal Published Year Pages File Type
5084008 International Review of Economics & Finance 2010 8 Pages PDF
Abstract
This paper examines the scholarship payback policy embedded in a study abroad program. A full payback policy requires a student to return the whole amount of the scholarship should he fail to achieve a target post-program performance, whereas a partial payback policy requires a payback amount in proportion to the extent of the under-performance. It is found that, the university should adopt a fixed amount scholarship to maximize the average post-program ability. There is also an optimal partial payback policy.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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