智利高等教育的新型助学贷款制度[文献翻译]精选.docVIP

外文题目：The new student loan system in Chile’s higher education 出 处：Higher Education 作 者：Christian Larraln , Salvador Zurita 原 文： The new student loan system in Chile’s higher education Abstract Chile’s higher education system stands out as being one of the most privatized and open to the market in the world. Recently, the Chilean Congress passed Law # 20.027 of 2005, which provides the legal framework for the creation of a student loan system guaranteed both by the State and by higher education institutions (HEIs), ?nanced by the private capital market through the securitization of the loans. The system operated for the ?rst time in 2006, where approximately 21,000 students were able to access ?nancing of their higher education for the remainder of their careers. It is expected that as the system matures, more and better information will be available, which will bene?t the students and the HEIs; and it is highly likely that the current number of ?nanced students could grow signi?cantly in the next few years. The purpose of this article is to describe the outstanding characteristics of this system, explain its conceptual basis and analyze the public policy choices available in its design. Keywords：Securitization, Higher education loans, State guarantees, Financial design There is consensus among analysts that education has similar dynamics in most countries, with the possible exception of those with the lowest income. Among seven international tendencies identi?ed by Brunner et al. (2005), there is massi?cation of educational systems due to ever increasing access opportunities, diversi?cation and rationalization of sources for ?nancing higher education in response to the growing costs brought about by massi?cation, and displacement of the center of gravity of higher education from the sphere of the State and corporation to the