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The Dangers Of Mexico´S Student Loan Program, Marion W. Lloyd
The Dangers Of Mexico´S Student Loan Program, Marion W. Lloyd
Marion Lloyd
In unveiling Mexico´s first nationwide, federal student loan program in January 2012, President Felipe Calderón cited the “success” of similar programs in the United States, Chile, Colombia and Great Britain in democratizing access to higher education and boosting enrollment. However, the president did not mention that those programs have led to staggering levels of student debt in all those countries and fueled recent mass protests against the student loan model. Calderón also failed to mention that the terms of the Mexican program are among the most onerous in the world, including 10%-plus interest rates and short-term payment periods.
¿Créditos Educativos En México? ¡No! 1, Marion Lloyd
¿Créditos Educativos En México? ¡No! 1, Marion Lloyd
Marion Lloyd
Mexico´s first federal student loan program, unveiled amid much fanfare in January 2012, has sparked major criticism for a host of reasons, including: its onerous terms (including 10%-plus interest rates), its violation of the constitutional ban on public funding for religious instruction; its failure to acknowledge the deleterious effects in terms of skyrocketing student loans resulting from similar programs in countries around the world, among other issues. This article reproduces a series of presentations by higher education researchers at UNAM and other universities in Mexico, which argue the dangers of the student loan model in its current form.
A Spanish Bank Becomes A Billion-Dollar Benefactor For Latin American Campuses, Marion Lloyd
A Spanish Bank Becomes A Billion-Dollar Benefactor For Latin American Campuses, Marion Lloyd
Marion Lloyd
Over the past 15 years, the Spanish bank Santander has spent more than $1 billion financing scholarships, research exchanges, and other programs at universities throughout Spain, Latin America, and a dozen other countries. That investment - by far the largest by a private foundation in higher education - is not totally disinterested, critics say, as the bank seeks to reach new customers among the upwardly mobile higher education community. Still, in the absence of a region-wide system, such as Europe´s Bologna Process, Santander is playing a major role in Latin America as a promoter of internationalization.