TVETipedia Glossary

Subsidized loans

Loan schemes allow individuals to borrow financial resources for education and training purposes, under favourable conditions, generally with public participation on part of the costs. Favourable conditions include lower interest rates, guarantees, income-contingent payments or even remission of loans.

Source:
ILO, Financing mechanisms for promoting social inclusion in skills and lifelong learning systems: Global overview of current practices and policy options, 2023
ILO, Financing mechanisms for promoting social inclusion in skills and lifelong learning systems: Global overview of current practices and policy options, 2023
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The report analyses pros and cons of practices around the world, shedding light on the policy options to improve access to and participation in skills development and lifelong learning of disadvantaged people.