The flow of developing country students to developed countries is examined from the perspective of the sending authorities in developing countries and the loss of foreign exchange to developing nations. The implications for expansion of higher education in developing nations are discussed. (MSE)

The arguments for and against student loans in Singapore are presented, with tables detailing trends in financing higher education. The paper concludes that such conditions as full employment, high private returns to higher education, and an efficient financial infrastructure suggest that student loans can be efficiently and equitably utilized in…