The COVID-19 pandemic has caused both academic and financial hardship for students pursuing higher education in the Netherlands, including study delays and layoffs. Given that these types of...Show moreThe COVID-19 pandemic has caused both academic and financial hardship for students pursuing higher education in the Netherlands, including study delays and layoffs. Given that these types of incidents have a bearing on students' overall financial behaviour and that student loans are a common tool among students to finance their postsecondary education, one would expect these effects of the pandemic to have a direct impact on student borrowing behaviour. However, there is another variable to take into account, namely students' financial preferences, particularly with regard to having or taking on debt. Accordingly, this study reports on the degree of debt aversion and how it affects the borrowing behaviour of students in Dutch higher education during this crisis. This relationship is examined by means of three hypotheses and corresponding multiple regression analyses with moderation effects, using data obtained through the use of a survey and an additive index measuring the degree of debt aversion. This research has shown that the financial preference of debt aversion has a negative impact on the borrowing behaviour of students. In other words, the higher a student’s degree of debt aversion is, the lower their monthly amount of student loans will be. This relationship does not differ depending on whether or not a student has been directly affected by the pandemic and the effects thereof.Show less
This thesis deals with the current inequality levels present in Chile and how these are highly reflected in the education system. In-depth research has been conducted on how the implementation of...Show moreThis thesis deals with the current inequality levels present in Chile and how these are highly reflected in the education system. In-depth research has been conducted on how the implementation of the neoliberal economic model has created segregation in education. The higher level of education has been used as a case study in order to illustrate the levels of inequality and social discontent present in Chile. Finally, in order to gain better knowledge and overview of the reluctance towards this neoliberal system in education, two student revolutions (2006 and 2011) are taken into analysis. These manifestations have risen due to the unequal access and opportunities in higher education and is seen as a symptom of this. Although Chile has the healthiest economy in the region of Latin America, it is also the country that presents one of the highest levels of inequality in the world, making it an ideal country to analyse. Since the implementation of the economic neoliberal model in 1973, Chile has performed with great economic growth. It has even been labelled as the “Economic Miracle”. Nevertheless, the neoliberal model has had various consequences, which are analysed throughout this paper. Moreover, the economic model in education is put into question as it is benefiting mainly students from higher class families and putting into financial burden those from lower social classes.Show less
