The Yale Tuition Postponement Plan (TPO), an income-contingent loan scheme, is discussed and analysed with particular reference to the interest rate crisis and default rates. It is concluded that the high default rate is the most dangerous weakness of contingency loans; nevertheless, the Plan has survived and is still the only scheme of its kind likely to exist in the near future.

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Journal Higher Education
West, E.G. (1976). The Yale Tuition Postponement Plan in the mid-seventies. Higher Education, 5(2), 169–175. doi:10.1007/BF00158487