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Uncertainty, and Public Policy . Journal of Political Economics , 87 ( 1 ): 1521 – 1537 . Avery , C. – Turner , S. ( 2012 ): Students Loan: Do College Students Borrow too Much – Or

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The essay surveys Hungarian higher educational reform in a historical perspective Higher education is a special branch of public administration, where investment to human capital is of corollary importance even if the educational, research and fiscal autonomy of the given institutions is fully respected. The author investigates the legal aspects of how government oversight and supervision (as envisaged in the communist model) has been dismantled over the past 25 years in Hungary. There is no doubt: with the development of institutional autonomy, state subsidies decline and higher educational institutions need to make an increasing effort to simultaneously maintain financial stability, meet market demands and reverse the current trend of deterioration regarding the quality of education. It is for this reason that the negotiations between higher educational institutions and the state must remain within the legal frameworks so that government supervision will not transform into total neglection.

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(1). Funding Higher Education in the Age of Expansion. Education Economics 6 Barr N. (1989): Student Loans: The

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Hungary , 1997 – 2011 . Acta , Oeconomica , 63 ( 3 ): 257 – 286 . Hungarian Student Loan , Center

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Journal of Adult Learning, Knowledge and Innovation
Authors: Judit Váradi, Tímea Szűcs, Mária Strenáčiková, and Mária Strenáčiková

, if they have a student loan, they are more inclined to graduate. We may conclude that attrition is generally not the consequence of a rational decision but that of circumstance. The interviews have revealed that attrition rates are the

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greater reliance on student loans (rather than non-repayable grants) did not have an unintentionally negative impact on study success in general and for students from lower socioeconomic groups in particular. The English continuation rate

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