摘要:The returns to tertiary education have been shown to be large, especially in developing countries. Yet access to tertiary education is usually unequal, limited by the high cost of attendance and inadequate access to financial markets, especially for students from low socioeconomic backgrounds. Recent figures on the total cost of tertiary education, including tuition, fees and living expenses, show an average of 35% of per capita GDP in OECD countries. In Latin America, the cost represents a higher percentage of GDP per capita, around 66% in Colombia and 96% in Peru1. With such large costs of provision, countries with limited resources find it difficult to finance large expansions of tertiary education. In many countries, this has resulted in small elites attending university. This was also the case in Colombia: in 2002, prior to the inception of the Project, the enrollment rate in tertiary education among the low-income population was less than 20 percent, compared to close to 60 percent for high-income students. Access to good quality tertiary education was limited due to scarce resources, in particular for students from poor families.