Compare and contrast Grameen Bank (GB) Higher Education Student Loan Service in Bangladesh and the state-managed student financial aid program in Canada and America

Abstract

This policy research paper narrates ‘Compare and contrast the state-managed Canada and the American student financial aid program with the NGO-managed Grameen Bank (GB) Higher Education Student Loan program in Bangladesh’. This paper is a nutshell consolidation of the research that focuses on to compare and contrast policies, strategies and products of the Canadian and the American student financial aid policies and products with the policies, strategies and products of the Grameen Bank (GB) Higher Education Student Loan program for the second generation of GB borrowers in Bangladesh. The study finds the Canadian and the American student higher education financial aid programs have distinct variations; however, some of their policies, products and implementation strategies are similar to each other; however, the Canadian and the American student higher education financial grants and loans policies have been modifying over time to address the needs and demands of the students since inception. However, although the Grameen Bank student higher education loan policies and products, initiated in 1997, it remains unchanged even it has limited expansion although the GB student higher education loan program is very popular and it has huge demand in Bangladesh. This research generates new knowledge of NGO--managed student loan financing services in Bangladesh that has impact to address poverty and employment creation in Bangladesh. The research findings help Canada and America and GB Bangladesh to improve their student higher education financial aid services in in these countries.