Featured Pub Articles & Special Issues Financial Capability Financial Inclusion

Addressing the Burden of Education Financing in Low and Lower-Middle-Income Countries: The Role of Savings Accounts, Cash Transfers, and Other Income Sources

How might policy in low- and middle-income countries support both access to higher education and financial inclusion?

This study examines the role of savings account ownership and cash transfers in the education financing choices of families from 59 low- and middle-income countries. Analyses of data from the World Bank’s Global Financial Inclusion survey suggest a strategy for broadening education access and financial inclusion.

Project: Financial Capability and Asset Building in Africa


Ansong, D., Okumu, M., Otchere, F., Koomson, I., & Sherraden, M. (2021). Addressing the burden of education financing in low and lower-middle-income countries: The role of savings accounts, cash transfers, and other income sources. Journal of Family and Economic Issues, 42(4), 745–756. https://doi.org/10.1007/s10834-021-09757-5