The stakes in achieving universal access to high-quality education are high. According to the Global Partnership for Education, 420 million people could be lifted from poverty with a secondary education, cutting the number of poor worldwide in half. And a child whose mother can read is 50 percent more likely to live past the age of five. Yet poverty prevents many children from attending school. Tuition and other expenses are costly and bills often are difficult for families with irregular incomes to pay. CGAP has found that financial services can remove barriers to education by increasing transparency in the use of public education funds, improving teacher’s presence and accountability, and expanding access to education finance for low-income families.
The stakes in achieving universal access to high-quality education are high, yet many children remain out of school. The financial challenges associated with paying school fees and covering the other costs of education contribute to this problem. In this blog series, CGAP
There are about 1 billion people between 15 and 24 years of age in the world’s less developed regions. As they grow into adulthood, they will need support from many sources – including parents, trusted mentors, and social networks – and a variety of financial and non-financial