Financiación universitaria: propuesta de préstamos educativos en una institución financiera administradora de fondos previsionales.

Abstract

Practically all countries have a public pension system as one of their main Welfare State programs. In the case of Ecuador, we have a pay-as-you-go system that is going through a negative deficit since 2015. In this sense, in this paper, it aims to bring together the active and future participants of the system, establishing a financial service that, in the short term increases the possibilities of access to higher education. In the medium term, allows obtaining adequate employment or the creation of employment and that in the long term increases the number of affiliates and therefore contributes, partially, to the sustainability of the pension system. Evidently specific reforms of the system are also required in the short and medium term. The financial service corresponds to a proposal for the implementation of educational loans, which contribute yield to a pension fund administrator and at the same time, allow paying for third and fourth level studies for students who do not have the necessary resources. Thus, using data from the National Survey of Employment, Unemployment and Underemployment and surveys, the current situation of demand and supply of educational loans was determined. The risk-free rate for educational loans and the probability of default were estimated through logistic models, using data provided by the administrator to finally analyze the cost-benefit of the proposal.