International trends in the public and private financing of higher education
Purchase on Springer.com
$39.95 / €34.95 / £29.95*
Rent the article at a discountRent now
* Final gross prices may vary according to local VAT.
Beginning by analyzing the major qualitative and quantitative changes in higher education around the world, this article examines international trends in their financial implications. It then demonstrates the state’s inability to bear the entire rising financial burden, and explores the role of self-financing, and of the non-profit and for-profit private sectors, in sharing the enrolment and the cost burden. Examples of cost-sharing from around the world are given, with an analysis of the complexities and ambiguities of the meanings of public and private in reference to financing higher educational institutions. A discussion of private–public partnerships follows, and of the role that non-profit and for-profit cross-border higher education plays in financing. The conclusion offers eight policy themes for coping with the underlying situation of financial strategy and the simultaneous need to supplement scarce public revenues with private revenues, meanwhile increasing access to and participation in higher education for those not yet benefiting from it.
Supplementary Material (0)
- Arimoto, A. (2006). Structure and functions of financing Asian higher education. In Global University Network for Innovation (GUNI) (Ed.), Higher education in the world: The financing of universities. Basingstoke and New York: Palgrave Macmillan.
- Bashir, S. (2007). Trends in international trade in higher education: Implications and options for developing countries. Education Working Paper Series. Washington, DC: World Bank.
- Bjarnason, S., Cheng, K.-M., Fielden, J., Lemaitre, M. J., Levy, D., & Varghese, N. V. (Eds.) (2009). A new dynamic: Private higher education. Background document prepared for the World Conference on Higher Education. Paris: UNESCO.
- Blöndal, S., Field, S., & Girouard, N. (2002). Investment in human capital through upper-secondary and tertiary education. OECD Economic Studies. Paris: OECD. http://www.oecd.org/dataoecd/0/52/2640202.pdf.
- Cheng, K.-M. (2009). Public-private partnership. In S. Bjarnason, K.-M. Cheng, J. Fielden, M. J. Lemaitre, D. Levy, & N. V. Varghese (Eds.), A new dynamic: Private higher education. Background document prepared for the World Conference on Higher Education. Paris: UNESCO.
- Garrett, R. (2007). For-profit higher education internationally: Trends and issues. Paper presented at the CHEA (Council for Higher Education Accreditation) International Meeting, February 1, 2007, Washington, DC.
- Johnstone, D. B. (1986). Sharing the costs of higher education: Student financial assistance in the United Kingdom, the Federal Republic of Germany, France, Sweden, and the United States. New York: College Entrance Examination Board.
- Johnstone, D. B. (2004). The economics and politics of cost-sharing in higher education: Comparative perspectives. Economics of Education Review, 23(4), 403–410. CrossRef
- Johnstone, D. B. (2006a). Financing higher education: Cost-sharing in international perspective. Boston/Rotterdam: Boston College Center for International Higher Education/Sense Publishers.
- Johnstone, D. B. (2006b). Higher education accessibility and financial viability: The role of student loans. In Global University Network for Innovation (GUNI) (Ed.), Higher education in the world: The financing of universities. Basingstoke and New York: Palgrave Macmillan.
- Johnstone, D. B., & Marcucci, P. (2010). Financing higher education in international perspective: Who pays? Who should pay?. Baltimore: The Johns Hopkins University Press.
- Knight, J. (2006). Commercial cross-border education: Implications for financing higher education. In Global University Network for Innovation (GUNI) (Ed.), Higher education in the world: The financing of universities. Basingstoke and New York: Palgrave Macmillan.
- Mountbatten-Windsor, C. (HRH the Prince of Wales) (2009). Facing the future. The Richard Dimbleby Lecture, July 8, 2009, London. http://www.princeofwales.gov.uk/speechesandarticles/the_richard_dimbleby_lecture_titled_facing_the_future_as_del_573388579.html.
- NIIT Limited (2009). Annual report 2008–2009. Gurgaon, India: NIIT. http://www.nit.com/investorrelations/consolidated%20Results/Report08-09pdf.
- OECD [Organisation for Economic Cooperation and Development] (2004). Education at a glance, 2004: OECD indicators. Paris: OECD. http://www.oecd.org/document/7/0,3746,en_2649_201185_33712135_1_1_1_1,00.html.
- Salmi, J., & Hauptman, A. W. (2006). Resource allocation mechanisms in tertiary education: A typology and an assessment. In Global University Network for Innovation (GUNI) (Ed.), Higher education in the world: The financing of universities. Basingstoke and New York: Palgrave Macmillan.
- Sanyal, B. C. (1995). Innovations in university management. Paris: UNESCO IIEP.
- Sanyal, B. C. (1998). Diversification of sources and the role of privatisation in financing higher education in the Arab region. Paper presented at the Regional Conference on Higher Education for the Arab Region, Beirut, 2–5 March, 1998. Paris: UNESCO IIEP.
- Sanyal, B. C. (2008). Globalisation and higher education: Implications for India. In: Convocation address delivered on the occasion of the conferment of Doctor of Science (Honoris Causa), 21st convocation, University of Kalyani, India.
- Sanyal, B. C., & Martin, M. (1998). New strategies for the management of finance in universities. Prospects, 38(3), 429–441. CrossRef
- Sanyal, B. C., & Martin, M. (2006). Financing higher education: International perspectives. In Global University Network for Innovation (GUNI) (Ed.), Higher education in the world: The financing of universities. Basingstoke and New York: Palgrave Macmillan.
- SLBA [Student Loan Borrower Assistance] (2010). For-profit higher education by the numbers. http://www.studentloanborrowerassistance.org/blogs/wp-content/www.studentloanborrowerassistance.org/uploads/2007/03/BytheNumbersJan2010.pdf.
- Smith, M. (2010). College, Inc. [Program on WGBH television series Frontline]. http://www.pbs.org/wgbh/pages/frontline/collegeinc/view/.
- SUMFOLIO (2009). China casts smart bet on for-profit education in China. http://sumfolio.com/chinacasts -smart-bet-on-for-profit-education-in-china-076.
- UIS [UNESCO Institute for Statistics] (2006). Global education digest. Montreal: UIS.
- UIS [UNESCO Institute for Statistics] (2010). Data centre, Predefined tables, education. Montreal: UIS. http://stats.uis.unesco.org/unesco/ReportFolders/ReportFolders.aspx.
- UNESCO (2004). Final report of the meeting of higher education partners at World Conference on Higher Education +5. Paris: UNESCO. http://unesdoc.unesco.org/images/0013/001352/135213e.pdf.
- UNESCO (2010). EFA global monitoring report 2010: Reaching the marginalized. Paris: UNESCO.
- Varghese, N. V. (2010). Higher education and the global economic crisis. IAU Horizons, 16(1), 12–13.
- Venter, J. C. (2007). A DNA driven world. The Richard Dimbleby Lecture, December 4, 2007, London. http://www.bbc.co.uk/pressoffice/pressreleases/stories/2007/12_december/05/dimbleby.shtml.
- Vossensteyn, H. (2004). Fiscal stress: Worldwide trends in higher education finance. NASFAA Journal of Student Financial Aid, 34(1), 39–55.
- World Bank (2010). Financing higher education in Africa. Washington DC: The World Bank. CrossRef
- Zaiem, M. H. (2005). Current situation and prospects for higher education funding in Tunisia. IAU Horizons, 11(1), 8.
About this Article
- International trends in the public and private financing of higher education
Volume 41, Issue 1 , pp 157-175
- Cover Date
- Print ISSN
- Online ISSN
- Springer Netherlands
- Additional Links
- Higher education finance
- Resource allocation
- Cost sharing
- Private higher education
- Privatization of public higher education
- Cross-border higher education
- Student financial assistance
- Industry Sectors