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Future of Higher Education Financing and Governance

  • Sudhanshu BhushanEmail author
Chapter

Abstract

The future of higher education financing relying on education loan will have consequences for governance that need to be understood. Reliance on market borrowing will link higher education to market principles of governance. With the financial restructuring taking place and centralized decision-making process at the level of group of secretaries, the governance will be steered through accreditation and ranking process in place. NAAC and National Institutional Ranking Framework will ensure that more and more institutions are under its ambit. The new move towards tiered autonomy as stated in the action plan of NITI Aayog will give greater autonomy to a group of higher-ranking research-dominated universities, and lesser autonomy will be available to teaching and the rest of the institutions. The scheme of institutions of eminence will be another category in the hierarchy of institutions. In the future the academic and financial autonomy will be given to the universities, and institutions will be more self-governing. They will have to be competitive and generate more and more resources.

Keywords

Financing Equity Governance Private 

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Copyright information

© Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  1. 1.Department of Higher and Professional EducationNational Institute of Educational Planning and Administration (NIEPA)New DelhiIndia

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