Saturday, August 6, 2022

Towards a consensus model for financing higher education - Arthur M Hauptman, University World News

In countries around the world, there are two key objectives in financing public higher education: to make it affordable to a broad range of the population and to make the system financially sustainable. In reality, these goals are rarely achieved. But does a financing model exist that meets both objectives without devoting too large a share of GDP to higher education?  To achieve greater sustainability, countries must develop policies that promote relevance to society’s needs, accommodate growth in demand and achieve greater efficiency. To ensure greater relevance, the share of funding allocated to training opportunities should be increased.