Financing Higher Education In A Global Market

From Austria to India, university administrators and public policy makers are grappling with the high costs of higher education. Comparing the models by which higher education is funded in the United States and seven other countries, developed and developing, the chapters of this textbook help identify effective financial strategies to meet fast-evolving demands. How can each nation and each institution achieve the right balance between quality and quantity, access and equity, need-based and merit-based aid, government funding and private endowments? In these nine chapters, case studies discuss the different approaches being taken and the varying results produced. This handbook on the finance of higher education is essential reading for college administrators, policy-makers and graduate programs in higher education administration.

Chapter 1. Financing Higher Education in a Global Market: A Contextual Background Steve O. Michael, Professor of Higher Education Administration and Vice Provost for University Diversity and Academic Initiatives at Kent State University Chapter 2. Financing Higher Education in the United States of America: Strategies for the 21st Century Steve O. Michael; and Mark A. Kretovics, Assistant Professor of Higher Education Administration and coordinator of the master's degree in Higher Education at the Graduate School and College of Education, Kent State University, USA Chapter 3. Financing Higher Education In Canada Daniel W. Lang, Professor, Division of Management, the Ontario Institute for Studies in Education of the University of Toronto (OISE/UT), Canada Chapter 4. Great Expectations and Declining Resources: Financing Higher Education in Mexico Wietse de Vries. Senior Researcher at the Autonomous University of Puebla (BUAP), Mexico Chapter 5. Higher Education Policy and Finance in Spain Jorge Calero, Professor of Applied Economics (University of Barcelona) and President of the Spanish Association of the Economics of Education (AEDE) Chapter 6. Financing Higher Education in Austria and Future Challenges Hans Pechar, Associate Professor at the Faculty for Interdisciplinary Studies (IFF), University of Klagenfurt and head of the department for Higher Education Research; Elsa Hackl, Professor, Department of Political Science, Vienna University Jan Thomas, Research Fellow, Department for Higher Education Research, Faculty for Interdisciplinary Studies, University of Klagenfurt at Vienna (Austria) and associate lecturer at the Ruhr-Universit t Bochum (Germany) Chapter 7. Financing HigherEducation in South Africa and Future Challenges Prakash Sing, Associate Professor of leadership and strategic management, University of Port Elizabeth, South Africa Chapter 8. Financing Higher Education in India Under Structural Adjustment Jandhyala B.G. Tilak, Professor and Senior Fellow and Head of the Educational Finance Unit at the National Institute of Educational Planning and Administration, New Delhi, India Chapter 9. Financing Higher Education in Thailand and Future Challenges Rick Rantz, Director of the Chester Campus of Feather River College in Northern California; and Phasina Tangchuang, Associate Professor of Adult/Non-Formal Education at the Center for Education and Labor Studies (CELS), Chiang Mai University, Thailand

Higher education is increasingly important to the labor market success of individuals and the prosperity of nations, yet, as this book shows, public funding for higher education is declining. It presents innovative approaches to increasing funding for universities through closer ties with business and through privatization of universities.

This book reviews and analyses higher education financing and explores the innovative ways by both public higher education and private higher education institutes in the context of globalization, with India, Russia and Tanzania as a case study. It examines the diverse policy discourses which greatly influence the higher education systems based on evidence-based research. This book is arranged into four major themes. Part 1 deals with the various possible modes of financing of higher education, such as the credit market and voucher system. Part 2 deals with strategies to mobilize the resources. Part 3 deals with innovative and sustainable approaches to financing private higher education institutions. Part 4 discusses the policies and limitations with external financing of higher education. It is an interesting collection of various themes in different chapters by serious researchers. It is an excellent read for students, educators and policymakers interested in alternative and innovative practices in higher education financing. It is a highly informative book for researchers providing insights on how social and political dynamics impact higher education financing.

The results of a national symposium which brought together academic financial decision-makers and representatives of the broader financial community. The book discusses several aspects of financing higher education in a world economy.

In higher education, the United States is the preeminent global leader, dominating the list of the world’s top research universities. But there are signs that America’s position of global leadership will face challenges in the future, as it has in other realms of international competition. American Universities in a Global Market addresses the variety of issues crucial to understanding this preeminence and this challenge. The book examines the various factors that contributed to America’s success in higher education, including openness to people and ideas, generous governmental support, and a tradition of decentralized friendly competition. It also explores the advantages of holding a dominant position in this marketplace and examines the current state of American higher education in a comparative context, placing particular emphasis on how market forces affect universities. By discussing the differences in quality among students and institutions around the world, this volume sheds light on the singular aspects of American higher education.

The underlying theory of cost-sharing as well as the description of its worldwide reach were developed from 1986 through 2006 mainly by the works of Johnstone and his Ford Foundation financed International Higher Education Finance and Accessibility Project at the State University of New York at Buffalo. The principal papers from this project are reproduced in this volume. They examine the worldwide shift in the burden of higher education costs from governments and taxpayers to parents and students, and the policies of grants, loans and other governmental interventions designed to maintain higher educational accessibility in the face of this shift.

The financing of higher education is undergoing great change in many countries around the world. In recent years many countries are moving from a system where the costs of funding higher education are shouldered primarily by taxpayers, through government subsidies, to one where students pay a larger share of the costs. There are a number of factors driving these trends, including: A push for massification of higher education, in the recognition that additional revenue streams are required above and beyond those funds available from governments in order to achieve higher participation rates Macroeconomic factors, which lead to constraints on overall government revenues Political factors, which manifest in demands for funding of over services, thus restricting the funding available for higher (tertiary) education A concern that the returns to higher education accrue primarily to the individual, rather than to society, and thus students should bear more of the burden of paying for it This volume will help to contribute to an understanding of how these trends occur in various countries and regions around the world, and the impact they have on higher education institutions, students, and society as a whole. With contributions for the UK, USA, South Africa and China this vital new book gives a truly global picture of the rapidly changing situation