Document Number: 6200Financing Higher Education - Throughout the world, financing of higher education is immensely sensitive politically, although there has been widespread acceptance of two core objectives, both for their own sake and for reasons of national economic performance: (1) strengthening quality and diversity; and (2) improving access. According to the author, economic theory argues for a three-part strategy to better meet the needs of society and student: (1) deferred variable fees; (2) income-contingent loans; and (3) active measures to promote access. The author examines higher education finance reforms in Britain in 1998 and 2004, discussing lessons learned, possible applications to other nations and the state of higher education finance in several other nations. (Nicholas Barr, Finance & Development, June 2005)...
Related IssuesPostsecondary Affordability