Open AccessDiversifying Finance of Higher Education
Author(s) -
John C. Weidman
Publication year - 1995
Publication title -
education policy analysis archives
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.727
H-Index - 46
ISSN - 1068-2341
DOI - 10.14507/epaa.v3n5.1995
Subject(s) - government (linguistics) , revenue , finance , developing country , business , goods and services , private sector , higher education , tax revenue , economics , public economics , public finance , government revenue , private good , public good , economic growth , market economy , macroeconomics , microeconomics , philosophy , linguistics
In countries throughout the world, there are increasing pressures to reduce the government share of costs for goods and services with high payoffs to individuals so that the limited available public funds can be used for other needs. This paper suggests several strategies for reducing government expenditures on higher education, including direct cost recovery, grants from and contracts with external agencies, income-producing enterprises, private contributions, and expansion of the private sector. Policy implications and examples (e.g., student access and financial aid, tax status of revenues from enterprises, deferred cost recovery) are presented for both developing and developed countries.