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Turkish
p-ISSN 2146-796X
e-ISSN 2146-7978
Editors
Yunus Söylet,
Recep Öztürk,
Salih Murat Akkın,
Süphan Nasır
2017 Volume 7
 
 
Deomed Publishing
 
Volume 2, Issue 1, April 2012,
Page(s): 28-37
Conceptual Research
Received: Febraury 17, 2012; Accepted: March 5, 2012; Published online: March 12, 2012
doi:10.2399/yod.12.003; Copyright © 2012, Deomed
Financing of Higher Education: Traditional versus Modern Approaches*
Jandhyala B. G. Tilak (E-mail)
National University of Educational Planning and Administration, New Delhi, India
*This article is the revised version of the keynote paper, presented in the International Higher Education Congress: New Trends and Issues, Turkish Council of Higher Education, Istanbul (27-29 May 2011).
Abstract
Conventionally, higher education is heavily subsidised by the state in almost all countries. This has been justified by the recognition of education as capable of producing externalities, as a public good (and as a quasi-public good in case of higher education), as a merit good, as a social investment for human development, and as a major instrument of equity, besides as a measure of quality of life in itself. The launching of neo-liberal economic reforms in most developing and developed countries of the world has led to shrinking the pubic budgets for higher education. Recent trends in funding higher education are associated with changing perceptions on the role of higher education. As a result, business models are adopted in setting and running universities. Private universities, commercial universities, corporate universities and entrepreneurial universities are becoming the order of the day. The several basic characteristic features of higher education, such as higher education as a public good, merit good, social investment, and as a human right are under attack. Recent evidence shows that many universities are experimenting with cost recovery measures, generating resources from student fees, and other non-governmental sources. The effects of these cost recovery measures on the quantity, quality and equity in higher education need to be examined for sound policy making. The paper presents a quick review of some of these arguments being made in favor of and against public financing of higher education and restated how important it is for the state to finance higher education. It is argued that significant reduction in public subsidies to education is neither feasible, nor desirable, even if feasible.
Keywords: Cost-recovery, fees, neo-liberal policies, public good, student loans, welfare state.
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Yükseköğretim Dergisi / Journal of Higher Education

Yükseköğretim Strateji ve Araştırma Derneği (YÖSAD) yayın organıdır. Deomed Yayıncılık tarafından yayımlanmaktadır. / Official Publication of the Higher Education Strategy and Research Association (YÖSAD). Published by Deomed Publishing. Copyright © 2017, Deomed.
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Yükseköğretim Dergisi çevrimiçi (online) sürümünde yayımlanan akademik içeriğin kullanım hakları, ilgili içerikte tersi belirtilmediği sürece Deomed Yayıncılık tarafından Creative Commons Attribution-NoCommercial-NoDerivs 3.0 Unported (CC BY-NC-ND3.0) lisansı aracılığıyla bedelsiz sunulmaktadır. / Except where otherwise noted, academic content of this online version of the journal by Deomed Publishing is licensed under the terms of Creative Commons Attribution-NoCommercial-NoDerivs 3.0 Unported (CC BY-NC-ND3.0) License.