ERIC Number: ED482216
Record Type: RIE
Publication Date: 2003-Oct
Financing in Sync--Policy Brief. Policy Insights.
This paper notes that financing policy is potentially the most powerful policy tool states can use to influence how institutions, students, and employers behave in ways consistent with broader public purposes. It is often not wielded effectively. After identifying elements of financing policy and major issues that relate to these elements, the paper looks at decision points for state policymakers and suggests some approaches to enhance the decision-making process and its results. These approaches include: (1) ensuring that policies and decisions are made as a coherent package; (2) recognizing that the economy that leaves states with revenue shortfalls also affects students and families negatively; (3) developing understanding of financial adequacy for institutions; (4) avoiding making student financial aid policy a solely institutional responsibility; (5) aligning some part of institutional funding specifically around state policies; (6) making funding distinctions among institutions to protect institutions that make the greatest contribution to state priorities; and (7) recognizing that methods of allocation are key elements of policy. The paper also identifies several examples of how different objectives and different roles in the decision process may lead to decisions that have counterproductive results. (SLD)
Descriptors: Educational Finance, Financial Policy, Financial Support, Higher Education, Policy Formation, Student Financial Aid
For full text: http://www.wiche.edu/Policy/PolicyInsights/PoliciesInSync/JonesInsight.pdf.
Publication Type: Information Analyses
Education Level: N/A
Sponsor: Lumina Foundation for Education, Indianapolis, IN.
Authoring Institution: Western Interstate Commission for Higher Education, Boulder, CO.
Grant or Contract Numbers: N/A
Note: Excerpted from the paper "Finance in Sync: Aligning Fiscal Policy with State Objectives" in the Western Interstate Commission for Higher Education report "Policies in Sync: Appropriations, Tuition, and Financial Aid for Higher Education."