ERIC Number: ED496992
Record Type: Non-Journal
Publication Date: 2006-Sep
Innovations in Tertiary Education Financing: A Comparative Evaluation of Allocation Mechanisms. Education Working Paper Series. Number 4
Salmi, Jamil; Hauptman, Arthur M.
Human Development Network Education
In recent decades, a growing number of countries have sought innovative solutions to the substantial challenges they face in financing tertiary education. One of the principal challenges is that the demand for education beyond the secondary level in most countries around the world is growing far faster than the ability or willingness of governments to provide public resources that are adequate to meet this demand. This paper examines a range of recent experiences with both traditional and more innovative allocation mechanisms in tertiary education worldwide. The objective of the paper is to survey the landscape of innovation and highlight lessons that can help policymakers in developing and transition countries formulate strategies for increasing the effectiveness of their public policies for tertiary education. The paper begins by proposing a typology that describes both traditional and innovative approaches to resource allocation that are being used or considered in various countries. This typology includes approaches that fund institutions directly and indirectly through students as well as those that fund students and their families.
Descriptors: Educational Demand, Classification, Comparative Analysis, Resource Allocation, Comparative Education, International Studies, Funding Formulas, Postsecondary Education, Educational Innovation, Educational Indicators, Educational Assessment, Cost Effectiveness, Educational Finance, Finance Reform
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Publication Type: Reports - Evaluative
Education Level: Postsecondary Education
Authoring Institution: World Bank, Washington, DC.