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Higher Education Financing Policy: Mechanisms And Effects, Bryan Cheung

Essays in Education

Over the past decades, there has seen a significant and consistent worldwide reform agenda for higher education financing policy. This paper is to analyze factors that keep driving these reform; to identify the reasons why governments and higher education keep searching for funding alternatives; to show the relationship among funding sources and paths; to discuss funding mechanisms and models adopted by some Asian and Western countries; and to discuss the effects of funding policy on student access, institute autonomy, competition, stability of institutes, quality and performance of education, responsiveness to market demands and fiscal burden.