Higher education is increasingly important to the labor market success of individuals and the prosperity of nations, yet, as this book shows, public funding for higher education is declining. It presents innovative approaches to increasing funding for universities through closer ties with business and through privatization of universities.

Higher education will have increasing importance in channeling human resources to support social development and economic growth but faces resource constraints and competing priorities in ADB’s developing member countries (DMCs). Sudden and large shifts of government financing to higher education in DMCs may derail adequate funds for basic and secondary education. It is thus critical that new paradigms be found for financing higher education. With its well-developed framework for planning, project preparation, and analysis, and its excellent track record in education, ADB is well positioned to provide leadership in this important area. This good practice guide focuses on policy options, strategies, and practical tools for identifying and obtaining information to feed into country-specific dialogue concerning funding shortfalls and innovative methods of higher education finance, including partnerships with the private sector.

This book analyzes the political economy of higher education finance across a range of OECD countries, exploring why some students pay extortionate tuition fees whilst for others their education is free. What are the redistributional consequences of these different tuition-subsidy systems? Analysing the variety of existing systems, Garritzmann shows that across the advanced democracies “Four Worlds of Student Finance” exist. Historically, however, all countries’ higher education systems looked very much alike in the 1940s. The book develops a theoretical model, the Time-Sensitive Partisan Theory, to explain why countries have evolved from a similar historical starting point to today’s very distinct Four Worlds. The empirical analyses combine a wide variety of qualitative and quantitative evidence, studying higher education policies in all advanced democracies from 1945-2015.

This book focuses on some of the last decade's more significant writing about developments in higher education planning, organizing the wide-ranging commentaries and studies to show the administrator, the faculty member and the informed layman what the current status of higher education appears to be.

The book analyses various challenges emanating from privatization, globalization and public financial crunch to understand the future directions of higher education in India. The book presents a careful understanding of structure, finance and governance of higher education and advocates a new way to look at increasing the capability of students to secure their future. Attention has also been drawn to the inequalities prevailing in the system of higher education and pursuing inclusive approach so as to have sufficient employment opportunities for students in the labour market. The book is divided into three parts. Part 1 deals with the future in terms of university structure and functions, Part 2 deals with the future of financing higher education and Part 3 deals with capabilities required by teachers for the future of universities. It is an interesting collection of various themes in different chapters which are authored by serious researchers. All policy makers, university administrators and teachers and researchers of higher education interested in governance, financing, teaching as well as research in the area of higher education will find the contents of the book relevant. The book will benefit in understanding the challenges of higher education and help remodel the future of higher education in India.

Ultimately, the authors recommend that states create new ways of helping colleges with many at-risk students, define performance indicators and measures better tailored to institutional missions, and improve the capacity of colleges to engage in organizational learning.