No issue in higher education is as salient, or as controversial, as finance. As demand for higher education around the world grows, so do the costs associated with it, especially as governments shoulder less of the burden. Tuition fees rise and student loan debt grows. Who pays for these surging costs? Who should pay? D. Bruce Johnstone and Pamela N. Marcucci examine the universal phenomenon of cost-sharing in higher education—where financial responsibility shifts from governments and taxpayers to students and families. They find that growing costs for education far outpace public revenue streams that once supported it. Even with financial aid and scholarships defraying some of these costs, students are responsible for a greater share of the cost of higher education. Featuring comprehensive economic and policy data, the authors' international comparative approach shows how economically diverse countries all face similar cost-sharing challenges. So, who should pay for higher education? While cost-sharing is both politically and ideologically debated, Johnstone and Marcucci contend that, for almost all countries, it is imperative for the financial health of colleges and universities, bringing better efficiency, equity, and responsiveness. Financing Higher Education Worldwide combines sophisticated economic explanations with sensitive political and cultural analyses of the financial pressures facing higher education throughout the world.

Examines the universal phenomenon of cost-sharing in higher education -- where financial responsibility shifts from governments and taxpayers to students and families. Growing costs for education far outpace public revenue streams that once supported it. Even with financial aid and scholarships defraying some of these costs, students are responsible for a greater share of the cost of higher education. Shows how economically diverse countries all face similar cost-sharing challenges. While cost-sharing is both politically and ideologically debated, it is imperative to implement it for the financial health of colleges and universities From publisher description.

From Austria to India, university administrators and public policy makers are grappling with the high costs of higher education. Comparing the models by which higher education is funded in the United States and seven other countries, developed and developing, the chapters of this textbook help identify effective financial strategies to meet fast-evolving demands. How can each nation and each institution achieve the right balance between quality and quantity, access and equity, need-based and merit-based aid, government funding and private endowments? In these nine chapters, case studies discuss the different approaches being taken and the varying results produced. This handbook on the finance of higher education is essential reading for college administrators, policy-makers and graduate programs in higher education administration.

The results of a national symposium which brought together academic financial decision-makers and representatives of the broader financial community. The book discusses several aspects of financing higher education in a world economy.

Annotation This book presents reflections from leading scholars of higher education on two related international issues that, at different levels, affect both governments and institutions of higher education-issues of globalization and reform. Writers drawn from Europe, the USA, Australia, and South Africa portray a global pattern of reform.

This book argues that the current renegotiation of the postwar social contract concerning the welfare state in Europe is being accompanied by the renegotiation of a smaller-scale modern social pact between the university and the nation-state. Current transformations to the state under the pressures of globalization will not leave the university unaffected, and consequently it is useful to discuss the university and its future in the context of the state. In the new global order, against the odds, universities are striving to maintain their pivotal role in society. Their role as engines of economic growth and contributors to economic competitiveness between increasingly knowledge-driven economies is being widely acknowledged. But it is a radical reformulation of their traditional social roles. The main reasons for current transformations of the university include globalization pressures on nation-states and their public services, the end of the - Golden age of the Keynesian welfare state, and the emergence of knowledge-based societies and knowledge-driven economies. Therefore the university can no longer be discussed solely in traditional, relatively self-contained disciplinary contexts. Here the university is seen from a variety of perspectives and through the lens of a wide range of disciplines (mainly educational sciences, political economy, sociology, political sciences, and philosophy)."

Questions whether manpower planning mainly considered as a public sector activity should give way to labour market analysis as the dominant means of human resources development planning. Covers financing and privatization of education and training, the gender dimensions of labour market analysis, and the nature of labour market responses during economic adjustment and restructuring.