An Exploratory Analysis of Higher Education Financial Challenges and Innovations

2015 ◽  
Vol 6 (4) ◽  
pp. 613-624
Author(s):  
Reza G. Hamzaee





2019 ◽  
Vol 12 (2) ◽  
Author(s):  
Bruce Chaloux

Financial aid systems help make higher education available to all who can benefit. To “adjust” the existing financial aid system to make it more student-friendly and open doors currently closed to many part-time learners and students with the greatest financial challenges, state policy changes and greater private sector initiatives targeted at workforce can use creative strategies, including altering state-based programs, creating new learning tax incentives, coordinating employer-based aid, and distributing aid directly to students.



2021 ◽  
Vol 6 (1) ◽  
pp. 43-54
Author(s):  
Dr. Uzma Munawar ◽  
Dr. Muhammad Ayub Buzdar

Knowledge is the key for growth and development of any country. Historically, only those countries succeeded and advanced which based their economies on knowledge. Higher education authorities in Pakistan are trying to promote the notion of knowledge economy in the country. This paper provides an exploratory analysis of various factors and indicators which disclose relationship between the higher education products and economic indicators of the country. There are four main pillars of knowledge economy i.e. education and training, information infrastructure, economic incentive &institutional regime, and innovation systems. Progress on different economic indicators is analyzed and concluded that investment in higher education is not supporting a shift in the nature of economy in Pakistan. Spontaneous and temporary steps may further deteriorate the situation. The paper urges on an overall restructuring of higher education policy and procedure of its implementation in contemporary economic and financial scenario of the country and globe.



Author(s):  
Holden Thorp ◽  
Buck Goldstein

While economic data show that a college degree is still a very worthwhile and important investment of time and money, the public’s realization of this is eroding. In addition to these political challenges, higher education is grappling with changing demographics, which lead to a reduction in the number of students who can pay the full tuition and a change in where the new students are located; financial challenges that stem from the fact that higher education continues to increase in costs while revenue sources are shrinking; and technological challenges that change how students want to receive knowledge.



2021 ◽  
Vol 5 (3) ◽  
pp. 1-18
Author(s):  
Bashir Khan Khan ◽  
Ghulam Mustafa ◽  
Ahmad Nawaz

The paramount aim of the underlying study is to explore the efficacy of the Higher Education Commission (HEC) through evaluating the effectiveness of the key initiatives which have been taken by the HEC to flourish the higher education and research environment in Pakistan. Using exploratory analysis, the study unleashes that the higher education and research culture has improved since 2002 owing to the HEC’s effective initiatives. These include, but are not limited to, increasing the capacity of in-service teaching faculty, induction of PhD faculty in public and private sector universities, award of indigenous and foreign scholarships, and provision of research grants, all of which had a positive influence on higher education through capacity building. A commendable increase in the number of universities along with the induction of highly qualified faculty has been witnessed, specifically the induction of indigenously produced PhDs. Apart from these, the HEC has played an instrumental role in helping to improve the gender parity by 45% in education sector. Moreover, in order to trace out what problems the HEC has been facing to implement its reforms, we conducted KIIs to the HEC officials who have been remained the part of policy implementation. The KIIs discloses that the deteriorating budgetary allocation, less cooperation from public sector universities, and questioning the HEC’s autonomy are the major challenges among others to the HEC in promoting an effective and inclusive higher education in Pakistan. The KIIs suggest that the autonomy of the HEC should not be compromised, and the liaison between universities and the HEC should be increased.



Author(s):  
Arthur M. Hauptman ◽  
Levon Barkhudaryan ◽  
Sergey Balasanyan

Armenia's universities face serious financial challenges. This article focuses on how Armenia has developed new approaching to financing its universities.



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