scholarly journals An Overview of the Theoretical Perspectives on Higher Education Financing (Implications for Educational Administration in Nigeria)

2021 ◽  
Vol 2 (23) ◽  
pp. 75-99
Author(s):  
Sani Ahmed Yauta ◽  
Keyword(s):  
Higher Education ◽  
Educational Administration ◽  
Theoretical Perspective ◽  
Policy Issues ◽  
Education Financing ◽  
Theoretical Perspectives ◽  
The World ◽  
Higher Education Financing ◽  
Historical Viewpoint ◽  
Financing Higher Education

The paper reviewed some theories that explain higher education financing. Some aspect of these theories is compared in terms of the theoretical perspective on financing higher education. The historical viewpoint and the tenant of the theories give an insight and possible solution to higher education financing. The purpose of the paper is to illuminate an important policy issues on financing higher education the world over and to contribute to the general debate on the contribution of theories in explaining the main issue of financing higher education.

scholarly journals ՀՀ ԲՈՒՀԵՐԻ ԱՆՁԵՌՆՄԽԵԼԻ ՖՈՆԴԵՐԻ ԳՈՐԾԱՌՄԱՆ ԱՌԱՎԵԼՈՒԹՅՈՒՆՆԵՐԸ ԲԱՐՁՐԱԳՈՒՅՆ ԿՐԹՈՒԹՅԱՆ ՖԻՆԱՆՍԱՎՈՐՄԱՆ ՀԱՄԱՏԵՔՍՏՈՒՄ / ADVANTAGES OF FUNCTIONING THE ENDOWMENT FUNDS OF HIGHER EDUCATION INSTITUTIONS IN THE CONTEXT OF RA HIGHER EDUCATION FINANCING

2021 ◽  
pp. 183-195
Author(s):  
ROBERT KHACHATRYAN
Keyword(s):  
Higher Education ◽  
Higher Education Institutions ◽  
Financial Resources ◽  
Financial Autonomy ◽  
Education Financing ◽  
Higher Education Financing ◽  
Current Article ◽  
The Republic ◽  
Financing Higher Education

The current article discusses the advantages of endowment funds of higher education institutions in the context of financing higher education in the Republic of Armenia (RA). The endowment funds can significantly support the RA HEIs to engage new financial resources, to expand the scopes of financial autonomy and further develop cooperation with their main stakeholders.

scholarly journals Outsourcing as an Alternative for Higher Education Financing (HEF) in Nigeria: The Case of Adamawa State University Mubi, Gombe State University and Taraba State University, Nigeria

2018 ◽  
Vol 14 (16) ◽  
pp. 263 ◽  
Author(s):  
Mohammed Danjuma ◽  
Sani Ahmed Yauta ◽  
Musa Jerry
Keyword(s):  
Higher Education ◽  
Higher Education Finance ◽  
University Education ◽  
State University ◽  
Cross Sectional Survey ◽  
Alternative Source ◽  
Cross Sectional ◽  
Education Financing ◽  
Higher Education Financing ◽  
Financing Higher Education

Socio-political and economic issues relating to financing higher education is broadly deliberated and debated subject in many public mediums and academic gatherings in Nigeria, for over a decade to date. Altogether those deliberations and debates are grounded virtually on two basic principles of, financing adequacy and equitability. Inadequacy of education financing is blamed for the deterioration in the quality of education. Furthermore, inequitable resource allocation between federal and State universities in Nigeria forms part of the key issue in accomplishing efficiency of resource utilization which is missing in academic literatures addressing higher education financing in Nigeria. In the context of Nigeria, considering the practical experiences, especially in the operational mechanism of financing of Higher education, transparency and corruptions became a syndrome that ravishes the educational system. This study focuses on sources of higher education finance and the relative contribution of each source to educational development of the nation. At the same time, implications of the present financing mechanism on parity and efficiency of higher education if Outsourcing is introduced as an alternative source of funding in the subsector. This study examines the matters relating to Higher Education Financing at three levels; financial allocation, resources allocation and education output distribution. This study is exploratory cross sectional survey and collects both primary and secondary data from relevant literatures available. The study revealed that outsourcing is a means of Internally Generated Revenue (IGR) in higher institution and therefore serve as alternative means of financing higher education in broad and university education in particular. Therefore, this study recommends formal incorporation of outsourcing in financing of university education in Nigeria.

scholarly journals Financing higher education in function of the Serbian economic development

2021 ◽  
pp. 172-181
Author(s):  
Mlađan Dimitrijević ◽  
Sara Mijailović
Keyword(s):  
Higher Education ◽  
Economic Development ◽  
Education System ◽  
National Economy ◽  
Higher Education System ◽  
Public Benefits ◽  
Education Financing ◽  
Higher Education Financing ◽  
The Republic ◽  
Financing Higher Education

A higher education system, which is adequately managed, enables the availability, advancement and adequate application of knowledge and essential overall progress of the economy and society. Such public benefits are a relevant argument for the economy and society, and especially for the state, to support higher education financially and more broadly. The aim of the research is to point out the importance and necessity of the adequate budget financing of higher education in the Republic of Serbia, without neglecting other possible sources of financing in this area, while taking into account relevant modern challenges, the most significant advantages and dangers that the model of higher education financing in the Republic of Serbia should deal with. Modern and comprehensive approach to financing higher education in the Republic of Serbia is an important factor in the development of science, national economy and society as a whole, so the issue of financing this important area should get much more attention.

Higher Education Financing in Lesotho: Regulation to Realize Its Sustainability and Increase Inclusiveness

2020 ◽  
pp. 1-21
Author(s):  
Morongoe Nkisi
Keyword(s):  
Higher Education ◽  
Higher Learning ◽  
Financial Resources ◽  
Power Development ◽  
Education Financing ◽  
Institutions Of Higher Learning ◽  
Higher Education Financing ◽  
Skilled Workforce ◽  
Financing Higher Education ◽  
Poor Management

Abstract Higher education plays a central role in countries’ realization of their socio-economic development and in establishing a competitive, skilled workforce globally. The need for a skilled workforce, combined with scarcity in financial resources pertaining to higher education, has resulted in governments resolving to finance higher education. This article seeks to encourage adequate regulation to realize the sustainability of higher education financing in Lesotho, to achieve greater inclusiveness in institutions of higher learning. Through the National Manpower Power Development Council Act 8 of 1978, the Lesotho government established the National Manpower Development Council, which is aimed at facilitating the granting of loan bursaries from a fund administered by the National Manpower Development Secretariat. However, these efforts have faced challenges due to the increased cost of financing higher education. Poor management of the loan recovery function, increasing default by graduates on their repayment obligations and a lack of concerted efforts between the respective government departments threaten its sustainability.

The Role of Financing Higher Education in Nigerian Universities in Achieving Sustainable Development

2021 ◽  
Vol 4 (4) ◽  
pp. 551-578
Author(s):  
Samir Mohamad Hassan
Keyword(s):  
Higher Education ◽  
Sustainable Development ◽  
Private University ◽  
Accurate Information ◽  
Community Initiatives ◽  
Higher Education Financing ◽  
The University ◽  
Financing Higher Education ◽  
The Impact

The current study aims to identify the role of financing higher education in Nigerian universities in the state of Kano and its impact on sustainable development. The study problem lies in the low funding of higher education in Nigerian universities, which will negatively affect the sustainability of higher education and sustainable development. The importance of the study is highlighted by highlighting the importance of financing higher education in Nigerian universities and the sources of obtaining this funding as one of the most important factors through which students can complete their studies. The study followed the qualitative approach with the aim of obtaining more accurate information about traditional higher education financing sources and its impact on the sustainability of education and achieving sustainable development. The study population reached the number of three Nigerian universities, which are a governmental, federal and private university, to learn about the impact of financing higher education in Nigerian universities on sustainable development. The sample of the study was about three out of five of those responsible for financing higher education in Nigerian universities. Also, the study followed unstructured or open interviews in order to obtain more information about financing higher education and whether or not it is suitable for the idea of a monetary endowment. The results of the study showed that the sources of financing for higher education in traditional Nigerian universities are varied, including what can be obtained through the endowment and donations fund that can be made through community initiatives, and the results of the study also indicated that the idea of a monetary endowment faces great challenges in its application, so the idea is subject to acceptance and rejection. According to the nature of the university and the nature of the subjects taught. The study recommended the necessity of expanding the study of the impact of financing higher education in Nigerian universities by expanding the scope of study to include all Nigerian states.

scholarly journals FEATURES OF RESULT BASED FINANCING HIGHER EDUCATION

THE BULLETIN ◽  
2021 ◽  
Vol 2 (390) ◽  
pp. 50-57
Author(s):  
Iryna Kalenyuk ◽  
Olena Grishnova ◽  
Liudmyla Tsymbal ◽  
Deniss Djakons
Keyword(s):  
Higher Education ◽  
Education System ◽  
Higher Education Institutions ◽  
Knowledge Society ◽  
Public Funding ◽  
Negative Consequences ◽  
Financial Flows ◽  
Higher Education System ◽  
The World ◽  
Financing Higher Education

The key role of the education system in the formation of a knowledge society is raising the issue of improving its financing. In the face of new challenges and aggravation of global competition, the mechanism for financing the higher education system is being transformed. The need to increase funding is manifested in expanding financial sources and improving the management of various financial flows. Increasing the effectiveness of public funding is becoming an important issue, which remains the main source of financial revenues for institutions of higher education in countries of the world. A promising practice in the world is the use of funding based on the results of activity, which is becoming more widespread in various areas of economic activity. The purpose of this article is to study the current world-wide practice of applying results-based financing of higher education and defining promising directions for its implementation in Ukraine. The essence and features of RBF - Result Based Financing (RBF) method, including in the system of higher education, are revealed. The existing approaches to financing higher education institutions in the world based on results are systematized, the main criteria for their definition are identified: on the basis of inputs, process, output, output. The world practice of using higher education institutions financing based on the results, positive and negative consequences of its implementation is highlighted and summarized. The necessity of using RBF funding in the system of native education is proved, the main directions and areas of its use are determined. The application of a two-tier model of financing higher education institutions in Ukraine is proposed, which combines the traditional cost-oriented approach and funding based on the results of the activity.

scholarly journals Higher education financing and the educational aspirations of teenagers and their parents

2021 ◽  
Vol 85 ◽  
pp. 102175
Author(s):  
Lena Hassani-Nezhad ◽  
Dan Anderberg ◽  
Arnaud Chevalier ◽  
Melanie Lührmann ◽  
Ronni Pavan
Keyword(s):  
Higher Education ◽  
Educational Aspirations ◽  
Education Financing ◽  
Higher Education Financing
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