CHANGING SOURCES AND PATTERNS OF FINANCE FOR HIGHER EDUCATION: A REVIEW OF INTERNATIONAL TRENDS

Abstract

The last decade has seen considerable changes in patterns of financing higher education in both industrialized and developing countries. Financial stringency affecting public budgets, rapid growth in student numbers, and concern for both efficiency and equity have resulted in changes both in systems of financial support for students and mechanisms for funding higher education institutions. This article reviews recent changes in sources and methods of financing higher education in OECD countries, including Australia, France, Germany, Japan, Netherlands, Sweden, the United Kingdom, and the United States. It examines attempts to shift some of the financial burdens, for higher education from public to private sources, through the introduction of tuition fees and student loans, not only in industrialized countries, but also in developing ones in Africa and Asia.