Article thumbnail

Higher education funding.

By Nicholas Barr

Abstract

The expansion of higher education throughout the OECD – and beyond – is both necessary and desirable. But it is costly, and faces competing imperatives for public spending. Higher education finance is therefore salient to an extent that is not yet fully appreciated in all countries, and is also immensely sensitive politically. This paper sets out the core lessons for financing higher education deriving from economic theory and puts them alongside lessons from country experience. The UK reforms announced in 2004 are assessed against the backdrop of those two elements. A concluding section briefly maps out unfinished business.

OAI identifier: oai:RePEc:ner:lselon:http://eprints.lse.ac.uk/288/

To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.

Suggested articles

Citations

  1. (2001a), The Welfare State as Piggy Bank: Information, Risk, Uncertainty, and the Role of the State, London and New York:
  2. (1993). Alternative Funding Resources for Higher Education’, Economic Journal, Vol 103, No 418,
  3. (2004). An Analysis of the Higher Education Reforms, Briefing note No. 45, London: Institute for Fiscal Studies, downloadable from http://www.ifs.org.uk.
  4. (2002). Annual Report: Student Loan Scheme,
  5. (1997). Conceptual Issues and the Australian Experience with Income Contingent Charges for Higher Education’,
  6. (2002). Does Education Matter: Myths about education and economic growth,
  7. (2002). Education at a Glance,
  8. (2003). Family income and participation in postsecondary education,
  9. (2003). Financing higher education in the UK: The
  10. (2003). for Education and Skills
  11. (2002). Funding higher education in the UK: The role of fees and loans’,
  12. (2002). Funding Higher Education: Policies for Access and Quality’,
  13. (1991). Income-Contingent Student Loans: An Idea Whose Time Has Come’,
  14. (2004). Investing in Human Capital: A Capital Markets Approach to Student Funding, Cambridge:
  15. (1998). Learning for Life: Review of Higher Education Financing and Policy: Final Report,
  16. Nicholas (2004),The Economics of the Welfare State, 4th edition,
  17. (2004). Oxford Review of Economic Policy,
  18. (1996). Repayment Rates for Student Loans: Some Sensitivity Tests, Welfare State Programme, Discussion Paper WSP/127, London: London School of Economics.
  19. (2003). Review of research assessment: Report to the UK funding bodies, Bristol: Higher Education Funding Council for England.
  20. (1989). Student Loans: The Next Steps,
  21. (1999). Subsidies, Hierarchy and Peers: The Awkward Economics of Higher Education’,
  22. Tertiary Education Advisory Commission (2001), Shaping the Funding Framework: Fourth Report of the Tertiary Education Advisory Commission: Summary Report, Tertiary Education Advisory Commission,
  23. (2003). The access implications of income contingent charges for higher education: Lessons from Australia’, Australian National University, Centre for Economic Policy Research, Discussion paper no.
  24. (1998). The Dearing Report and the Government’s Response: A Critique’,
  25. (1962). The Finance of University Education
  26. (2000). The new UK Quality Framework’,
  27. (1955). The Role of Government
  28. (1992). The Socialist System: The Political Economy of Communism,
  29. (2001). The Wider Benefits of Higher Education, London: Higher Education Funding Council.
  30. (1998). Towards a “Third Way”: Rebalancing the Role of the State’,
  31. (2003). Who Should Pay? Tuition fees and tertiary education financing in New Zealand, Wellington: Education Forum,