Aspects Regarding the Financing of Higher Education Institutions

Abstract

In spite of its universally recognized importance, the literature reveals that higher education in most countries (and Romania is not an exception) is suffering from increasing austerity traced to some combination of rising costs and stating and even diminishing revenues. So it is obviously that we need some changes in the financing systems of higher education, systems that not to affect the quality of the educational services, moreover to be a support for them. This paper presents an analytical view of the other countries’ experience in the matter of financing higher education institutions from the cost sharing perspective, in order to offer solutions for Romanian higher education managers. Our work offers a new perspective and a point of discussions over the changes which must to be made in financing of public higher education system. The paper also reveals the advantages and limits of some of the methods used worldwide and, most of all, affirms the necessity of the implication of all stake-holders in financing higher education.higher education, public funding, fees