One Thought To Start Your Day
We don’t hear much up here about New Zealand higher education, mainly because the country’s tiny, and literally located at the end of the earth. But that’s a pity, because it’s an interesting system with a lot to like about it.
The country’s university system is pretty ordinary: eight universities, three of which were founded in the 19th century, and the rest founded after WWII. All of them are pretty much based on English lines, with just one – Auckland – generally … [ Read More ]
As I said yesterday, there’s a quick way to check claims of relative underfunding in block-grant provinces: take each institution’s enrolment numbers by field of study from Statscan’s Post-Secondary Student Information System (PSIS), plug those numbers into the Ontario and Quebec funding formulas, and then compare each institutions’ hypothetical share of total provincial weighted student units (WSUs) under those formulas to what we know they actually receive via CAUBO’s annual Financial Information of Universities and Colleges (FIUC) Survey.
Simple, right? … [ Read More ]
Institutions always claim to be underfunded. Seriously, I’ve been at universities in maybe 25 countries – including Saudi Arabia and the Emirates – and I have yet to find an institution that thought it was overfunded. The reason for this is simple: there’s always just a little bit more quality around the bend, if only you could buy it (the university down the street has a space-shuttle simulator? We need an actual space shuttle to stay competitive!). So it’s easy to … [ Read More ]
In policy circles, we talk a lot about whether education is a public or a private good (it’s both), and what the implications are for pricing. But one thing we don’t talk enough about is the extent to which education is a positional good. And that’s a problem because our decisions on this topic have serious implications for the way we fund higher education.
What’s a positional good? It’s a good that derives part of its value from the fact it’s valuable, … [ Read More ]
If the Australian government’s plan on fee-deregulation comes to pass, what follows will be one of the greatest experiments ever in higher education. Institutions will have the right to set fees exactly as they want, which begs two questions: what will they do with that power, and what will the effects be?
Let’s start with the first question. When institutions in England were given the freedom to set tuition fees up to a maximum of £9,000, nearly all of them immediately … [ Read More ]