Category: Funding and Finances

Financial Barriers

Following on from yesterday’s blog about Human Capital Theory, I thought it would be worth talking a little more broadly about financial barriers to higher education and what we mean by that term.  Because there are at least three different phenomena at work, and much too much policy confuses the three. The first type of possible financial barrier is the one we encountered yesterday: the “value for money” barrier, (or alternatively, the “is it worth it” barrier).   A free master’s

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Watching the Americans

[the_ad id=”12142″] Yesterday I looked at the situation at Purdue University in Indiana and noted that one of the things permitting the “miracle” of frozen tuition was the significant increase in state appropriations over the last few years.  This made me wonder whether Indiana was an outlier or not, and indeed how states had been performing in the recession’s aftermath. About ten years ago, as the economic crisis was starting to take hold in the United States, things started to turn really

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Risk (Income)

Over the course of the last three days we’ve been talking about all kinds of risks: today, I want to talk about financial risks and particularly how institutions generate income. Greater institutional income is a panacea for problems facing institutional boards: the more income you have, the better position one is in to deal with all those risks we’ve been talking about all week .  A rich institution can pay to attract good staff (both academics and key non-academic positions, like

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Five Approaches to Subsidizing Students

Specialists sometimes like to talk as if post-secondary funding is some kind of arcane science.  But if you cut to the chase, it’s actually pretty simple.  You can tinker around the edges, and you can use different techniques to fund different parts of the system, but fundamentally there are only these five approaches: Subsidize nothing.  Some education is private and does not attract any subsidy.  In fact, in large swathes of Asia, Africa and Latin America (not to mention about

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Enough, Ontario

Our usual annual round-up of provincial budgets will come Wednesday, right after Saskatchewan posts its numbers, but as I was writing a draft of the piece I realized it makes almost no sense to talk about national trends in provincial funding without looking at what is going on in Ontario, because to a large extent it drives the national numbers.  And what is going on in Ontario – what has been going on in Ontario – over the past decade

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