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Category: Funding and Finances

What Goes Up May Come Down

About six years ago now, when policymakers in Canada started to get excited about international education, many hoped that foreigners might be able to subsidize our expensive system of higher education.  I don’t mean to put too fine a point on it, but the thinking was: if the Australians could manage it, presumably so could we. To date, our results have been pretty good.  International enrolments keep rising. The money keeps on flowing, offsetting the weakness in government funding.  What

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January 18, 2013 No Comments

Why Don’t we Have More Private Higher Education?

Here’s a puzzle:  In many provinces, the law allows for the establishment of new, private, degree-granting institutions.  So why don’t they do it? Why don’t disaffected lawyers set up a cut-price law school in central Toronto to compete against the expensive products offered by U of T and Osgoode?   Why doesn’t a brand-name private secondary institution, like the Bishop Strachan School, create its own liberal arts college, a la Bryn Mawr or Wellesley? In Canada, private higher education is often thought

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January 16, 2013 1 Comment

Lessons from Quebec

What lessons can we learn from the current mess in Quebec?  I think two stand out – one for students, and one for universities. The lesson for students is this: it’s great that they can mobilize and maintain pressure on government in the ways they have over the past twelve months.  But, if you fight a tuition fee hike by telling government that there’s oodles of waste and inefficiency in universities, don’t be surprised if they take you at your

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December 19, 2012 No Comments

Baumol vs. Bowen

A fascinating paper came out recently on SSRN, which should be of interest to anyone concerned with the economics of higher education.  Its purpose was to answer a most interesting question: is cost-inflation in higher education driven by internal factors, or external ones? There are two leading theories about cost-inflation in higher education.  The first, proposed by William Baumol (whose new book I mentioned last week), argues that external factors are to blame.  Education, as a labour-intensive good, says Baumol, will always see

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December 18, 2012 No Comments

Islamic Student Loans

READER’S NOTE: HESA does not have connections to any organizations that offer interest-free loans.    As-salaam Alaikum. Every once in awhile, someone in the student movement hears tell of interest in Islam being prohibited, thinks about student loans for a microsecond, and then comes up with the idea that student loans are “unislamic” and, hence, culturally inappropriate.  This, in the past, has led some in Canada to claim that the whole student aid system needs to be revised and made more

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December 12, 2012 14 Comments

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One Thought to Start Your Day is our founder and CEO Alex Usher’s popular daily blog, brimming with up-to-the-minute insights and informed opinions on today’s higher education industry.

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