Wow! eBook
Financing Higher Education in a Global Market
Author(s): Steve O. Michael (Editor), Mark A. Kretovics
- Publisher: Algora Publishing
- Publication Date: February 26, 2008
- Language: English
- Print length: 344 pages
- ISBN-10: 0875863167
- ISBN-13: 9780875863160
Book Description
In Financing Higher Education in a Global Market, editors Steve O. Michael and Mark A. Kretovics present an insightful analysis of how higher education funding models shape academic systems globally. This comprehensive work explores the complexities of financing higher education in diverse countries, including the United States, Thailand, and beyond, offering a comparative perspective on funding policies, economic challenges, and innovative strategies.
Global Perspectives on Education Funding:This book delves into the financial frameworks that sustain universities and colleges worldwide. From tuition-dependent institutions in the United States to government-subsidized models in Europe and Asia, the authors highlight the socio-economic and political factors influencing education policies. The text examines how these diverse systems impact access to education, student debt, and institutional sustainability, providing an in-depth look at how nations prioritize education funding in competitive global markets.
The Economics of Higher Education: Financing Higher Education in a Global Market evaluates the economic pressures faced by institutions in different regions, discussing the growing reliance on tuition revenue, private funding, and public investments. It sheds light on the challenges of balancing quality education with financial sustainability, analyzing trends such as international student enrollments, public-private partnerships, and research funding initiatives. The authors emphasize the implications of these trends on academic excellence and innovation in higher education.
Impact of Funding Policies on Accessibility and Equity: This work explores the relationship between funding mechanisms and educational equity. By comparing the effects of merit-based versus need-based aid, loan programs, and scholarships, it discusses how financial policies influence student access and retention. The editors critically analyze models that promote social mobility and those that exacerbate inequality, offering insights into designing inclusive funding systems that empower underserved communities.
Innovative Solutions in Education Financing: Highlighting global case studies, this book explores creative approaches to funding challenges. It examines the rise of income-share agreements, corporate sponsorships, and alumni contributions as alternatives to traditional financing. Additionally, the text discusses how technology, such as online learning platforms and digital resources, offers cost-effective solutions to expand access while maintaining educational quality.
A Resource for Administrators and Policymakers: Financing Higher Education in a Global Market is an essential resource for college administrators, policymakers, researchers, and anyone interested in the economics of higher education. By offering a balanced and evidence-based perspective, it equips readers with the knowledge to address funding challenges, design effective policies, and adapt to the dynamic needs of the global education market.
This book not only informs but also inspires critical thinking about the future of higher education funding, emphasizing the importance of creating sustainable, accessible, and equitable systems for learners worldwide. Whether you are an educator, student, or policymaker, this text offers valuable insights into the financial foundations of academia.
Editorial Reviews
About the Author
Mark A. Kretovics is Assistant Professor of Higher Education Administration and coordinator of the master s degree in Higher Education at the Graduate School and College of Education, Kent State University. His current research interests include the application of business strategies to higher education institutional management, learning organizations, organizational politics, outcomes assessment, distance education, and compressed course teaching. He received his Ph.D. from Colorado State University and also holds an MBA and an MS in Counseling.
Daniel W. Lang is Professor at Division of Management, the Ontario Institute for Studies in Education of the University of Toronto (OISE/UT). Prior to taking up an appointment at OISE/UT, Professor Lang was Vice Provost (Planning and Budget) at the University of Toronto, where he also held the positions of University Registrar, Vice President, Computing and Communications, and Senior Policy Advisor to the President. In addition to his appointment at OISE/UT, Mr. Lang holds an appointment in the Division of Management and Economics at the University of Toronto-Scarborough. He is Chair of the council of Ontario Universities Committee on Accountability. He is also Head Coach of the University Toronto Varsity Blues baseball team. Professor Lang s current research interests include finance, management, budgeting, planning, system organization and policy, inter-institutional planning and cooperation, accountability and performance indicators, and history. Dr. Lang received his doctorate from the University of Toronto.
Elsa Hackl is currently a Professor in the Department of Political Science of Vienna University. She holds a Master’s Degree in Law and a Doctoral Degree in Politics. Dr. Hackl has worked as a civil servant in a senior position (director at the Austrian Ministry for Education, Research and Culture), was Visiting Fellow at the University of British Columbia, Canada and at the European University Institute, Florence, continues to work as an expert for OECD, the Council of Europe and Salzburg Seminar. Her current research interests include Education policy, Europeanisation /internationalization, public administration.
Steve O. Michael is Professor of Higher Education Administration and Vice Provost for University Diversity and Academic Initiatives at Kent State University. Prior to his current position, he held the positions of Interim Associate Dean of Education, Director of the Center for International and Intercultural Education, and Coordinator of the Higher Education Administration Doctoral Program. His research interest includes the application of business strategies to institutional management, higher education finance, diversity in higher education, academic program reviews and discontinuation, internationalization of higher education, and marketing of education. Dr. Michael was a British Commonwealth Scholar and the first recipient of the Sheffield Award for the best article published in the Canadian Journal of Higher Education (1992). He was also an American Council on Education (ACE) Fellow under President Jared Cohon of Carnegie Mellon University, Vice Chancellor Vandelinde of University of Bath, and Vice Chancellor David Rhind of the City University of London in 2000-2001. Dr. Michael received his doctorate from University of Alberta, Canada.
Hans Pechar is an associate professor at the Faculty for Interdisciplinary Studies (IFF), University of Klagenfurt, Austria, and head of the department for Higher Education Research. His research topics are comparative higher educatio
