Financing Higher Education Worldwide : Who Pays? Who Should Pay?

No issue in higher education is as salient, or as controversial, as finance. As demand for higher education around the world grows, so do the costs associated with it, especially as governments shoulder less of the burden. Tuition fees rise and student loan debt grows. Who pays for these surging costs? Who should pay?

D. Bruce Johnstone and Pamela N. Marcucci examine the universal phenomenon of cost-sharing in higher education -- where financial responsibility shifts from governments and taxpayers to students and families. They find that growing costs for education far outpace public revenue streams that once supported it. Even with financial aid and scholarships defraying some of these costs, students are responsible for a greater share of the cost of higher education.

Featuring comprehensive economic and policy data, the authors' international comparative approach shows how economically diverse countries all face similar cost-sharing challenges.

So, who should pay for higher education? While cost-sharing is both politically and ideologically debated, Johnstone and Marcucci contend that, for almost all countries, it is imperative for the financial health of colleges and universities, bringing better efficiency, equity, and responsiveness.

Financing Higher Education Worldwide combines sophisticated economic explanations with sensitive political and cultural analyses of the financial pressures facing higher education throughout the world.

‘’This book is a must read for policy-makers, researchers, educationalists, journalists and students of financing higher education worldwide for the theoretical insight and empirical data.’’ -Asha Gupta Journal of Educational Planning and Administration 2010

‘’This is a book full of detail and informed comment that should be read by all who want to understand and be informed about many of the major issues surrounding the financing of higher education in the 21st century.’’-Johns Mace HIGHER EDUCATION REVIEW May/June 2011

‘’This book is a must read for the policy-makers, researchers, educationists, journalists and students of financing higher education worldwide for the theoretical insight and empirical data.’’-Journal of Educational Planning and Administration

‘’A great overview of the financing challenges facing each country's higher education system.’’-John J. Cheslock Journal of Higher Education

D. Bruce Johnstone is SUNY Distinguished Service Professor of Higher and Comparative Education Emeritus at the State University of New York at Buffalo, author of Financing Higher Education: Cost-Sharing in International Perspective, and coeditor of In Defense of American Higher Education, also published by Johns Hopkins. Pamela N. Marucci is project manager of the University at Buffalo's International Comparative Higher Education Finance and Accessibility Project. The Project, directed by Professor Johnstone, is recognized worldwide as a source of descriptive and theoretical studies of tuition fees, financial aid, and student loans.

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