In the last few decades, India has experienced several shifts in the policies pertaining to the financing of higher education. These shifts include a move from public financing to keep pace with the expansion requirements of the sector; the strengthening of market forces in higher education both through privatisation of public institutions and operation of private institutions; and a move from the financing of institutions to the financing of students. The Centre for Policy Research in Higher Education (CPRHE) has initiated major research activities to understand how the recent changes have affected the financing of higher education in India and how the higher education institutions cope with and respond to these changes. India Higher Education Report 2018, the fourth volume in the series, presents this study to provide a comprehensive analysis of financing of higher education in India. This book investigates the changing dynamics and related key issues including state–market dynamics, university–industry linkages, foreign aid, institutional strategies to overcome shortages in funding, issues with self-financing courses, educational loans and fee reimbursement schemes, expansion and financing of private higher education.
Chapter 13: Financing of Private Higher Education Institutions in India
Financing of Private Higher Education Institutions in India
The process of development of universities in India is only 160 years old. With the establishment of its first three universities in Bombay, Calcutta and Madras by the British Government in 1857 along the lines of the then London University, an organized system of higher education was introduced and the pace of development of higher education was boosted with setting up of more colleges for enrolling a larger number of students. Higher education in India has grown since Independence and witnessed increase in the institutional capacity. During 1950 and 2016–2017, the number of universities increased from 21 to 864, number of colleges from 700 ...