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.

Financing of Higher Education: An Introduction

Financing of higher education: An introduction
N. V. Varghese Jinusha Panigrahi


This century experienced one of the fastest reductions in out-of-school children, a leap in enrolment at all levels of education, especially in less developed countries, reduced dropout rates, improved gender parity, retention rates and stage transition ratios. The higher education sector, too, experienced unprecedented progress resulting from the accelerated rates of growth in the sector in this century. The pace of progress has accelerated in education resulting from the benefits gained from the increased investment in education following the reaffirmation of the Education for All (EFA) goals and the millennium development goals (Steer & Smith, 2015). Public investment by national governments and ...

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