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.

Scholarship Schemes for Student Financing

Scholarship schemes for student financing
M. R. Narayana


Student-based financing of higher education (or post-secondary education) is composed of scholarship schemes, student loans, fee reimbursement schemes (FRSs), special schemes for disadvantaged and financial assistance to minorities. Scholarship is a merit-based and means-tested financial incentive for currently enrolled students in the higher education system. The scholarship schemes aim at recognizing, rewarding and encouraging the outstanding academic performers in prescribed examinations and offer financial support to eligible individual students to pursue higher education in and outside the country. Utilization of a scholarship amount is fungible between instructional and non-instructional purposes (e.g., out-of-pocket expenditure). Thus, scholarship schemes are distinguishable elements in the student support system and important instruments to ...

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