Abstract:
Using private funds to finance higher education is on the rise globally. In “The Global State of Higher Education and the Rise of Private Finance,” the Institute for Higher Education Policy (IHEP) examines why private finance has grown at such unprecedented rates both here and abroad. Even in socialized countries, where higher education historically has been supported by public government funds, private finance has been growing to fill the gap between public funding and rising tuition. Examining how private financing is progressing in other countries provides us with an opportunity to re-examine our own public-private partnerships in higher education. While the debate over private financing usually boils down to savings to taxpayers vs. savings to borrowers, there are broader, more comprehensive benefits and costs to using private financing that must be considered.
The full article was originally published in NASFAA’s Today’s News on 09/19/2007.
