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Regulating financial stability in higher education

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Release : 2011-03-04
Genre : Education
Kind : eBook
Book Rating : 535/5 ( reviews)

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Book Synopsis Regulating financial stability in higher education by : Great Britain: National Audit Office

Download or read book Regulating financial stability in higher education written by Great Britain: National Audit Office. This book was released on 2011-03-04. Available in PDF, EPUB and Kindle. Book excerpt: The Higher Education Funding Council for England, the funder and regulator of the higher education sector, has overseen the financial sustainability of the sector through a period of growth in income and student numbers. It has taken a cost-efficient approach and delivered value for money in the context in which it has operated to date. However, the sector is facing a period of transition to a very different financial environment with an increased level of risk. The Council has contained the cost of its own regulatory activities and minimised the burden of its activities on higher education institutions. It has focused on supporting those institutions at highest risk, whilst managing to maintain the confidence of the sector. There is a wide variation in the financial performance of institutions. The Council's current assessment of financial sustainability of institutions provides effective coverage of medium-term risks but methods of detecting short term risks need reinforcing. The Council does not routinely publish its assessments of individual institutions as part of its annual assessment of risk within the sector, and delays its naming of "at higher risk" institutions by at least three years to give them time to rectify their problems. Even so, some institutions in difficulty can take a long time to resolve their weaknesses. But the Council needs to consider the balance between protecting institutions and their students and enabling prospective students to take more informed decisions on where to study.

Regulating financial stability in higher education

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Release : 2011-06-07
Genre : Education
Kind : eBook
Book Rating : 920/5 ( reviews)

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Book Synopsis Regulating financial stability in higher education by : Great Britain: Parliament: House of Commons: Committee of Public Accounts

Download or read book Regulating financial stability in higher education written by Great Britain: Parliament: House of Commons: Committee of Public Accounts. This book was released on 2011-06-07. Available in PDF, EPUB and Kindle. Book excerpt: Over the last five years student numbers and income have grown annually by 2 per cent and 6 per cent respectively. As the sector has begun the transition to a new system of funding in which Funding Council grants to institutions will be replaced by higher tuition fees the Higher Education Funding Council's role in the allocation of funds & influence will diminish. The Department for Education will need to provide new powers for the Funding Council to regulate these institutions and the Funding Council must monitor risks as they emerge and respond quickly. All the indications are that more institutions will charge significantly higher fees than was anticipated by the Department. The Office for Fair Access has yet to agree the measures universities will adopt to widen participation where the proposed fees are above the £6000 level. However it is likely that a significant funding gap of hundreds of millions of pounds for the taxpayer will occur. The Funding Council also has a responsibility for promoting value for money, although it does not assess the value for money of institutions. In future, prospective students will need better information to make an informed choice about where they will study, including comparable information on the financial health of, and value for money provided by, individual institutions. The Funding Council does not normally publish the names of institutions it judges to be at financial risk, so as to protect them while they are in recovery. Now that students are required to make a substantial financial investment in their degree, the Funding Council needs to strike a suitable balance between the interests of institutions and those of prospective students

Regulating Financial Sustainability in Higher Education

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Author :
Release : 2011
Genre : Education, Higher
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Regulating Financial Sustainability in Higher Education by : Great Britain. Parliament House of Commons. Committee of Public Accounts

Download or read book Regulating Financial Sustainability in Higher Education written by Great Britain. Parliament House of Commons. Committee of Public Accounts. This book was released on 2011. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Sustainability in US Higher Education

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Release : 2016-09-23
Genre : Education
Kind : eBook
Book Rating : 833/5 ( reviews)

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Book Synopsis Financial Sustainability in US Higher Education by : Marcel J. Dumestre

Download or read book Financial Sustainability in US Higher Education written by Marcel J. Dumestre. This book was released on 2016-09-23. Available in PDF, EPUB and Kindle. Book excerpt: This book is a practical approach to insuring financial sustainability of US colleges, presented through the lens of organizational strategic thinking. The book does not simply offer models of how colleges can become financially sustainable in cost cutting, online education, international student recruiting, etc. Rather, it presents a succinct historical perspective of how foundational problems emerged, how some universities transformed themselves, and introduces an organizational strategic thinking process that can be used to develop unique solutions for almost any institution.

Financial Regulations and the Diversification of Funding Sources in Higher Education Institutions

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Release : 2015
Genre :
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Book Synopsis Financial Regulations and the Diversification of Funding Sources in Higher Education Institutions by : Monika Stachowiak-Kudła

Download or read book Financial Regulations and the Diversification of Funding Sources in Higher Education Institutions written by Monika Stachowiak-Kudła. This book was released on 2015. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this paper is to assess the impact of selected financial regulations on the share of private financing in higher education institutions (HEIs). The regulations increasing the stability of financing should be preferred by countries reducing the stable part of budgetary funds because their use can mitigate lower amount of available public funds and increase the private-source-financing at the expense of public-source financing. When universities have the right to utilize their property and freely dispose their assets, we can expect lower diversification and more public-origin financing. The predictions are based on the model tightly related to the portfolio theory of Markowitz, where risk-averse management of HEIs minimize the variance of the amount of available funds. These hypotheses are verified econometrically on data from 17 EU countries - members of OECD. The analysis covers the generalized linear model which explains the impact of selected financial regulations on the private financing of tertiary level education. The components of financial regulations are distinguished upon the investigation of primary legislation acts. Precisely, on the basis of the legal comparative study, we identify four financial regulations whose prevalence can spur the diversification of universities' financing and indirectly improve their financial stability. The estimation results suggest that three components are significant and explain the share of private funding in higher education sector. It should be stressed that two of them positively affect the share of non-public financing, and one is positive but slightly insignificant.

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