Financing Higher Education Across The World Essay

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Financing Higher Education Worldwide

Scott Jaschik (2010) wrote an article for Inside Higher Ed concerning Financing Higher Education around the world. In the article, he questioned D. Bruce Johnson and Pamela Mariucci questions concerning their book titled Financing Higher Education Worldwide. There are many differences between how the United States finances higher education than the rest of the world. One difference is the United States has a private-nonprofit sector that is financed by large tuition rates and philanthropy that is not matched by any other country. Another difference, the United States also relies heavily on tuition fees, while some countries (especially in Europe) offer either low or no tuition. A final difference, in some countries, students are responsible for their own tuition fees instead of the responsibility being placed on the parents. The article also mentions that worldwide, there are over 100 different loan plans because more and more countries are using them to help pay for higher education. Not only are more countries switching to student loans, but also they are switching to income-contingent loans, which bases repayment on how much money a student makes.
The major difference that really stood out to me was the fact that European Countries are not allowed to charge different fees to students from other European countries. There are no out-of-state tuition fees. Even though it would probably never pass, I wish we would do the same…

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