The Finance of Higher Education: Theory, Research, and Policy / Edition 1

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More About This Textbook


Offering an overview of governmental and institutional policies and practices, this book outlines the prominent theories and major areas of research in the field of higher education finance. Among the theoretical perspectives explicated are human capital theory, public sector economics, microeconomic theories of cost and productivity, and the price theory of microeconomics. Together, the 15 chapters provide policymakers a framework for analysis. Contributors include economists, social scientists, policy analysts, and university administrators. Annotation c. Book News, Inc., Portland, OR (
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Product Details

  • ISBN-13: 9780875861357
  • Publisher: Algora Publishing
  • Publication date: 11/1/2001
  • Series: Higher Education
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 600
  • Product dimensions: 7.30 (w) x 9.60 (h) x 1.20 (d)

Table of Contents

The Contributors viii
Introduction 1
Part I The Revenues, Expenditures, Costs and Affordability of Higher Education 9
1. Trends in Revenues and Expenditures for Public and Private Higher Education 11
2. College Education: Who Can Afford It? 39
Part II Economic Theories and the Finance of Higher Education 53
3. The Economics of Human Capital and Investment in Higher Education 55
4. The Economics of the Public Sector: The Nature and Role of Public Policy in the Finance of Higher Education 95
5. Costs and Productivity in Higher Education: Theory, Evidence and Policy Implication 133
Epilogue 189
6. Economic Perspectives on Rising College Tuition: A Theoretical and Empirical Exploration 193
Epilogue 258
Part III Federal and State Policies and the Finance of Higher Education 265
7. The Paradox of Growth in Federal Aid for College Students, 1960-1990 267
Epilogue 316
8. State Efforts to Keep Public Colleges Affordable in the Face of Fiscal Stress 321
Epilogue 350
9. State Policy and Private Higher Education 396
Epilogue 412
Part IV Topics in the Finance of Higher Education 417
10. The Role of Finances in Student Choice: A Review of Theory and Research 419
11. Access to Postsecondary Education: Financing Equity in an Evolving Context 439
12. Financing Private Colleges and Universities: The Role of Tuition Discounting 461
13. Financing Community Colleges for a New Century 480
14. College and University Budgeting: What Do We Know? What Do We Need to Know? 501
Epilogue 534
Part V The Finance of Higher Education in the Twenty-First Century 543
15. The Finance of Higher Education: Implications for Theory, Research, Policy and Practice 545
Author Index 569
Subject Index 578
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