Financing Higher Education Worldwide: Who Pays? Who Should Pay?

No issue in higher education is as salient, or as controversial, as finance. As demand for higher education around the world grows, so do the costs associated with it, especially as governments shoulder less of the burden. Tuition fees rise and student loan debt grows. Who pays for these surging costs? Who should pay?

D. Bruce Johnstone and Pamela N. Marcucci examine the universal phenomenon of cost—sharing in higher education—where financial responsibility shifts from governments and taxpa...