The cost of higher education (HE) continues to grow at an unsustainable rate in many country contexts, including in East Asia. With recent and projected HE growth in this region, HE administrators are increasingly faced with how best to provide cost-effective delivery while at the same time addressing how to meet workforce demands of increased quality, accountability, and international standards of excellence. In this article, we examine good and best practices of HE finance models in China, Hong Kong, and Taiwan. A primary objective of this article is to highlight a select number of exemplary models of HE financing that can reduce or at least help level off this unsustainable trend. We conclude with recommendations to assist policy makers, government planners, and HE administrators in their attempts to meet the financial challenges of today and in the future.
Bibliographical noteAn earlier draft of this paper was produced for Lumina Foundation as part of the Global Trends in Higher Education Financing Project by the University of Pittsburgh Institute for International Studies in Education. The views expressed in this publication are those of the authors and do not necessarily represent those of Lumina Foundation, its officers, or employees.
- Higher Education
- Hong Kong