Funding Higher Education - PDF
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Added on 2021-04-21
Funding Higher Education - PDF
Added on 2021-04-21
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FUNDING HIGHEREDUCATION
Table of ContentsIntroduction:...............................................................................................................................................1Tuition fees funded by general taxation:.................................................................................................1Tuition fees funded by a graduate tax:....................................................................................................1Tuition fees funded by student loans:.....................................................................................................1Comparison of the advantages and disadvantages of the funding options.................................................2Conclusion and recommendations..............................................................................................................4References:..................................................................................................................................................5Introduction:Tuition fees were introduced in UK in the year of 1988. Labour government of the nation hasinitiated the step to introduce such and develop tuition fees as the way of funding the educationof the undergraduate and postgraduate certificate students. This has become the great topic ofdiscussion and raising so many issues in the education system (Marcucci and Johnstone, 2007).Earlier, the large amount of money that goes to the universities in terms of tuition fees comesfrom tax payers but these days most of the part of tuition fees that is given to the universitiescomes from the students. This in turn, makes the education so expensive in UK. This requireslearning more about the various ways of funding.Description of the three different funding optionsTuition fees funded by general taxation: It is the type of tuition fee that has paid by every individual in the nation as the general tax. It hasbeen analysed that Tuition fee was paid by general taxation in the in UK although 48% of theyoung people can get the higher education (Dearden, Fitzsimons and Wyness, 2011). Most of thefunding universities has criticised this form of funding the tuition fees because it is increasing thetax for poor who are not even getting the benefits of the same. Tuition fees funded by a graduate tax:This is the type of funding that suggests that the graduates have to pay the tax for their education.During the tie of 2015, the new system of tuition system have been introduced that suggests that
the graduate would start paying the cost of their tuition fee when they start doing any job or startearning that can be in the form of income tax (Greenaway and Haynes, 2003). This was criticizedbecause it was not possible to recover money from the international students who return to theirhome after education. Tuition fees funded by student loans:In this type of funding, the students take the loans for their education and pay the tuition fee.Sometimes, the loan that has been granted to the students is not enough to pay the whole tuitionfee and thus students have to take alternative loans or pay the rest of the money by themselves(Wakeling and Jefferies, 2013). Comparison of the advantages and disadvantages of the funding optionsType of funding Advantages Disadvantages By general taxation The major advantage of thisscheme is that general taxationresults in equal distribution ofthe tuition fee for the students inthe overall nation (Bradley andMigali, 2015). It has been analysed that thisalso attracts more and moreinternational students to comeand study in UK as the tuitionfee that needs to be paid by thestudents is comparatively verylow because the part of it is paidby the general public as the tax.It motivates every person to takeeducation and move ahead astheir parents are paying tax forAs discussed, it has been analysedthat this taxation system is not fairfrom the perspective of the poorpeople as only 48% of the totalyoung people get the highereducation and the percentage ofpoor people is very low in that
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