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How The Government Funds For The Expansion Of Higher Education

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When we talk about expansion of higher education, globalization comes to my mind. In the 21st century higher education has become a competitive place. Universities compete for status and ranking, overall these ranking is done to get governmental funding and even private sources. Globalization impacted the higher education system all around the world. If we look at China, India, Taiwan their economic growth and their expansion of higher education are closely aligned. Governments also lack when it comes to provide financial support for the expansion of higher education system.
Government Funds for Higher Education: United State has been famous for affordability of higher education in the public universities. Yet only 60% of the students …show more content…

State governments now provide the smallest chunk of grants and financial assistance for the education of its citizens. State and Federal government use to pay enough to fund higher education, but in past couple of years the budget for higher education is being affected. The reason for this change in funding for education could be the slow revenue growth. The recession period affected so many things and prices got sky high like Medical insurance premiums, corrections system, K-12 education …show more content…

Pell grants has been increased from 2007 to 2013, and it covers the major part of financial aid assistance provided to students. If we look at the number of Pell grants it has been increased from $16 billion to $33 billion. It helped Educational institutes to get larger amount of student enrollments. For each student average Federal financial aid grant rose to 24 percent - ($3704 from $2975). The federal aid provided help by these funds to students and families to pay for these tuition hikes, yet state budget cuts the higher education funds. These are the spending categories by level of

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