Possible Uses of Vouchers in Higher Education Presentation by Arthur M. Hauptman Financing Reforms for Tertiary Education in the Knowledge Economy Seoul, Korea 6-8 April 2005 Vouchers as a public policy tool
Presentation by Arthur M. Hauptman
Financing Reforms for Tertiary Education in the Knowledge Economy
6-8 April 2005
Do vouchers cover the full cost of education, or will tuition fees be used to pay some of the costs?
Do vouchers cover the full public cost of higher education, or is there a mix between supply side and demand side approaches?
Are vouchers available to all students, or only to specific groups of students?
Are the vouchers the same amount for all students, or do students from disadvantaged families receive more?
Are students at private institutions eligible to use the vouchers, or are they restricted to those at public institutions?
How are seats allocated to voucher holders at institutions that are oversubscribed?
Negotiated budgets - government and institutional officials negotiate over the amount of funding
Formula funding - now the most frequent type of financing mechanism, funding formulas range from those based on inputs such as staff costs to ones which are based on performance measures
Demand side vouchers - represent the most demand-oriented, market-based way of paying for recurrent expenses
As with demand side vouchers, there are relatively few examples in which supply side vouchers have been implemented or even seriously proposed