The institutional framework for the funding of higher education in the United Kingdom is discussed. In England, much of the financial support for teaching and learning, especially of 'home and European Union' undergraduates, is channelled through the Higher Education Funding Council for England (HEFCE). The HEFCE operates a formula funding mechanism, although in the wake of recent policy reforms - which include the introduction of differential tuition fees - this is likely to change. Some simple economic models of funding mechanisms that may be suitable for application in this context are constructed and evaluated. Implications for the design of future policies are discussed.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Publisher Info
Article provided by Taylor and Francis Journals in its journal Education Economics.
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.: