UNIVERSITIES FINANCING POLICY ISSUES

Abstract

University autonomy represented an additional argument against government interference in university education. From academic perspective, the diversification of funding sources and the introduction of changes in the funding mechanism represented positive factors in the evolution of higher education. It is obvious that most of the problems associated with underfunding of higher education are relevant because it affects the quality of education and overall performance of universities. Since the training costs per capita in the higher education system were the lowest compared with the same indicator in relation to vocational schools and colleges in the period of 2005 – 2009, it is clear that underfunding is real and requires necessary measures to be taken to remedy the situation