ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Exploring Alternative Sources of Financing Higher Education

Higher education holds the key to "inclusive growth" and to lead in the world of knowledge production. The mode of financing higher education is crucial for understanding how higher education is provided to society and at what price. Despite recent increases in budgetary allocation for higher education, the importance of exploring alternative sources of financing higher education remains. This paper reviews literature on government intervention in education and discusses the pros and cons of some alternative sources of financing higher education from the point of view of social justice and efficiency in allocation of resources. It argues that keeping in mind India's imperatives, the government has to continue to play a leading role in the provision of higher education. Among the measures suggested, fee enhancement and education loans are of limited significance in a country like India.

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