The financing of universities

Higher Education as a quality public service with strong social commitment is a necessary condition for inclusive sustainable development of nations. Although history demonstrates this certainty over time and across the nations, higher education is at a crossroads. On the one hand, world development is led by the so called knowledge society and nations, as well as individuals need to face it with quality higher education. This helps to explain the unprecedented expansion of higher education systems worldwide. But on the other hand, most countries and societies in the world have not been able to match than expansion with sufficient financial resources.