Funding Systems In State Universities

Inadequate state subsidy, and purely monetary interpretation of the private social rates of return from state Universities combined with the view that not all beneficiaries of public subsidies are students from poor background has led to a situation where there is a demand that the beneficiaries, that is parents and students be made to share the cost of providing University education. Furthermore, the need for cost effectiveness and supplementary income to argument public subsidy also pushed universities to devise cost sharing, cost cutting and revenue generation schemes.The economic downturn changed the funding systems in state universities with some being quick to adopt while slow ones continued to struggle.The pain on parents and students also led to acceptance of reality