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Explore comprehensive insights into higher education finance policies, theories, and practices with this essential volume.
The Finance of Higher Education: Theory, Research, Policy, and Practice is a pivotal addition to the academic literature in the field of higher education finance. Edited by renowned scholars Michael B. Paulsen and John C. Smart, this comprehensive volume provides an in-depth examination of the essential policies, practices, theories, and areas of research that define the finance of higher education.
One of the unique aspects of this volume is its systematic presentation of key theories and models from the policy science of economics, which have been extensively applied to the study of higher education finance. The book consists of fifteen chapters, nine of which were specifically written for this volume, while six chapters have been reprinted from various editions of the Higher Education: Handbook of Theory and Finance series. Each reprinted chapter includes an updating epilogue authored by the original writers, ensuring that the content remains relevant and insightful.
Each chapter addresses a particular perspective in higher education finance. Some of the core theories presented include human capital theory, public sector economics, and microeconomic theories concerning cost and productivity. These frameworks are crucial for understanding how financial resources impact educational institutions and student outcomes.
| Topics Addressed | Description |
|---|---|
| Affordability of College Attendance | Analysis of how affordable higher education is for students based on various circumstances. |
| Trends in Revenues and Expenditures | A detailed overview of the financial dynamics within public and private colleges and universities. |
| Federal, State, and Institutional Policies | Examinations of how these policies affect higher education finance and student participation. |
| Student-Choice Construct | Framework for understanding how financial policies influence student enrollment decisions. |
| Socioeconomic Status Effects | Impact of financial policies on aspirations and participation of students from different backgrounds. |
| Community and Technical Colleges | Insights into the unique financial structures and challenges faced by these institutions. |
| Tuition Discounting Analytics | Innovative examination of how private colleges use tuition discounting strategies to meet enrollment targets. |
A groundbreaking chapter authored by David W. Breneman, James L. Doti, and Lucie Lapovsky delves into the analytics of tuition discounting. This chapter is particularly significant as it presents a new model for understanding how private colleges and universities can achieve their enrollment goals through strategic pricing and financial aid practices. The authors’ research offers a fresh perspective on the relationship between tuition rates, enrollment figures, and the composition of student bodies, fundamentally reshaping our understanding of tuition discounting practices.
In summary, the fifteen chapters of this volume collectively provide a robust, analytical framework that can empower policymakers, educators, and researchers involved in the finance of higher education. By synthesizing diverse perspectives and innovative research, this book aims to enhance the understanding of higher education finance and inform sound policy development. It serves as an invaluable resource for anyone looking to navigate the complex landscape of higher education financing.
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