This report offers an array of steering mechanisms to help advance South Africa's higher education goals (equity and redress, efficiency, development, and accountability). Building on the experiences of other nations, the paper proposes both base formulas and non-base funding mechanisms that, combined, suggest that such policy-driven steering…

Reviews formula funding in higher education literature, including purpose, historical perspectives, definition and development, characteristics, advantages and disadvantages, and future trends. In light of citizen demands, the formula approach seems the best method to ensure a satisfactory relationship between state government and state…

State-level funding formulas should be changed from enrollment-based to fixed cost-based, using standards such as those of the Association of Research Libraries. Funding linked with programmatic changes encourages quality of the institution and rewards effective library management. (CDD)

New methods of financing higher education used in Australia, the United States, and the United Kingdom are summarized and compared. The paper concludes that while these approaches are designed to improve efficiency, realize specific outcomes, and leverage additional funds from other sources, they may have unanticipated, unintended, and, in some…

The potential for reconciling state formula funding of higher education with institutional planning needs is discussed. It is proposed that states invent a financing mechanism that funds a fair share of the strategic aims of each public college and university, yet allows the state to invest in a few priorities. New Jersey's experiment with such an…

One of the most critical components of the college or university chief financial officer's job is budget planning, especially using formulas. A discussion of funding formulas looks at advantages, disadvantages, and types of formulas used by states in budgeting for higher education, and examines how chief financial officers can position the campus…

This document describes a procedural alternative to current practice predicated on a critical analysis of the literature concerning the funding of public institutions of higher education. The document is partitioned into five sections. The first section describes the development of the formula concept. The next section describes how funding…

This document contains the definitions and elements of institutional cost and funding formulas recommended for Texas public universities, health science centers (nursing faculty salaries only), and public two-year institutions in fiscal years 1998 and 1999. Texas public institutions of higher education will use these formulas to make their…

Discussion of European funding models for higher education looks first at different funding mechanisms used in several countries, with particular attention to formula funding and its increasing use. Institutional responses to differing financial and planning environments are noted, particularly when circumstances produce unwanted outcomes.…

This publication presents excerpts from a literature review on the process of budgeting and assessing financial need requirements for public colleges and universities. Excerpts highlight funding formula approaches used by some states and higher education institutions, linking funding with educational quality, funding formula development and…