Formula Funding, Higher Education

  • Ben Jongbloed
Living reference work entry
DOI: https://doi.org/10.1007/978-94-017-9553-1_65-1

Synonyms

Definition

Formula funding is the result of applying a mathematical formula to decide on the allocation of resources to higher education institutions. The formula normally includes criteria that relate to institutional size (e.g., number of enrolments) as well as unit costs (e.g., a normative allocation per student). In some cases, the formula includes measures of institutional performance (e.g., degree completions or research quality).

Overview

When it comes to higher education, the strategies and approaches for costing, financing, and budgeting are always very much in the spotlight, because the higher education sector has grown immensely during recent decades – both in terms of student numbers and resources. The resourcing of a mass higher education sector by public authorities is a critical issue – not just in terms of the size of the budget involved, but also in terms of the methods that will have to be used for...
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References

  1. Eurydice. 2000. Two decades of reform in higher education in Europe: 1980 onwards. European Commission (DG Education and Culture). Available from http://www.eurydice.org/.
  2. Lasher, William, and Deborah Greene. 1993. College and university budgeting: What do we know? What do we need to know? In Higher education: Handbook of theory and research, Vol. IX, ed. John Smart, 428–469, New York: Agathon Press.Google Scholar
  3. Hillman, Nicholas, David Tandberg, and Alisa Fryar. 2015. Evaluating the impacts of “new” performance funding in higher education. Educational Evaluation and Policy Analysis 37: 501–519.CrossRefGoogle Scholar
  4. Jongbloed, Ben, and Hans Vossensteyn. 2001. Keeping up performances: An international survey of performance-based funding in higher education. Journal of Higher Education Policy and Management 23: 127–145.CrossRefGoogle Scholar
  5. Jongbloed, Ben, and Hans Vossensteyn. 2016. University funding and student funding: International comparisons. Oxford Review of Economic Policy 32: 576–595.CrossRefGoogle Scholar
  6. McKeown-Moak, Mary. 1999. Higher education funding formulas. New Directions for Higher Education No. 107, fall: 99–107, San Francisco, Jossey-Bass.Google Scholar

Copyright information

© Springer Science+Business Media Dordrecht 2018

Authors and Affiliations

  1. 1.Center for Higher Education Policy Studies (CHEPS)University of TwenteEnschedeNetherlands

Section editors and affiliations

  • Pedro Nuno Teixeira
    • 1
  1. 1.Director CIPESMatosinhosPortugal