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Formula Funding, Higher Education

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Encyclopedia of International Higher Education Systems and Institutions

Synonyms

Budgeting; Funding decisions; Resource allocation

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

  • 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/.

  • 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.

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  • 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.

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  • 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.

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  • Jongbloed, Ben, and Hans Vossensteyn. 2016. University funding and student funding: International comparisons. Oxford Review of Economic Policy 32: 576–595.

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  • McKeown-Moak, Mary. 1999. Higher education funding formulas. New Directions for Higher Education No. 107, fall: 99–107, San Francisco, Jossey-Bass.

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Author information

Authors and Affiliations

  1. Center for Higher Education Policy Studies (CHEPS), University of Twente, Enschede, Netherlands

    Ben Jongbloed

Authors
  1. Ben Jongbloed
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Corresponding author

Correspondence to Ben Jongbloed .

Section Editor information

  1. Director CIPES, Matosinhos, Portugal

    Pedro Nuno Teixeira

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© 2018 Springer Science+Business Media Dordrecht

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Jongbloed, B. (2018). Formula Funding, Higher Education. In: Encyclopedia of International Higher Education Systems and Institutions. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-9553-1_65-1

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  • DOI: https://doi.org/10.1007/978-94-017-9553-1_65-1

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  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-017-9553-1

  • Online ISBN: 978-94-017-9553-1

  • eBook Packages: Springer Reference EducationReference Module Humanities and Social SciencesReference Module Education

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