Higher Education Financing: A Proposed Model for Turkey

Abstract

This study proposes a financial model to finance the education and living expenses of students of higher education. The financing system for higher education employed in the United States and Englandin the previous years has a strong poweras it has increased the quantityof students' registrations while supporting the research budgets of universities. This has ultimately become a driving force for the American and British economies. The proposed financing model in this study is based on the philosophy of "win-win". The model offers ways for the better use of scarce financial resources, promotes faster and more qualified growth of the universities, and, eventually, formsa basis for sustainable economic growth the country. (C) 2013 The Authors. Published by Elsevier Ltd.