Download or read book Regulating financial stability in higher education written by Great Britain: National Audit Office and published by The Stationery Office. This book was released on 2011-03-04 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Higher Education Funding Council for England, the funder and regulator of the higher education sector, has overseen the financial sustainability of the sector through a period of growth in income and student numbers. It has taken a cost-efficient approach and delivered value for money in the context in which it has operated to date. However, the sector is facing a period of transition to a very different financial environment with an increased level of risk. The Council has contained the cost of its own regulatory activities and minimised the burden of its activities on higher education institutions. It has focused on supporting those institutions at highest risk, whilst managing to maintain the confidence of the sector. There is a wide variation in the financial performance of institutions. The Council's current assessment of financial sustainability of institutions provides effective coverage of medium-term risks but methods of detecting short term risks need reinforcing. The Council does not routinely publish its assessments of individual institutions as part of its annual assessment of risk within the sector, and delays its naming of "at higher risk" institutions by at least three years to give them time to rectify their problems. Even so, some institutions in difficulty can take a long time to resolve their weaknesses. But the Council needs to consider the balance between protecting institutions and their students and enabling prospective students to take more informed decisions on where to study.

Download or read book Regulating financial stability in higher education written by Great Britain: Parliament: House of Commons: Committee of Public Accounts and published by The Stationery Office. This book was released on 2011-06-07 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Over the last five years student numbers and income have grown annually by 2 per cent and 6 per cent respectively. As the sector has begun the transition to a new system of funding in which Funding Council grants to institutions will be replaced by higher tuition fees the Higher Education Funding Council's role in the allocation of funds & influence will diminish. The Department for Education will need to provide new powers for the Funding Council to regulate these institutions and the Funding Council must monitor risks as they emerge and respond quickly. All the indications are that more institutions will charge significantly higher fees than was anticipated by the Department. The Office for Fair Access has yet to agree the measures universities will adopt to widen participation where the proposed fees are above the £6000 level. However it is likely that a significant funding gap of hundreds of millions of pounds for the taxpayer will occur. The Funding Council also has a responsibility for promoting value for money, although it does not assess the value for money of institutions. In future, prospective students will need better information to make an informed choice about where they will study, including comparable information on the financial health of, and value for money provided by, individual institutions. The Funding Council does not normally publish the names of institutions it judges to be at financial risk, so as to protect them while they are in recovery. Now that students are required to make a substantial financial investment in their degree, the Funding Council needs to strike a suitable balance between the interests of institutions and those of prospective students

Download or read book Regulating Financial Sustainability in Higher Education written by Great Britain. Parliament House of Commons. Committee of Public Accounts and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Regulations and the Diversification of Funding Sources in Higher Education Institutions written by Monika Stachowiak-Kudła and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this paper is to assess the impact of selected financial regulations on the share of private financing in higher education institutions (HEIs). The regulations increasing the stability of financing should be preferred by countries reducing the stable part of budgetary funds because their use can mitigate lower amount of available public funds and increase the private-source-financing at the expense of public-source financing. When universities have the right to utilize their property and freely dispose their assets, we can expect lower diversification and more public-origin financing. The predictions are based on the model tightly related to the portfolio theory of Markowitz, where risk-averse management of HEIs minimize the variance of the amount of available funds. These hypotheses are verified econometrically on data from 17 EU countries - members of OECD. The analysis covers the generalized linear model which explains the impact of selected financial regulations on the private financing of tertiary level education. The components of financial regulations are distinguished upon the investigation of primary legislation acts. Precisely, on the basis of the legal comparative study, we identify four financial regulations whose prevalence can spur the diversification of universities' financing and indirectly improve their financial stability. The estimation results suggest that three components are significant and explain the share of private funding in higher education sector. It should be stressed that two of them positively affect the share of non-public financing, and one is positive but slightly insignificant.

Download or read book Recalibrating Regulation of Colleges and Universities written by United States Government and published by CreateSpace. This book was released on 2015-03-07 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: The federal government's substantial fiscal investment in higher education recognizes that postsecondary education is a linchpin in the nation's social and economic strength. Through that support, the government helps ensure that colleges and universities continue to contribute broadly to the fabric of American society. To ensure prudent stewardship of federal support for higher education, the Department of Education is charged with developing procedures to carry out laws passed by Congress in regard to higher education and with overseeing institutional compliance. Institutions of higher learning recognize the important role regulations play in the oversight of federal investments. Over time, oversight of higher education by the Department of Education has expanded and evolved in ways that undermine the ability of colleges and universities to serve students and accomplish their missions. The compliance problem is exacerbated by the sheer volume of mandates—approximately 2,000 pages of text—and the reality that the Department of Education issues official guidance to amend or clarify its rules at a rate of more than one document per work day. As a result, colleges and universities find themselves enmeshed in a jungle of red tape, facing rules that are often confusing and difficult to comply with. They must allocate resources to compliance that would be better applied to student education, safety, and innovation in instructional delivery. Clearly, a better approach is needed. In 2013, a bipartisan group of U.S. Senators recognized that the pending reauthorization of the Higher Education Act (HEA) creates an opportunity to consider these issues in depth. They established a task force of college and university presidents and chancellors to study federal regulation of higher education broadly and identify potential improvements. Looking at the landscape of regulation of colleges and universities writ large, the Task Force on Federal Regulation of Higher Education identified a number of challenges that are particularly problematic. As described in Section II of this report, we concluded that many rules are unnecessarily voluminous and too often ambiguous, and that the cost of compliance has become unreasonable. Moreover, many regulations are unrelated to education, student safety, or stewardship of federal funds—and others can be a barrier to college access and innovation in education. Based on extensive discussions, consultations with experts, and site visits to campuses, the Task Force identified specific regulations that are of major concern to higher education institutions. Section III details those concerns, which include problematic financial responsibility standards, confusion and inconsistency in reporting requirements for campus crime, overreach in authorization of distance education programs, inefficient rules concerning verification of financial aid eligibility, counterproductive micromanagement of the accreditation process, and policies that result in consumers being inundated with information of questionable value.The Task Force also reviewed the processes by which higher education regulations are developed and implemented, and offers several specific ideas for improvement. Section IV outlines recommendations that include asking the Government Accountability Office to review the Department of Education's methodology for estimating institutional costs of compliance with regulations; the creation of clear “safe harbors” for institutional compliance; the recognition of “good faith” efforts to comply; and several proposals for better practices by the Department.

Download or read book Regulating the Financial Sustainability of Higher Education Providers in England written by Great Britain. National Audit Office and published by . This book was released on 2022 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Higher Education Opportunity Act written by United States and published by . This book was released on 2008 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The College Stress Test written by Robert Zemsky and published by Johns Hopkins University Press. This book was released on 2020-02-25 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: Those interested in and responsible for the fate of these institutions will find in this book a clearly defined set of risk indicators, a methodology for monitoring progress over time, and an evidence-based understanding of where they reside in the landscape of institutional risk.

Download or read book International Finance Regulation written by Georges Ugeux and published by John Wiley & Sons. This book was released on 2014-06-04 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the global market expands, the need for international regulation becomes urgent Since World War II, financial crises have been the result of macroeconomic instability until the fatidic week end of September 15 2008, when Lehman Brothers filed for bankruptcy. The financial system had become the source of its own instability through a combination of greed, lousy underwriting, fake ratings and regulatory negligence. From that date, governments tried to put together a new regulatory framework that would avoid using taxpayer money for bailout of banks. In an uncoordinated effort, they produced a series of vertical regulations that are disconnected from one another. That will not be sufficient to stop finance from being instable and the need for international and horizontal regulation is urgent. This challenge is the focus of Georges Ugeux’s book. International Finance Regulation: The Quest for Financial Stability focuses on the inspirations behind regulation, and examines the risks and consequences of fragmentation on a global scale. Author Georges Ugeux has four decades of experience in the legal and economic aspects of international business operations. He created and run the New York Stock Exchange’sinternational group in charge of developing the NYSE’s reach to non-US companies, including relationships with regulators and governments. Ugeux teaches European Banking and Finance of the Columbia University School of Law. Ugeux is uniquely positioned to provide recommendations and suggestions from the perspective of a top global authority. In the book, he explores international regulation with topics such as: • Laws, regulations, and risks of overregulation • Transformation of the U.S. market and creation of the Eurozone • Development of a global framework and stability of the banking system • In-depth examination of Basel III, the Dodd-Frank Act, the European Banking Union, and the Volcker Rule The book also contains case studies from real-world scenarios like Lehman, CDS, Greece, the London Whale, and Libor to illustrate the concepts presented. Finance consistently operates within an increasingly global paradigm, and an overarching regulation scheme is becoming more and more necessary for sustainable growth. International Finance Regulation: The Quest for Financial Stability presents an argument for collaboration toward a comprehensive global regulation strategy.

Download or read book The Finance of Higher Education written by Michael B. Paulsen and published by Algora Publishing. This book was released on 2001 with total page 603 pages. Available in PDF, EPUB and Kindle. Book excerpt: A wide-ranging examination of the governmental and institutional policies and practices, and essential theories and areas of research that in combination establish the foundation, explore and extend the boundaries, and expand the base of knowledge in the field of higher education finance. (Education)

Download or read book Community College Finance written by Christopher M. Mullin and published by John Wiley & Sons. This book was released on 2015-03-06 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Smart financial management means more students served Community College Finance provides an introduction to best practices for community college leaders and their boards, with guidance on the complex regulations, processes, and considerations surrounding the financial management of these unique institutions. As community colleges continue to increase in importance, this book provides non-technical yet extensive information to guide current and future leaders toward the establishment of effective processes to secure and maintain the funding that is so crucial to the education and future of millions of students nationwide. Readers will gain insight into the background and foundation of community college finance and learn the essentials of practice in today's economic and political climate. The discussion covers student financial aid, tuition, budgeting, and more, and explores the future of federal policy and what it means for the institutions that play such a critical role in the nation's educational system. Over eight million students attend more than a thousand community colleges in the United States today, and those colleges are now facing the retirement of their founding generation of leadership. Meanwhile, the balance between traditional funding sources is shifting as new models and approaches are being implemented, and comprehensive, guiding resources are lacking. This book fills that need with expert insight reflecting current realities and a true understanding of the challenges community colleges face. Readers will: Delve into factors affecting funding and the cost of attendance Develop a budgeting style and process that serves the institution Learn to manage fiscal crises effectively without reducing standards Consider the future of federal policy and how it will affect budgeting At a time when a difficult economy raises questions about the value of higher education, the value that community colleges offer becomes ever more clear. Community College Finance provides the guidance leaders need to help their institutions flourish.

Download or read book The Role of University Governing Boards in Canadian Higher Education written by Dominik Antonowicz and published by Taylor & Francis. This book was released on 2023-11-24 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the historical and social foundations of Canadian higher education and provides a detailed analysis of university boards within this broader context of university governance. By examining rich empirical data from a sociological perspective, it offers unique insights into the role of boards, and the structures and practices that frame their work. It explores board composition, the professional backgrounds of board members, how members perceive their role, and the complex relationships between the board and the university president. The authors also compare and contrast the Canadian experience with governance reforms in Europe and other regions over recent decades. Drawing on multiple theoretical perspectives, the authors provide a nuanced analysis of the role of boards in terms of oversight, protecting university autonomy, representing societal interests, and dealing with increasing complexity and expectations. This innovative, original study makes an enormous contribution to our understanding of the role and work of Canadian university boards, and to international scholarship on higher education governance. It will appeal to scholars and researchers with interests across higher education, international and comparative education, and the sociology of education.

Download or read book Financing American Higher Education in the Era of Globalization written by William Zumeta and published by Harvard Education Press. This book was released on 2021-02-23 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: This ambitious book grows out of the realization that a convergence of economic, demographic, and political forces in the early twenty-first century requires a fundamental reexamination of the financing of American higher education. The authors identify and address basic issues and trends that cut across the sectors of higher education, focusing on such questions as how much higher education the country needs for individual opportunity and for economic viability in the future; how responsibility for paying for it is currently allocated; and how financing higher education should be addressed in the future.

Download or read book Management Flexibility and State Regulation in Higher Education written by and published by . This book was released on 1983 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book HC 504 The Implications of Scottish Independence on Business Higher Education and Research and Postal Services written by Great Britain: Parliament: House of Commons: Business, Innovation and Skills Committee and published by The Stationery Office. This book was released on 2014-08-08 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: A 'Yes' vote for independence will break up the UK single market and in the short-term could leave Scottish businesses uncertain of their position in Europe, says the Business, Innovation and Skills Committee in this report. A protracted Scottish negotiation over EU membership, and the uncertain investment environment arising from a 'Yes' vote, will have a damaging impact on businesses in Scotland, as well as other parts of the UK. The Committee raises serious concerns that a 'Yes' vote may also leave Scotland facing a currency 'limbo' and in the short term unable to join a sterling currency union and without the prospect of adopting the Euro. Also, the Scottish Government's stated intention to renationalise the Royal Mail upon achieving independence is an un-costed aspiration, bereft of any detail of how it is to be paid for or how it would be done. The Committee also fears for the future of the Universal Postal Obligation in an independent Scotland with its continued survival likely to be secured only at significant additional cost. On higher education, the Committee explored the topics of student fees and UK research collaboration. The central plank of the Scottish Government's HE policy, to charge tuition fees to students from other parts of the UK, was likely to be illegal under EU law. The Committee also expressed concerns this policy would result in Scottish universities facing a financial shortfall, given the significant income currently received for non-domiciled UK students.

Download or read book Higher Education Regulations Study written by Advisory Committee on Student Financial Assistance and published by . This book was released on 2011 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the "Higher Education Opportunity Act" of 2008, Congress charged the Advisory Committee on Student Financial Assistance with conducting a review and analysis of regulations affecting higher education to determine the extent to which regulations are overly burdensome and need to be streamlined, improved, or eliminated. Specifically, Congress suggested the Advisory Committee determine which regulations are "duplicative, no longer necessary, inconsistent with other federal regulations, or overly burdensome." Pursuant to this legislative mandate, the Advisory Committee took the following steps: (1) convened two review panels of individuals with relevant experience and knowledge to review the regulations under the "Higher Education Act" (HEA) and make recommendations for streamlining, improvement, or elimination; (2) developed and maintained a website to provide information on HEA regulations, including an area for the community to offer recommendations of regulations in need of streamlining; (3) held two public hearings designed to identify the most burdensome aspects of individual regulations and the overall regulatory system, as well as proposed improvements; (4) designed and conducted an anonymous and confidential web-based survey, which generated over 2,000 responses, to assess the higher education community's perceptions of regulatory burden; (5) specified a set of community-driven perceived problems and proposed solutions for both the individual regulations cited in the study and the overall system of regulation; and (6) validated the perceived problems and proposed solutions with over 100 volunteers from the higher education community. In addition, the Committee conducted numerous meetings, conference calls, and presentations throughout the study to solicit feedback and suggestions on regulatory burden. While extensive, these approaches have limitations, which are outlined in the Conclusions and Recommendations section (pages 47-49). The overarching finding is that the higher education community perceives the regulations under the HEA to be unnecessarily burdensome. More important, the majority view is that the specific regulations cited in the study can be improved without adverse effects on program integrity or student success. This view includes, as well, a strong sense that certain components of the overall, one-size-fits-all system of regulation under the HEA require improvement. Perhaps most important, the majority opinion is that improvements to individual regulations and the system will not only lower regulatory burden without adverse effects, but generate savings that can be used to expand student access and persistence. Based on these findings, the following recommendations are made--one legislative and one regulatory: (1) Congress should direct the Secretary of Education to convene at least two review panels of higher education representatives to provide advice and recommendations on the 15 regulations cited in this report and on the feasibility of alternative approaches to the current system of regulation, including the provision of regulatory relief based on performance indicators. Such panels should be incorporated as routine collaboration during retrospective reviews of regulations; and (2) The Secretary of Education should conduct an immediate review of the 15 regulations cited in this report, including an analysis of the feasibility of implementing the proposed solutions and identifying any adverse effects on program integrity, student success, and cost of compliance. The Advisory Committee strongly supports Executive Order 13563 of January 18, 2011, which states that regulatory systems must be based on the best available science, allow for public participation, and use the most innovative and least burdensome tools for achieving regulatory ends. Applying this philosophy and approach to the regulations under the HEA promises rewards for both institutions and students. Appended are: (1) Profile of Survey Respondents; (2) Profile of Regulations Used In Study; (3) Additional Suggestions of Burdensome Regulations by Survey Respondents; (4) Review Panel #1; (5) Review Panel #2; (6) June 25, 2010 Hearing Panelists; (7) September 30, 2011 Hearing Panelists; (8) Letter from ACSFA Chair and Vice Chair; (9) ACSFA Members; (10) ACSFA Staff; and (11) ACSFA Authorizing Legislation. (Contains 22 tables.) [For related report, "Higher Education Regulations Study: Preliminary Findings," see ED524519.

Download or read book Financial Sustainability in Public Administration written by Manuel Pedro Rodríguez Bolívar and published by Springer. This book was released on 2017-08-10 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the methods used to assess financial sustainability as defined by the International Federation of Accountants (IFAC). Recently, there have been calls to consider sustainability as a fundamental guiding principle in public management. The financial and economic crisis has spurred a demand for greater financial sustainability in public administrations. Although the concept of sustainability has been traditionally associated with three dimensions (environmental, social and economic), this book is focuses on the metrics used to evaluate financial sustainability and explores the concept of financial health. It will be of interest to researchers and academics in the field of financial sustainability.