Higher education has become the demand of today’s life. It has become highly expensive to run the universities nowadays. Tax-payers' money is utilized in some countries to meet the demands, but, at the same time, this is not enough to sustain the quality. This essay will discuss the two more options, which can help in financing the teaching institutes in the future.
The non-governmental organizations play an important role in any country’s economy. Firstly, they care a lot about education and can help a great deal in funding for the university's operations, in one way or another. In addition, they can provide students’ with a scholarship, which can cut down the cost for the institute. For example, more than 50 percent of Dow University’s budget is funded by an NGO. Therefore, these organizations can reduce the pressure on the governments.
On the other hand, increasing the fees every year can also help the universities rely less on the taxation money. There are increasing numbers of students who attend these institutes nowadays, and raising the fees by a few percent every year can assist them in running their operations in the future. To illustrate, the Aga Khan University increases their annual fees by 10 percent every year. Hence, making the beneficiaries, their trainees, pay for their college is one way of running the business.
In conclusion, being increasingly expensive to operate, universities in some countries are funded by the money from taxation, which, however, is not enough to maintain the standard. In my opinion, teaching colleges can be funded by charitable organizations and students, in terms of increased fee.
Higher education has become the demand of
today
’s life. It has become
highly
expensive to run the
universities
nowadays. Tax-payers' money
is utilized
in
some
countries to
meet
the demands,
but
, at the same time, this is not
enough
to sustain the quality. This essay will discuss the two more options, which can
help
in financing the teaching institutes in the future.
The non-governmental organizations play an
important
role in any country’s economy.
Firstly
, they care a lot about education and can
help
a great deal in funding for the university's operations, in one way or another.
In addition
, they can provide students’ with a scholarship, which can
cut
down the cost for the institute.
For example
, more than 50 percent of Dow
University’s
budget
is funded
by an NGO.
Therefore
, these organizations can
reduce
the pressure on the
governments
.
On the other hand
, increasing the
fees
every year can
also
help
the
universities
rely less on the taxation money. There are increasing numbers of students who attend these institutes nowadays, and raising the
fees
by a few percent every year can assist them in running their operations in the future. To illustrate, the
Aga
Khan
University
increases their annual
fees
by 10 percent every year.
Hence
, making the beneficiaries, their trainees, pay for their college is one way of running the business.
In conclusion
, being
increasingly
expensive to operate,
universities
in
some
countries
are funded
by the money from taxation, which,
however
, is not
enough
to maintain the standard. In my opinion, teaching colleges can
be funded
by charitable organizations and students, in terms of increased
fee
.