EUROPEAN STRATEGIES OF HIGHER EDUCATION FUNDING

Author:

Verbytska Anna, Chernihiv National University of Technology (95 Shevchenka Str., Chernihiv, Ukraine).

Language: english

Annotation:

The article highlights the European funding strategies of higher education. The financial autonomy of higher educational establishments as the most efficient academic instruments for the implementation of their purposes has been considered. The article proves that the implementation of strategic growth plans by the universities may influence on the amount of public funding. Public funding of higher education that is performed in two ways: main funding and competitive funding as the dominative mechanism of higher education funding has been studied.

Key words:

higher education; financial strategy; public funding; financial autonomy; funding formulas

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