Financing and Cost Recovery in Higher Education: A Study with Special Reference to Private Colleges in Andhra Pradesh
Finance India, Vol. 16, No. 2, pp. 662-666, 2002
Posted: 13 Jan 2009
Date Written: June 20, 2002
Education is the corner stone of economic and social development. It plays a significant role in economic development and higher education contributes to human resource development in many ways. Thus investment in higher education can be a key contributor to country's economic growth. The study is based on both the primary as well as on the secondary data. The secondary data are collected from Education India - MHRD, Reports of University Grants Commission, Andhra Pradesh Four Decades of Development, and the reports of the Directorate of Economics and Statistics from 1956-57 to 1998, various Budgetary Reports of Government of Andhra Pradesh. The primary data are collected from a sample of 30 colleges, and these colleges - six private aided and 24 private unaided. The detailed proforma was distributed to all these selected colleges to collect the required data. The paper analyzes financing pattern of higher education in India and sheds a light on the Andhra Pradesh higher education. It provides implications for the policy purposes.
Keywords: Financing and costs of Higher education, India, Andhra Pradesh, Private education, Economic growth
JEL Classification: A23, I21, I23, I28, H52
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