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. Linking Words
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. Linking Words
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. Linking Words
In addition
, they can provide students’ with a scholarship, which can cut down the cost for the institute. Linking Words
For example
, more than 50 percent of Dow University’s budget is funded by an NGO. Linking Words
Therefore
, these organizations can reduce the pressure on the governments.
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On the other hand
, increasing the fees every year can Linking Words
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. Linking Words
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, Linking Words
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.Linking Words
dr.vikash.talib