Higher education could be funded in three ways. All costs paid by government, all costs paid by students or students paying all costs through a government loan. What are the advantages of these choices?

Since

university

funding benefits

both

university

students and

society

as a whole, all parties should bear some of the

cost

of educations.

students

Suggestion

Students

gain

both

personal and economic benefits

by

Suggestion

of

attending

university

;

however

,

society

also

benefits by having a more educated population.

In addition

, it is important that all members of

society

have the opportunity to attend

university

regardless of wealth. In

this

essay the various models of funding for

university

places will be discussed. There is little doubt that people who attend

university

usually benefit through higher salaries and greater opportunities. It is

therefore

reasonable that

society

expects students to make some contribution to the

cost

of their

education

.

However

, expecting students to fully fund their own

education

may cause students to avoid courses that lead to less well-paying jobs

such

as the sciences, nursing and teaching.

Society

as a whole

also

benefits from having a more educated community and should support people who make an effort to become educated. It is

therefore

reasonable that governments

also

provide money for

university

places, particularly when the

cost

of doing a course or the return

for

Suggestion

of

students discourages them from completing a course

that is

needed by

society

. The funding model

that is

used for

university

placements is

also

very important as governments have a responsibility to provide an opportunity for all members of

society

to attend

university

. Deferred repayment of fees through low

cost

loans and the partial subsidising of

university

courses by

government

Suggestion

the government

are effective methods of ensuring fairer access to

university

education

since they allow people to pay for their

education

when they are better able to afford to. In summary,

university

education

benefits

both

individuals and

society

and

both

governments and individuals who receive a

university

education

should make a contribution to the costs of tertiary

education

.

In addition

, it is important that appropriate loan schemes are in place to ensure that access to

university

is available to all members of

society

.