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Cost recovery for higher education: ...

Lu, Genshu.

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Cost recovery for higher education: A study of undergraduate students' ability and willingness to pay in the Chinese Mainland.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Cost recovery for higher education: A study of undergraduate students' ability and willingness to pay in the Chinese Mainland./
Author:	Lu, Genshu.
Description:	205 p.
Notes:	Source: Dissertation Abstracts International, Volume: 60-11, Section: A, page: 3913.
Contained By:	Dissertation Abstracts International60-11A.
Subject:	Education finance. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9951508
ISBN:	9780599553774

Cost recovery for higher education: A study of undergraduate students' ability and willingness to pay in the Chinese Mainland.
Lu, Genshu.

Cost recovery for higher education: A study of undergraduate students' ability and willingness to pay in the Chinese Mainland. - 205 p.

Source: Dissertation Abstracts International, Volume: 60-11, Section: A, page: 3913.

Thesis (Ph.D.)--The Chinese University of Hong Kong (Hong Kong), 1999.

This item must not be sold to any third party vendors.

Since the 1970s, while the private demand for higher education continues to rise very rapidly, public expenditure for higher education follows a downward trend. As a result, the financing of higher education is in crisis in most countries of the world. In this setting, financing higher education expansion by tapping private resources via cost recovery becomes an important trend.

ISBN: 9780599553774Subjects--Topical Terms:

3172165
Education finance.

Cost recovery for higher education: A study of undergraduate students' ability and willingness to pay in the Chinese Mainland.
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100 1 $a Lu, Genshu. $3 3174313
245 1 0 $a Cost recovery for higher education: A study of undergraduate students' ability and willingness to pay in the Chinese Mainland.
300 $a 205 p.
500 $a Source: Dissertation Abstracts International, Volume: 60-11, Section: A, page: 3913.
500 $a Adviser: Chung Yue Ping.
502 $a Thesis (Ph.D.)--The Chinese University of Hong Kong (Hong Kong), 1999.
506 $a This item must not be sold to any third party vendors.
506 $a This item must not be added to any third party search indexes.
520 $a Since the 1970s, while the private demand for higher education continues to rise very rapidly, public expenditure for higher education follows a downward trend. As a result, the financing of higher education is in crisis in most countries of the world. In this setting, financing higher education expansion by tapping private resources via cost recovery becomes an important trend.
520 $a To mobilize resources with this method, we need first to address two main questions: First, are students and their families willing to pay? Is cost recovery reasonable from the social welfare perspective? Second, can students and their families afford to pay? What is the consequence of cost recovery on equality?
520 $a This study attempts to answer these questions in the case of the Chinese Mainland. The empirical evidence suggests that:
520 $a 1. The ability to pay for higher education varies among students with different background. The lower the socioeconomic status the students and their families hold, the less their ability to pay for higher education. As socioeconomic status decreases, students rely more heavily on the choice of universities and majors in order to reduce tuition fee, and more heavily on financial aid and relatives' assistance. They also reduce the economic burden by cutting down this expenditure apart from the tuition. The ability of students and their families to pay for tuition and total private expenditure on education depends not only on the absolute level of resources they have but also on the constrains of their family structure.
520 $a 2. Although students must undertake higher cost, they and their families have a remarkable willingness to pay for higher education. The maximum amounts of tuition they are willing to pay are statistically significant higher than the fee they have to pay presently. These results demonstrate that higher education in the Chinese Mainland is not a simple 'luxury goods'.
520 $a 3. Students' demand for higher education responds in different ways, to changes in higher education tuition and to different patterns of financial aids: Firstly, students' demand is responsive to the amount of tuition charged and to the probability of access to scholarship. However under different hypothetical conditions, students do not respond to changes of probability of access to grant, loan and work-study aid consistently. Secondly, students' responses to tuition and financial aids differ both in degree and in patterns. Thirdly, students in different income groups have different patterns of response. Fourth, students' responses to tuition and financial aid can change as a result of changes in tuition, financial aid and other factors.
520 $a 4. This study confirms that if public resources freed from cost recovery in higher education are used to finance the expansion of primary, secondary and higher education, the structural equality of distribution of public resources within the entire education system will be improved. This study also finds that, because tuition elasticity of students coming from low and middle income families is greater than the students coming from high income families, the implementation of cost recovery in higher education will aggravate inequality of opportunity of access to higher education. Even under the situation of cost recovery, students coming from low-income families choose to continue higher education rather than to abandon their opportunities, though their choices of universities and majors will be constrained by their affordability. This situation will make the distribution of public higher education subsidies more inequitable. (Abstract shortened by UMI.).
590 $a School code: 1307.
650 4 $a Education finance. $3 3172165
650 4 $a Higher education. $3 641065
650 4 $a Finance. $3 542899
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710 2 $a The Chinese University of Hong Kong (Hong Kong). $3 1017547
773 0 $t Dissertation Abstracts International $g 60-11A.
790 $a 1307
791 $a Ph.D.
792 $a 1999
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=9951508