Financing Education Sustainably – There is a Way

Recently, less recently, even less recently, and on many other occasions has the financing of education been an issue. Costs have grown too high, now after decades of expanding welfare states a structural economic recession seems to have set in. In many countries tuition fees have been raised and students are entitled to less and smaller allowances from the government. This raises an issue of equity: children of poorer families might have smaller and fewer opportunities to enjoy a good education. It also raises an issue of underinvestment in education: too many might decide not to enroll in schools because of the massive debts they would accumulate. Continue reading