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Higher Education Finance Research - Policy, Politics, and Practice (Paperback)
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Higher Education Finance Research - Policy, Politics, and Practice (Paperback)
Series: Conducting Research in Education Finance: Methods, Measurement, and Policy Perspectives.
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A volume in Conducting Research in Education Finance: Methods,
Measurement, and Policy Perspectives Series Editors David C.
Thompson, Kansas State University and Faith E. Crampton, University
Wisconsin-Milwaukee There is a void in the literature on how to
conduct research in the finance and economics of higher education.
Students, professors, and practitioners have no concise document
that examines the field, provides history, definitions of terms,
sources of data, and research methods. Higher Education Finance
Research: Policy, Politics, and Practice fills that void. The book
is structured in four parts. The first section provides a brief
history and description of the general organization of American
higher education, the sources and uses of funds over the last 100
years, and who is served in what types of institutions. Definitions
of terms that are unique to higher education are provided, and some
basic rules for conducting research on the economics and finance of
higher education are established. Although in some ways, conducting
research in higher education funding is similar to that for
elementary/secondary education, there are some important
distinctions that also are provided. The second section introduces
guiding philosophies, sources of data, data elements/vocabulary,
metrics, and analytics related to institutional revenues and
expenditures. Chapters in this section focus on student oriented
revenues, institutionally-oriented revenues, and funding formulas.
The third section introduces accountability-related concepts by
first examining the accountability movement in higher education and
performance-based approaches applied in budgeting and funding, then
looking at methods to determine public and private returns on
investment in postsecondary education, and closing with an
examination of finance from the perspective of the primary
consumer: students. The fourth and last section of the book focuses
on presenting postsecondary finance research to policy audiences to
assist in connecting academic research and policy making. Chapters
focus on accounting for time considerations in analysis, the
placing of data in context to make the data and findings relevant,
and ways to effectively communicate findings to various
policy-making audiences.
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