Lessons learned from financing universal higher education in Korea

Directions for state subsidies programs can be categorized as follows: financial support that considers both of equity and excellence, unified administration of governmental support funds, reductions of program support, operating expense support to private universities, and dividing financial support for private universities by their financial condition. The key tasks to solve the problem of financial structure in Korean higher education are three such as high dependency on private institutions, heavy dependence on tuition, and the government's minimum investment rules. There should be discussions about high dependency on private resources for university education financing.