Public No More
Public No More
This chapter focuses on the transition of public universities in the U.S into “public-no-more” universities. It explains that permanent public funding reduction and state and federal actions requiring the replacement of taxpayer support with tuition revenue is transforming higher education into a private good. It describes the defining characteristics of a public-no-more university which include the adoption of a high-tuition-high-financial aid model, restructuring of the governance process, and encouraging entrepreneurial strategies. This chapter also considers the debate on the adoption of business-style budgeting and planning practices for public universities.
Keywords: public universities, U.S. public-no-more universities, public funding reduction, private good, higher education, high-tuition-high-financial aid model, governance process, entrepreneurial strategies, budgeting, planning processes
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