Funding Higher Education Essay

In order to address budget requirements during revenue deficit years, otherwise opportunities are avail open to the government other than simply raising taxes. One vi sufficient opportunity is opening seek facilities in higher education to private use. Higher education institutions wealthy person various wet and dry laboratories that can be very effectual to commercial and other private business entities conducting look into. Some of these entities usually reach contracts with private laboratories.By opening naturalise resources, government would be able to tap the finances of these private entities into the schools. In fact, the government can reside this strategy one step further by constructing an internship curriculum for its students that impress working on private company projects (Gordon, 2000). Through such an internship program, commensurate students would be sent to work in school facilities on research work required by funding entities. Of course, interns would b e given an charm allowance.This provides an innovative and practical learning experience for the students as well as a minimal source of income. Furthermore, it creates linkages to the industry where they might be able to more conveniently find employment after graduation. Another possible strategy is opening campus grounds to private promotional projects. These projects set up booths and conduct activities that target the attention of students and/or faculty members to avail of accredited products or services.Of course, entities that would like to promote their products would have to be screened thoroughly match to the academic institutions mission-vision to ensure that no contradictions are present. These deuce strategies can raise revenue up to appropriate levels and allow the school budget to be funded for the revenue deficit academic year.ReferenceGordon, J. (2000). snobby Education Management. N. Y. Doubleday.