Abstract

The purpose of this study is to estimate the appropriate financial resources to secure the competitiveness of higher education and attempt educational innovation, and to seek specific measures to expand it. Based on the review of previous studies related to higher education finance, first, the necessity of expanding public resources for higher education, the basis of higher education support, and the main contents of each government's higher education support policy were examined, and second, the scale of domestic higher education financial support and overseas higher education financial support were compared and analyzed, and the financial status of domestic higher education institutions was analyzed. Finally, the direction of fiscal investment was confirmed at the government level, and the fiscal scale and expansion plans to realize this were comprehensively reviewed. The analysis results showed that, first, investment in higher education institutions is necessary, but there is not enough legal basis to support higher education finance. Second, it was found that the level of financial support to support innovation of higher education institutions was insufficient compared to both international and domestic standards. Third, plans to cultivate human resources at the national level are being announced, but the budget for higher education to support this has been stagnant. As a result of calculating the appropriate size of higher education finances based on the OECD average, about 10 trillion won was required. As a way to finance higher education, it proposed a method of easing tuition regulations and preparing a legal basis for financial support for higher education. In addition, to improve the financial conditions of universities, it was proposed to secure the effectiveness of the financial support plan and to expand the scope of the university's current expenses support.

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