Abstract
This paper presents selected theses on the standing and financing of higher education in three international programming documents on higher education policy: the Bucharest Communiqué of 2012 entitled Making the Most of Our Potential: Consolidating the European Higher Education Area, the Yerevan Communiqué of 2015 and the Paris Communiqué of 2018. The analysis of the standing and financing of higher education includes consideration of the situation in the Slovak Republic.
 These three documents consider the standing of higher education in the context of its financing with reference to the function that it fulfils for society in transmitting sophisticated new knowledge to the young generation. There is a visible discrepancy between the expectations of individuals and society as a whole concerning higher education and the sources of its funding. The paper includes an analysis of the changes in stakeholders’ views on higher education based on the theses in the three international programming documents on higher education policy.
 The paper concludes with a synthesis of the knowledge acquired from the three programming documents on higher education policy, and proposals for adding to them.
Highlights
The basis for the significant changes in higher education in Europe at the start of the 21st century lay in the Bologna Process recommendations aimed at modernising the field of higher education and science
This modernisation has begun in several areas. This concerned a system of comparable stages of study, titles and diplomas, in order to facilitate student mobility between universities and for their diplomas to be more comprehensible for employers in the European area
It is argued that higher education helps in achieving better application in the labour market, and has an impact on the social status of young people with higher education because of incomes higher than those of young people with lower education levels
Summary
The basis for the significant changes in higher education in Europe at the start of the 21st century lay in the Bologna Process recommendations aimed at modernising the field of higher education and science. On 26 and 27 April 2012, ministers responsible for higher education from 47 countries of the European Higher Education Area met in Bucharest, at the time of the financial crisis.
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