Mechanisms of higher education funding: the European experience

Abstract

This article provides an understanding of the national education funding trends across Europe and the possibilities of their usage in Ukrainian public policy in the sphere of higher education The article highlights such issue as the public funding of higher education institutions based on their performance; public authorities’ grants for specific higher educational projects; accountability for the public funding. The following main characteristics of the public funding of higher education institutions in Europe have been identified in this article: funding formulas allocated on public funds; performance indicators based on students' results; public funding in accordance with a performance contract; public funds for research.