FINANCIAL ACCESS TO HIGHER EDUCATION: RUSSIA VS USA
In the innovation economy the higher vocational education is getting inseparable from the concept of «educated person», i.e. becomes universal in nature. The ever-increasing demand for higher education among the population leads to the problem of accessibility of quality higher education.The paper f...
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| Format: | Article |
| Language: | Russian |
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Government of the Russian Federation, Financial University
2017-10-01
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| Series: | Финансы: теория и практика |
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| Online Access: | https://financetp.fa.ru/jour/article/view/115 |
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| _version_ | 1839575234623045632 |
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| author | E. V. Bogomolov |
| author_facet | E. V. Bogomolov |
| author_sort | E. V. Bogomolov |
| collection | DOAJ |
| description | In the innovation economy the higher vocational education is getting inseparable from the concept of «educated person», i.e. becomes universal in nature. The ever-increasing demand for higher education among the population leads to the problem of accessibility of quality higher education.The paper focuses on the financial aspect of the access to higher education.The concept of the financial affordability is clarified; the affordability index calculated on the median salary basis is proposed. A method for calculatiing the higher education affordability index for ten leading Russian and ten leading American universities is described. Based on the data obtained it is concluded that the access to quality higher education is higher in the Russian Federation than in the USA. However, the education at the most cost expensive US University is financially more affordable than the similar education for Russian students.Measures to improve the financial affordability of higher education based on educational loans are proposed. |
| format | Article |
| id | doaj-art-94aa1d9f640c49c7836d08d2d6e53a1d |
| institution | Matheson Library |
| issn | 2587-5671 2587-7089 |
| language | Russian |
| publishDate | 2017-10-01 |
| publisher | Government of the Russian Federation, Financial University |
| record_format | Article |
| series | Финансы: теория и практика |
| spelling | doaj-art-94aa1d9f640c49c7836d08d2d6e53a1d2025-08-04T13:11:03ZrusGovernment of the Russian Federation, Financial UniversityФинансы: теория и практика2587-56712587-70892017-10-01019710210.26794/2587-5671-2015-0-1-97-102152FINANCIAL ACCESS TO HIGHER EDUCATION: RUSSIA VS USAE. V. Bogomolov0Financial universityIn the innovation economy the higher vocational education is getting inseparable from the concept of «educated person», i.e. becomes universal in nature. The ever-increasing demand for higher education among the population leads to the problem of accessibility of quality higher education.The paper focuses on the financial aspect of the access to higher education.The concept of the financial affordability is clarified; the affordability index calculated on the median salary basis is proposed. A method for calculatiing the higher education affordability index for ten leading Russian and ten leading American universities is described. Based on the data obtained it is concluded that the access to quality higher education is higher in the Russian Federation than in the USA. However, the education at the most cost expensive US University is financially more affordable than the similar education for Russian students.Measures to improve the financial affordability of higher education based on educational loans are proposed.https://financetp.fa.ru/jour/article/view/115economic accessibilityfinancial affordabilitymedian salary |
| spellingShingle | E. V. Bogomolov FINANCIAL ACCESS TO HIGHER EDUCATION: RUSSIA VS USA Финансы: теория и практика economic accessibility financial affordability median salary |
| title | FINANCIAL ACCESS TO HIGHER EDUCATION: RUSSIA VS USA |
| title_full | FINANCIAL ACCESS TO HIGHER EDUCATION: RUSSIA VS USA |
| title_fullStr | FINANCIAL ACCESS TO HIGHER EDUCATION: RUSSIA VS USA |
| title_full_unstemmed | FINANCIAL ACCESS TO HIGHER EDUCATION: RUSSIA VS USA |
| title_short | FINANCIAL ACCESS TO HIGHER EDUCATION: RUSSIA VS USA |
| title_sort | financial access to higher education russia vs usa |
| topic | economic accessibility financial affordability median salary |
| url | https://financetp.fa.ru/jour/article/view/115 |
| work_keys_str_mv | AT evbogomolov financialaccesstohighereducationrussiavsusa |