Exploring Financial Support For Higher Education

As the economy of our country develops,the number of the universities and the number of students in the university keeps increasing.By the end of 2014,the total number of China's universities is 2529,and the total number of the college students is 25477 thousand people,which is 2.43 times of the total number of universities in 2000 and 4.6 times of the number of students in 2000.In order to further promote the development of higher education,China's financial institutions at all levels try to increase investment to higher education.By the end of 2013 China's higher education in the state financial investment reached 4933.39 billion yuan,accounting for 20.15% of financial investment in education,accounting for the proportion of GDP is 0.84%.Although the indicators have different ranges of rise,but the rise is far lower than the magnitude of the rise in operating costs in colleges and universities,and compared with the developed countries over the same period,the indicators of our country are still relatively much lower.There are two reasons for the shortage of financial funds of higher education in China.On the one hand,the government is facing the double pressure of increase in the number of students and student costs.on the other hand,government fiscal revenue ability limited.Besides the lack of financial investment,there are still many other problems during the government in the process of supporting the development of higher education.Including the efficiency of the use of financial funds is low,the supporting the implementation of the scheme is not perfect,the financial investment structure is unreasonable,etc.Therefore,it is necessary to learn some lessons from the developed countries,such as United States and Japan,we can also learn some beneficial practices from advanced experience and similar to China's countries,such as India and Brazil.So that we can help solve the problems about China's financial support for higher education.Finally,several suggestions are drawn as follows: Firstly,to increase financial support for efforts to the development of higher education,we can choose two aspects to strengthen the government's ability to finance and reduce the cost to reduce the gap between income and expense of higher education,and strengthen the support of scientific research in Colleges and universities and local colleges and universities.Secondly,reform the budget,expenditure,personnel and treatment and allocation of five aspects of the specific content of the formula.Thirdly,build a good system of funding for higher education,including the budget system,relevant laws and regulations and clearly define the scope and responsibilities of the financial sector at all levels of investment in higher education.Fourth,adjust the financial support of higher education investment structure.