Theoretical models of financing tertiary education and its application on example of Slovakia
Theoretical models of financing tertiary education and its application on example of Slovakia

Summary/Abstract: The current period is marked by significantly expanding trend of transformation of the global economy to a society based on knowledge and brainwork. An important role in this process plays higher education and particular educational institutions affecting there. They produce educated human capital, contributing to economic development and improving quality of life and allowing countries to succeed in the international competitors fight. The quality and quantity of human capital is strongly determined by the status and level of financing higher education. The way of its financing presents the primary problem in realizing the educational policies. National governments are faced with the choice between the pure tax way of financing or its combination with various forms of financial participation of students applying to the cost of their education.

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