The Socialisation of University Funding

Published on February 28, 2024

Commentary “You can’t lift yourself up by bringing others down” is a well-known but often neglected aphorism. It comes to mind when reading the final report of the Universities Accord which was released on Feb. 25, 2024. Among the 47 recommendations is a controversial proposal—recommendation 43—to create a Higher Education Future Fund (HEFF) “to cope with projected future enrolment growth.” HEFF would be funded by “co-contributions from public universities and government with the aim of reaching $10 billion in assets.” It further stipulates that the co-contributions should come “from universities’ untied own source revenue” and should “control the adverse impact on universities with limited capacity to contribute.”...

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