Financial Sustainability of Higher Education Institutions in the Philippines: Issues, Challenges, and Opportunities

Connie Bayudan-Dacuycuy, Herisadel Flores and Arnel Onesimo Uy

No DP 2024-24, Discussion Papers from Philippine Institute for Development Studies

Abstract: Higher education institutions (HEIs) and the quality of the educational products and services they deliver play a critical role in supporting international development goals and Filipinos’ national aspirations. However, achieving quality in tertiary education involves both benefits and costs, making the financial sustainability of HEIs an important means to an end. This study contributes to the limited literature on the financial sustainability of Philippine HEIs, highlighting the key insight that financial sustainability is both an educational asset and a strategic imperative. It proposes national and HEI-level policies to ensure that HEIs can fulfill educational objectives, deliver valued outcomes, support societal advancement, and add tangible value to stakeholders. Comments on this paper are welcome within 60 days from the date of posting. Email publications@pids.gov.ph.

Keywords: financial sustainability; higher education institutions; revenue sources; financing strategies; risk management (search for similar items in EconPapers)
Pages: 55
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:phd:dpaper:dp_2024-24

DOI: 10.62986/dp2024.24

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