Education as Economic Investment: Comments on Tuition Fee Policy in Private Universities in Bangladesh

Authors

  • Wazedul Haque Consultant, International Online Journal Hub-IOJH Ltd, Dhaka, Bangladesh
  • Murad Hasan Assistant Professor, Department of Business Administration Green University of Bangladesh, Dhaka, Bangladesh
  • Mohammad Tamzid Lecturer, Department of Business Administration Green University of Bangladesh, Dhaka, Bangladesh
  • Alamgir Hossain Senior Marketing Manager, BEACON Pharmaceuticals Ltd Dhaka, Bangladesh
  • Tuhin Akter Director, International Online Journal Hub-IOJH Ltd Dhaka, Bangladesh
  • Sazib Miah Training Capacity Building Officer, IntraHealth International Cumilla, Bangladesh
  • Touhidul Islam Talukdar Executive Marketing, International Online Journal Hub-IOJH Ltd Dhaka, Bangladesh
  • A. H. M. Karmuzzaman CEO, Magdigi Ltd, Dhaka, Bangladesh
  • Mahmudur Rahman Product manager, Healthcare Pharmaceuticals Limited Dhaka, Bangladesh
  • Kariul Islam Managing Director, International Online Journal Hub-IOJH Ltd, Dhaka, Bangladesh
  • Anwarul Amin Marketing Manager, ACI Pharmaceuticals Limited Dhaka, Bangladesh

DOI:

https://doi.org/10.14738/abr.1012.13104

Keywords:

Accessibility, admissions, bursaries, fees, funding, loans, tuition, university

Abstract

Student fees for university programmes in Bangladesh have risen dramatically in recent years. This has been justified by the argument that such increases offer no economic disincentive to students seeking university admission. The present essay comments on that argument and finds several weaknesses in it. Fee increases may still be necessary, but this argument at least does not establish that they are innocuous.

References

Alam, G. M. (2008). The Role of Technical and Vocational Education in National Development of Bangladesh. Asia Pacific Journal of Cooperative Education. 9(1), 25-44.

Alam G. M. (2007). Private HE in Bangladesh: the impact on HE governance & legislation, Ph.D Thesis, School of Education, University of Nottingham, UK.

Altbach, P. (1999). Private Higher Education: Themes and Variation in Comparative Perspective. Prospects, XXIX (III), 311-323

Kivinen, O & Ahola, S. (1999). Higher education as human risk capital. Higher education. 38(2), 191-208.

Lockheed, M. and Jimenez, E. (1994). Public and private secondary school in developing countries: What are the differences and why do they persist? Education and Social Policy Department, World Bank, July 1994, ESP Discussion paper 33.

Mabizela, M. (2000). Private higher education in South Africa: A sing of the times. Seminar paper presented to the faculty of education at UWC. June 17-21, 2000.

Natshoe, I. M. (2004). Higher education and training policy and practice in South Africa: impacts of global privatization, quasi-marketisation and new managerialism. International Journal of Educational Development, 24(2), 137-154.

Nigam, N. C. (1992). Private initiative in professional education. Journal of higher Education (India), 16(1) 104-108.

Oketch, O. M. (2004). The emergences of private university education in Kenya: Trends, prospects, and challenges. International Journal of Educational development, 24(2), 119-136.

Ping, C. and Crowley, S. (1997). Education ideologies sand national development needs: the African University in Namibia. Higher Education, 33, 381- 396.

Psacharopulos, G. and Patrions, A. H. (2002). Returns to investment in Education: A further update. Policy research working paper, 2881, Latin America and the Caribbean Region, Education Sector Unit, The World Bank.

Rose, P. (2002) Is the Non-State Sector Serving the Needs of the Poor: Evidence from East and Southern Africa, DFID, London and World Bank, Washington DC (accessed on 7th November 2003, doi: http://www.ids.ac.uk/ids/govern/pdfs/roseWDR.pdf)

Rose, D. C. and Sorensen, R. L. (1992). High Tuition, Financial Aid, and Cross-Subsidization: Do Needy Students Really Benefit? Southern Economic Journal, 59(1), 66-76.

Shin, H. (1990). What is the problem of the new private school law? Daehak Gyoyuck, 45, 75-80.

Tan, A. M. (2002). Malaysian Private Higher Education: Globalization, Privatization, Transformation and Marketplace. Asian Academic Press, London.

Thomson, A. R. (1981). Education and Development in Africa. Macmillan, Hong Kong.

Tilak B.G. J. (1999). Emerging and Evolving Public Polices in India In Altbach, G. P. (Eds.) Private Prometheus: Private Higher Education and Development in the 21st Century. Greenwood, Press, Westport, Connecticut. London.

World Bank (1995). Priorities and Strategies for Education: A World Bank Review, World Bank, Washington D.C.

Woodhall, M. (1982). Student loan: Lessons from recent international experience. Policy Studies Institution, London.

Zumeta, W. M. (1992). State policies and private higher education: policies, correlates and linkages. Higher Education, 4(63), 363-417.

Downloads

Published

2023-01-05

How to Cite

Haque, W., Hasan, M., Tamzid, M., Hossain, A., Akter, T., Miah, S., Talukdar, T. I., Karmuzzaman, A. H. M., Rahman, M., Islam, K., & Amin, A. (2023). Education as Economic Investment: Comments on Tuition Fee Policy in Private Universities in Bangladesh. Archives of Business Research, 10(12), 204–215. https://doi.org/10.14738/abr.1012.13104