Free Education Will Reduce University Revenue
The University of Cape Town vice-chancellor, Max Price, says making education free to all undergraduate students will reduce universities revenue by 30 percent.
Price argues that the move will also deprive universities of important sources of revenue in the form of fees from students who can afford to pay them as well as from the private sector which gives financial support to students.
“We do think university education should be free for people who are poor. We just don’t think there is a point in subsidising the education of people who can afford it or to take off the responsibility from companies and other donors who fund bursaries,” he says.
His comments come after the Minister of Higher Education and Training, Blade Nzimande, indicated a wish to introduce free university education and to increase the number of black students.
To read the article titled, “Call for more bursary aid for poor students,” click here.
Price argues that the move will also deprive universities of important sources of revenue in the form of fees from students who can afford to pay them as well as from the private sector which gives financial support to students.
“We do think university education should be free for people who are poor. We just don’t think there is a point in subsidising the education of people who can afford it or to take off the responsibility from companies and other donors who fund bursaries,” he says.
His comments come after the Minister of Higher Education and Training, Blade Nzimande, indicated a wish to introduce free university education and to increase the number of black students.
To read the article titled, “Call for more bursary aid for poor students,” click here.
Source:
<br /> Business Day
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