Paper $30.00 ISBN: 9780745332932 Published April 2013 For Sale in All Americas and the Caribbean except Canada
Cloth $95.00 ISBN: 9780745332949 Published April 2013 For Sale in All Americas and the Caribbean except Canada

The Great University Gamble: Money, Markets and the Future of Higher Education

Andrew McGettigan

The Great University Gamble: Money, Markets and the Future of Higher Education

Andrew McGettigan

Distributed for Pluto Press

232 pages | 5.31496 x 8.46457
Paper $30.00 ISBN: 9780745332932 Published April 2013 For Sale in All Americas and the Caribbean except Canada
Cloth $95.00 ISBN: 9780745332949 Published April 2013 For Sale in All Americas and the Caribbean except Canada
In 2010 the UK government imposed huge cuts and market-driven reforms on higher education. Proposals to raise undergraduate tuition fees provoked the angriest protests for decades. This academic year has seen the first cohort of students begin study under the new arrangements. A proposed Higher Education Bill has been shelved, but changes are being cemented and extended through other means.

Displaying a stunning grasp of the financial and policy details, Andrew McGettigan surveys the emerging brave new world of higher education. He looks at the big questions: What will be the role of universities within society? How will they be funded? What kind of experiences will they offer students? Where does the public interest lie?

Written in a clear and accessible style, The Great University Gamble outlines the architecture of the new policy regime and tracks the developments on the ground. It is an urgent warning that our universities and colleges are now open to commercial pressures, which threaten to transform education from a public good into a private, individual financial investment.
Contents

Preface & Acknowledgement
Abbreviations
List of Figures and Tables
Introduction: Privatisation the plan and the gamble
Part I Funding: Fees and Loans
1 The Mass Higher Education System and its Funding
2 Tuition Fees
3 Student Loans – the basics
Part II Marketisation
4 Why a Market
5 Market Mechanisms
6 Regulating the New Market
7 ‘New providers’, for-profits & private equity
Part III Privatisation
8 University Finances and Overseas Income
9 Corporate Form, Joint Ventures & Outsourcing
10 University Bonds & other credit products
11 Governance
Part IV Financialisation
12 Loans – the government’s perspective
13 Managing the Loan Book
Conclusion
Glossary
Index

For more information, or to order this book, please visit http://www.press.uchicago.edu
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