Financing lifelong learning: funding mechanisms in education and training

Falch, Torberg

Financing lifelong learning: funding mechanisms in education and training

This report provides an overview of available evidence on funding mechanisms in education and training. The focus is on empirical evidence relevant for European education institutions. The report covers important research issues for primary and secondary education, higher education, and adult learning. We draw conclusions on the advantages and drawbacks of a wide range of funding mechanisms, including tax incentives, grants and subsidies, loans, and individual learning accounts. The advantages of funding schemes are evaluated with respect to efficiency, quality, equity, and sustainability.

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