A Study on Strategies for Ensuring Stability and Sustainability in Higher Education Finance

The purpose of this article is to propose stable funding solutions for higher education based on the Special Account for Higher and Lifelong Education Support. It evaluates the current scale of higher education funding and identifies issues and improvement strategies related to this Special Account. Additionally, it offers recommendations for legal and institutional reforms to enhance higher education funding and outlines strategies for ensuring long-term financial stability in the sector. The study's findings are as follows. First, the current Special Account for Higher and Lifelong Education Support faces challenges regarding the stability, validity, and sustainability of its funding. Furthermore, the legal framework for securing these funds is insufficient. Second, potential funding solutions based on the Special Account include introducing a higher education tax and securing a portion of funds managed by the government. Third, long-term strategies for ensuring stable higher education funding involve establishing central government grants, creating new funds, and developing investment funds. Additionally, expanding local government investments and leveraging corporate taxes to either introduce a higher education tax or provide tax incentives could further encourage investment.