Issues, challenges, and tasks in university financial support following the RISE transition

This study aims to examine in detail what considerations and efforts are needed for RISE, which will bring significant changes to the future university financial support ecosystem, to be successfully established in the field. To this end, we examined the major issues related to university financial support following the RISE transition, and examined in detail the direction and tasks of university financial support for the successful establishment of RISE. In terms of sufficiency in securing the RISE budget, this study analyzed issues concerning the budget scale managed by the Ministry of Education and local governments and proposed future tasks. Regarding fairness and efficiency in the distribution of the RISE budget, the study reviewed the appropriateness of distributing the ‘basic subsidy’, which considers the unique characteristics and performance of each region. Additionally, it examined the balance between the proportions of basic and differential subsidies and the validity of elements in the differential subsidy distribution formula, proposing corresponding tasks. Finally, concerning the autonomy of RISE budget expenditure, the study assessed the suitability of budget allocation methods for local governments and suggested future directions for improvement.