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| > > Funding and Financing |
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Funding and Financing Standing Committee
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The CHE Funding and Financing Standing Committee deals with all aspects of the funding and financing of higher education.
The Higher Education Act and the White Paper allocate specific responsibilities to the CHE in this regard, such as advising on the policies, principles and criteria that should govern the allocation of public funds among higher education providers, a mechanism for the allocation of public funds, student financial aid, policy regarding public and private financing and provision, the level and distribution of public subsidies to higher education and forms of student financial assistance.
Prof SJ Saunders chairs the Standing Committee and its members are Ms J Glennie, Mr R Katz, Mr V van Vuuren, Dr Lange and Professor RH Stumpf (non CHE member).
Funding is viewed by the National Plan as a crucial steering mechanism in the transformation of the higher education system, with the Department of Education releasing its proposed funding framework for discussion in March 2001.
The CHE's advice to the Minister was submitted in October 2001 and made public in early 2002.
The CHE response critically analysed how far and in what ways the funding framework advanced the objectives of the National Plan, specifically:
- The achievement of increased systemic and institutional efficiencies.
- The achievement of increased institutional diversity.
- The achievement of the desired graduate profiles.
- The sustaining and promotion of research, and
- The achievement of equity and redress.
The Funding and Financing Standing Committee has also been involved in initiating and supervising
an investigation into institutional redress policy and strategy; and in the planning,
implementation and funding of such a policy and strategy for the purpose of advising the
Minister.
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