ABSTRACT
Government funding support for higher education is often seen as the centerpiece of a country’s ability to participate in the twenty-first-century economy. Higher education institutions rely on multiple sources of revenue to fund their respective missions. For most institutions, the primary revenue sources are tuition and fees, federal appropriations, state appropriations, sales and services, private gifts and grants, and endowment income. Many institutions have a different or broader focus than educating undergraduate students for associate and baccalaureate degrees. A tuition discount is financial aid that comes from institutionally generated monies often called an institutional grant. Higher education institutions receive government funding in two distinct methods: direct funding or indirect funding. State governments served a significant role in creating educational opportunities through their support of colleges and universities taking an active role in promoting higher education through governance or coordinating boards. Institutions are able to leverage their on-site facilities and expertise to provide services to individuals and partnering organizations.
