Constructing the Framework for Financing Tertiary Education
Caribbean Development Bank, 43rd Annual Meeting of the Board of Governors, Panel Discussion - Financing Tertiary Education, St. Lucia, 22 May 2013, Constructing the Framework for Financing Tertiary Education by Mr. Vis Naidoo, Commonwealth of Learning // I define tertiary education as any education leading to certificates, diplomas, or academic degrees (graduate and post graduate) from institutions like technical and vocational colleges, universities, technical training institutes, community colleges, distance learning centres, nursing and teacher training colleges. Therefore, tertiary education refers to any institution attended by a learner after completing secondary school. I have used tertiary and higher education interchangeably. // My fellow panelists are focusing on models for student loans and financing of the University of West Indies. Based on the focus of this session and noting the themes of my fellow panelists’ presentations, I have focused my talk on understanding the framework that could be considered for financing and managing tertiary education. // My talk will include why tertiary education is a vital part of the value chain of lifelong learning of any nation and possible ways for institutions and governments to achieve value for money. // I will conclude with a look at developments currently impacting tertiary institutions.