Opinion

Thursday 26 April 2018

Private investment is vital to safeguard our university system

Trinity College Dublin
Trinity College Dublin

Art Hauptman

Discussions about how to achieve sustainability in financing higher education stems, in part, from the tension in most countries where the need to trim overall government spending runs smack into the fact that more education equals better employment chances and boosts financial returns over an individual's lifetime.

This tension is apparent in Ireland, where recent efforts to bring public spending under control contrast with continued long-term growth in private and public returns to higher education.

But when competition is increasingly globalised, failure to plan for sustainability is, simply, unsustainable. In a paper being presented this morning to an Irish Universities Symposium: '21st Century Universities, Performance and Sustainability', I look at this issue and recognise four realities.

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