Economic development theory focuses on a country's human capital development which is its greatest resource. Human capital development is the empowerment of citizens which comes through education and training. A major player in this process is Community colleges which its mandate is to bridge the skills gap and attend to the academic needs of its…

The relevance of the studied problem is determined by the fact that the modern understanding of the essence of the fiscal control is based on the research of specific essential characteristics. As a rule, they are not of system nature and are not connected with studies of other characteristics. The aim of this article is a synthesis of the main…

This article represents the third in a "ghost story" series by the same authors. Readers may recall that Mr. Bernanke was "visited" by the ghosts of Adam Smith and John Maynard Keynes in the March/April 2010 issue of "Social Education" as these two famous economists debated the economic recovery (see EJ878912). Mr.…

Imagine students attending colleges and universities around the country having their financial needs met without the use of federal loans, Pell Grants, and higher education tax credits. In "Starting from Scratch: A New Federal and State Partnership in Higher Education," New America's Higher Education Policy Program shares its vision for…

Education credits are available to help offset the costs of higher education for taxpayers, their spouses, and dependents who qualify as eligible students. The American Recovery and Reinvestment Act of 2009 (Recovery Act) amended the Hope Scholarship Tax Credit (Hope Credit) to provide for a refundable tax credit known as the American Opportunity…

The recent financial crisis brought about dramatic changes in the way that the Federal Reserve, the nation's central bank, conducts monetary policy. One challenge for high school educators going forward will be to strike a balance between the teaching of traditional monetary policy and the teaching of the monetary policy used during these…

The reform of education funding systems to achieve greater equity and adequacy is an ongoing struggle in many states. Because funding of public elementary and secondary education is constitutionally a state responsibility, the struggle plays out largely in state legislatures. At the same time, education finance reform does not take place in a…

With all the economic pain and consternation--surging unemployment, enormous corporate bankruptcy, trillions becoming the new billions--it's easy to overlook the fact that tens of thousands of families have suddenly lost a great deal of the money they socked away to pay for college. They lost it because public officials told them to risk their…

(Purpose) The purpose of this study was to examine the correlation between certain characteristics of US states and their budgeting systems for higher education (HE), and to derive implications for Japanese HE budgeting policy from the results. (Methodology) The US's State Higher Education Executive Officers (SHEEO) conducted a 30-item…

With the Presidential election two months away, this paper presents a set of actions the Association of American Universities (AAU) believes the President and his Administration can take to advance the partnership between the federal government and research universities--as well as actions that universities themselves need to take to ensure that…

Hong Kong has moved from elite to mass post-secondary education in a very short space of time and at little cost to the Government. Most of this spectacular expansion in participation has come through enrolments in 2 year associate degrees in recently founded community colleges, which have self-financing status. The achievement has been clouded by…

More than 800,000 American children spend some time in foster care each year, most because they have been victims of child abuse or neglect. The families of 3.5 million children are investigated or assessed for alleged maltreatment each year, and more than 900,000 children are determined to be victims--three-quarters of them neglected, and…

The United States is at a critical juncture. The deep recession and weak economic recovery have left one in 10 American workers without a job, and the federal budget is driving the country's debt to unprecedented levels. Business Roundtable believes that the nation's business community, the White House and Congress must work together to encourage…

Profit-generating entrepreneurial initiatives have become increasingly important as community colleges look for alternative revenue to support escalating costs in an environment characterized by funding constraints. Academic capitalism was used as the conceptual framework to determine whether community colleges have become increasingly market…

The political landscape in school finance has undergone significant changes in the United States in recent years. It was only a generation ago that the state government assumed the primary funding responsibility in public schools, public agencies at the state and local level "monopolized" service delivery, and many reform initiatives did…