The principal characteristics and problems of financing higher education in a developing nation like Colombia are discussed, and several attempts to solve them are reviewed. Differences between the burgeoning private sector and the public sector, areas of inefficiency, and effects of public policy on tuition levels and payment are examined.…

The World Bank's proposed changes for higher education funding in developing countries include decentralizing management, expanding private schools, introducing selective student loans and scholarships, and cost recovery. Obstacles in Colombia include quality of and access to higher education and upper class opposition to scholarships.…