A serious university revenue architecture could contain:
Research commercialization
Industry sponsored research
International students
University investment companies
Endowment funds
Alumi capital
Corporate partnerships
Agriculture and biotechnology and so on
Relying on tuition fees alone to sustain financial independence is a simpleminded plan. If you need continuously increasing student charges to sustain the institution, you haven't really solved the underlying revenue-generation problem.
Ex-LASU VC: Public varsities must charge N1m tuition per student to sustain financial independence
Ibiyemi Olatunji-Bello, immediate past vice-chancellor of Lagos State University (LASU), says public universities across the country will have to charge N1 million tuition per student in order to sustain financial independence.
Olatunji-Bello spoke in an interview with Punch, where she reflected on her five-year tenure in LASU, which ended on Saturday.
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