REASONS FOR STATE PARTICIPATION IN THE DEVELOPMENT OF HIGHER EDUCATION

The article examines the main reasons for the state's participation in the development of higher education are identified: first of all, they are that control over the education system is a public good that the market is not able to fully finance. Second, it is difficult to determine the share and form mechanisms for private investment in education and to observe the principle of equity: redistribution between rich and poor. It is proved that the state usually pursues several goals in financing higher education: 1) ensuring the “right” size of the higher education system (achieving macro efficiency); 2) allocating financial resources between universities in accordance with the state interests, the needs of students and employers (achieving micro efficiency); 3) ensuring access to higher education for all socio-economic groups, that is, equality of educational opportunities.