Quality education for all: more than just a financial challenge
Demand for education is constantly rising. Upper secondary education is becoming the norm in most OECD countries. And most students who graduate from high school now aim to go to university. Back in 1995, only 37% of high-school graduates went into university-level programmes. Now, it's 57%, a significant jump. This “hunger for knowledge” is testing the policy and budgetary capacity of governments.

Despite big rises in spending, including increased private sector funding, expenditure on tertiary education cannot always keep up with increased demand. The result can be a bottleneck in terms of a country's economic performance. Already, there are more skilled jobs needing to be filled in OECD economies than there are people with high-level education and training qualifications to fill them.

Solving this challenge is not only a matter of increasing financial resources. It is also a question of optimising policy choices and of improving the management capacity of institutions, for example by making their financial management more efficient, more strategic and globally oriented. Countries can make very different choices to improve the efficiency of education, juggling with salary levels, the number of hours students spend in the classroom, the amount of teaching time required and the size of classes. At the tertiary level, moves to improve efficiency are needed too. Improved guidance mechanisms for students moving from secondary to tertiary-level programmes, for example, could help them make more informed choices and so increase graduation rates and ease pressures on spending. It may seem surprising, but some 31% of students in OECD countries, on average, do not complete the tertiary studies for which they enrol.
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