Who really bears the cost of education?

by Marie-Hélène Doumet Senior Analyst, Directorate for Education and Skills It can be difficult to get your head around education finance. Who actually pays for it, where does the money come from, and how is it spent are all crucial questions to ask if you want to understand how the money flows in education. In many countries, basic education is considered a right, and governments are expected to ensure universal access to it. However, educational attainment has reached unprecedented levels, and more people are participating in education than ever before, leaving governments struggling to meet the demand through public funds alone. The role of private funding has become more significant in the past decade, particularly at the pre-primary and tertiary levels of education. But the reality is more complex than a binary public-private model would suggest. Other financing mechanisms, involving the transfer of funds between governments, households and other private entities, are blurrin...