International Journal of Business and Social Science

ISSN 2219-1933 (Print), 2219-6021 (Online) DOI: 10.30845/ijbss

Private Costs in Finance of Higher Education: Sample of Gaziantep Province1

In many countries, government spends considerable amount of money on defence, social welfare, health and education. Financial support included by these expenditures varies according to the specific countries. However, educational expenditures are provided both by public funding and families of students. Expenditures which are made by the families of the students are considered to be private costs and include various expenses such as higher education entrance exam, accommodation, food, transportation, clothing, education and educational tools and materials. Data which belong to these expenditures has significant implications in the finance of higher education. Main purpose of this study is to estimate the private cost which belongs to the expenditures made by the families of the students in Gaziantep province for both preparations for the university entrance examination and during education. In consequence of the study, it is observed that private costs of the students with higher socio-economic status are higher and they benefit higher education service more.

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