The new funding model for universities emphasises completed degrees
Posted date: 05 Nov 2019
At the beginning of the year, the Finnish government approved a new funding model for Finnish universities for the term 2021–2024. The model is a tool for allocating core funding to universities. The new model makes it possible to gain funds by streamlining study paths so that students graduate with a bachelor’s or master’s degree within the targeted time frame.
The core funding awarded by the Ministry of Education and Culture constituted 58% of the University of Helsinki’s overall income last year. In 2021 funding will be based on the results of 2017–2019, which means that the model is operational in practice.
The ministry has stated that the new funding model will establish stronger incentives for strategic planning and reform at universities.
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