| Abstract: | Higher education in Greece is considered a public good, freely and indiscriminately provided to all citizens. At the same time, the over‐centralized administration of education, together with an inadequate flow of public subsidies, force households into private expenditures and render higher education an expensive asset to be acquired on the basis of social status and economic ability. Drawing on the imperative movement towards a common European higher education area, this study examines the way state investments are directed towards public universities. It concludes that the currently mismatched funding allocations are due to the absence of any concept of varying financial rewards, which should reflect the quality of the education offered and/or the students' socio‐economic background. |
