THE ISSUES OF HIGHER EDUCATION FINANCING MANAGEMENT IN THE RUSSIAN FEDERATION

Abstract

The article analyzed the higher education financing system of the Russian Federation and highlighted the issues that limit the management and financing of higher education, strengthening and development, improving the quality of education and increasing the efficiency, competitiveness, financing and transparency of the higher education system in the Russian Federation.

The study of the higher education management financing system in the Russian Federation shows that education financing has gaps and does not correspond to the current realities, so it is urgent to review the management of these problems. Although the Russian Federation joined the Bologna process in 2003 and is trying to transition to the new model, the problems revealed by this research reflect that there are still a number of obstacles in the management organization and implementation of higher education in the Russian Federation.

It is recommended to use the application tool of financing university activities through the endowment, when with the investments of philanthropists and successful graduates, they create targeted funds that are handed over to trust management.