This paper examines the philosophical underpinnings of the call for reforming the financing of higher education from the perspective of higher education administrators, politicians, and students. It argues that there are three underpinnings associated with the call: the entrepreneurial thrust, as well as the financing, and the resource allocation underpinnings. It then uses the experiences of some universities to point out challenges faced by Caribbean higher education institutions in their quest to reform. It also suggests actions that may be taken to combat the challenges.
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