Factors Influencing the Private Cost of Higher Education; the Case of Sri Lanka

Abstract

The research aims to identify and analyze the cost elements that impact the private cost of university education in Sri Lanka. It focused on determining the private cost of the Bachelor's degree programs and also the cost elements affecting the total private cost and their significance. Twenty one cost categories were identified through a pilot study and analyzed in order to assess their impact on the private cost and their variability based on field of study, gender, programme duration, and the socio-economic group of undergraduates. The population comprised of students enrolled in private higher education institutes offering Bachelor's degree programs in Sri Lanka. The study was conducted during the 2016/2017 academic year and the sample contained 419 respondents drawn utilizing the purposive and stratified random sampling procedures. The data were analyzed using descriptive statistics, while the hypotheses were tested using the Chi-square test for independent sample statistics at 0.05 level of significance. It was found that majority of cost categories (15) had significantly varied between fields of study undertaken while minority of cost categories (10) varied significantly between students' gender. The study revealed that the identified factors influenced the private cost of university education in the Sri Lankan context.