Comparison of Higher Education Funding Systems between China and the United States

In 2016, China’s statistical bulletin on the development of education announced that the total amount of various types of higher education in China reached 36.99 million, and the gross enrollment rate of higher education reached 42.7%. China is in a critical period from the popularization of higher education to the diffusion of higher education, and China’s higher education has been developing rapidly. However, the problem of educational equity has been restricting the development of higher education in China. Poor students, in particular, are deeply affected by the problem. In order to help these students, it is an important way to establish and improve the higher education funding system. This paper first expounds the specific forms of the higher education funding system in China and the United States, then finds out the defects of the higher education funding system in China through the comparison between China and the United States, and tries to put forward some suggestions to better improve this shortcoming.