Constraints of Individual Investment in Higher Education and Some Reformative Suggestions
个人投资高等教育的约束条件和改革思路

The research of education economists indicated that the rate of return of education decreases with the rise of education levelweceived. So focusing the public education investment on lower levels of education will improve the allocation of education resources.For higher education, a market road is advocated. Especially when the portion of inhabitants' savings is increasing, it is a basic condi-tion for the investor to convert from the govemment to the individual. In view of the constraints for individuals to invest in higher edu-cation, from the angle of releasing these constraints the reform of higher education is discussed.