Abstract
Financial Dynamics of Non -Professional Self-Financing Colleges in Kerala
Dr. Dinesh M P, Associate Professor, Govt. College Mokeri. E-mail: dineshmb97475@gmail.com
Abstract
The rapid expansion of self-financing Arts and Science colleges has transformed higher education in Kerala, offering increased access and diversified course options in response to growing student demand. This study examines the functioning and sustainability of self-financing colleges in Kozhikode district, with a particular focus on faculty remuneration, enrollment patterns, and financial viability. Using a descriptive research design, data were collected from five purposely selected colleges through structured questionnaires administered to management, teaching staff, and students, supplemented by secondary sources including government reports and academic studies. Findings reveal a significant decline (16.2%) in overall student enrollment between 2021 and 2025, particularly in basic science and postgraduate programmes, while professional and vocational courses such as BBA, BCA, and commerce remained stable or increased. A pronounced disparity in teacher salaries was observed between self-financing and aided colleges, despite similar qualifications and workloads, highlighting issues of fairness, motivation, and long-term retention. Financial analysis indicates that self-financing colleges can achieve modest surpluses; however, their revenue model is highly sensitive to enrollment fluctuations. The study underscores structural challenges including limited infrastructure, course discontinuation, and declining academic “vibe,” which affect student satisfaction and institutional sustainability. Policy suggestions include diversification of revenue streams, establishment of minimum salary standards, need-based course planning, and stronger regulatory oversight. The study contributes to understanding the role of self-financing colleges in Kerala’s higher education landscape and offers insights for enhancing equity, quality, and sustainability in private higher education.