A Proposal to Achieve Financial Independence in Prince Sattam Bin Abdulaziz University in Accordance with the New System of Universities and Vision 2030

Abstract

The current research addresses an important educational and administrative issue. It is the financing of universities and the potential that the university can achieve its goals and strive to develop the society away from any pressures. It may face from private or governmental institutions which may participate in funding them with the aim of implementing the new Saudi universities system. All universities and educational institutions rely on their own resources and diversify new funding resources to alleviate the state budget in order to achieve the independence of these institutions and give them freedom to achieve their goals, and also the strategic goals of the 2030 Vision for Saudi Arabia. In order to achieve the research main objective, a questionnaire is distributed to the respondent to know the current reality of universities on the subject of funding. We find and propose a number of ways for the university to be financially autonomous.