Publication Details
Abstract
The research aims to explore the role of parallel education in maximizing revenues and achieving financial sustainability. It proposes the concept of parallel education as a fundamental solution for maximizing university revenues in Iraq and elevating it to the highest levels to keep pace with the tremendous technological development. It also aims to demonstrate the correlation between parallel education revenues and financial sustainability. The research was applied to colleges affiliated with Al-Qadisiyah University that offer parallel education for the period: 2020-2024 AD. These revenues were analyzed to demonstrate their impact on achieving financial sustainability. The deductive approach was adopted to transition from public to private education, to understand the revenues of parallel education and the extent of its impact on maximizing revenues. The transition to an applied approach, which is specific to achieving financial sustainability at the university sampled in the research, was based on parallel education revenues. The inductive approach was adopted, shifting from private to public education by generalizing the recommendations. The analytical approach was also used. The research reached a set of conclusions, the most important of which is that medical colleges (medicine, pharmacy, and dentistry) achieve the highest revenues from parallel education, making them a fundamental pillar in supporting financial sustainability. Accordingly, the research recommends a set of recommendations, the most important of which are expanding international education programs in colleges other than medicine, such as pharmacy and engineering, to attract students from outside Iraq, increasing revenues, and reevaluating tuition fees for colleges with high demand, such as education and science, to achieve a balance between students' financial capacity and maximizing revenues.