Education is regarded as a generic and organic process involving a series of activities aimed at enabling an individual to assimilate and develop knowledge and skill competencies and values that are not simply related to narrow field of activity. (Banuu, 2005). Higher Education is education pursed after primary and secondary education.
Davis, (2012), noted that the rising cost of higher Education has serious implications for educational enterprises across the globe, especially in developing countries at the turn of the 21st century. At independence in Nigeria the federal and state governments controlled educational expenditure making the cost of funding in Nigeria minimal.