The aim of this article is to assess the factors that influencing higher education funding policies in Latvia. To achieve the goal, the authors have performed a qualitative and quantitative analysis of scientific literature on factors that influencing higher education funding policies. In order to achieve research results, the authors initially selected higher education funding policy influencing factors based on the European University Association research results (2016), further with the help of data analysis tool NVivo they analyzed scientific articles on the research topic. To obtain empirical data, the authors have developed the questionnaire and adapted it for higher education professionals considering the outlined factors. At the final stage of the research, the data was processed using SPSS: Kaiser-Meyer-Olkin Measure of Sampling Adequacy and Bartlett’s Test of Sphericity, Cronbach’s Alpha, Factor Correlation Matrix, Communalities. Anti-image Correlation Matrix, Assessing the factors influencing higher education funding policies, the authors have come to the conclusion that in total there are 24 factors that can influence higher education funding.