The paper, using the example of recent changes in the field of higher education in Uzbekistan, analyzes the main aspects of the procedures for financing higher education institutions during the period of massification of higher education observed throughout the world. Based on empirical analysis, the features of financing higher education during the period of massification are explained. The article reveals aspects that need to be paid attention to when financing higher educational institutions during the period of massification of higher education in Uzbekistan. Scientific conclusions and corresponding proposals are also provided for developing appropriate measures by evaluating them.