A new involving educational cost sharing from the beneficiary was introduced for the firstrntime in Ethiopian HE! :in 1994~ Under this system the direct beneficiaries- the studf!nts arernexpected to share at l~ast s'ome of th~ir educational expenses. Following the introduction ofrnthe system in all public HE!, it has been hypothesized that students may be reflecting arnnegative perception about cost sharing. The principal purpose of the study was to assessrnstudents' attitude towards cost-sharing scheme in Gromia Regional Colleges. Based on thernfindir:g~ of t~e study suggestions were forwarded. Research questions addressing issuesrnrelated to sty.d.ents' attitude towards cost sharing were raised. To this effect, the descriptivernres~arch method. was employed. The survey was conducted on five colleges, which werernbelieved to be a representative of other public colleges in the region. A sample of 403rnstudents and 28 college administrators was drawn using simple random and purposivernsampling techniques respectively, The sampled students and college administrators werernboth from TTC and TVET colleges. Questionnaire was used as an instrument of datarncollection. The data collected was then analyzed both quantitatively and qualitatively usingrnstatistical tools such as percentage, mean, chi-square and t-tests.rnThe results obtained from the study revealed that the majority of the students were awarernof the challenges of the government in financing education. The findings further revealedrnthat objectives of cost-sharing were not widely articulated and were not well-known amongrnthe students and college administrators-the rationale of cost-sharing did not convincernstudents to the expected level; the majority of students acknowledged the availability ofrndifferent mechanisms of cost-sharing scheme implementation; and that the students werern{l)illing to accept cost-sharing scheme if certain provisions will be fulfilled / managed.rnIn light of these findings, the following recommendations were forwarded: providingrnadequate orientation services to all college students and administrators in order tornmaximize their awareness and minimize their resistance and misconceptions about coslsharing;rnstudents and college administrators should be well informed about the objectives,rnrationale and mechanisms of cost-sharing; the government should assist students whorndeserves support to alleviate or minimize their financial deficiencies; as much as possible,rnstudents should be assigned to the field which they are interested more; and the criten'a tornbe used in assigning students to different fields of study should be so rational andrntransparent