Globally, educational advancement is hindered by significant challenges related to financing, as economic factors play a crucial role in supporting the educational process. Therefore, it is imperative to explore various strategies to ensure the sustainability of education by diversifying its financial sources. This research focuses on Saudi Arabia and examines different alternatives for financing education, with a particular emphasis on the role of Saudi Vision 2030 in encouraging educational institutions to seek diversified funding sources to support education in the kingdom. The findings of this study confirm that sufficient and sustainable financing for education has a substantial impact on improving its quality and ensuring equitable access for all segments of society. Additionally, the study highlights the pivotal role of investing in educational technology in expanding access to education and enhancing its quality. The main recommendations include strengthening public–private partnerships, increasing investment in educational technologies and adopting sustainable financial plans. By implementing these recommendations, Saudi Arabia can enhance educational outcomes and make significant progress towards achieving the ambitious goals outlined in Vision 2030.