THE GROWTH OF PRIVATE HIGHER EDUCATION: AN OVERVIEW IN THE CONTEXT OF LIBERALISATION, PRIVATISATION AND MARKETISATION

Abstract

Economic policies encouraging private ownership (liberalisation, privatisation and marketisation) have allowed Private Higher Education Institutions (PrHEIs) to proliferate in most parts of the world, particularly since the 1990s. The number of private colleges and universities continues to grow in most countries at a remarkable rate, partly reflecting the demand for greater choice and more flexibility, which PrHEIs are able to offer. In some countries, PrHEIs even outnumber public higher education institutions (PuHEIs) or are at least expected to do so within the next decade. This is particularly the case in emerging and developing countries. The worldwide expansion of private higher education can be illustrated by the fact that one in three students globally is now enrolled in PrHEIs, and there are very few places in the world where public monopolies continue to prevent the emergence of alternative providers from the private sector. In the UK, the Government recognises that private, for-profit higher education institutions, the majority of which award degrees in conjunction with state universities, typically function more efficiently and work harder to improve the student experience. Their appeal among non-traditional students dovetails perfectly with Government rhetoric to make higher education more accessible and widen participation. A legal framework has been created that makes it easier for challenger institutions to enter the market and compete with the public higher education sector. A more streamlined, student-focused approach to the regulation of higher education in the UK is also designed to stimulate further growth and competition in the HE sector, ensuring that private colleges and universities remain a viable alternative to the public sector. Article visualizations: