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One of the key trends in recent years has been the growth of private participation in higher education. The most common form of private participation in higher education is the delivery of education services by private colleges and universities. The Program for Research on Private Higher Education (PROPHE) documents that the private sector represents around 25 to 30 percent of global higher education enrollments, although this average masks significant differences across countries and regions. While private higher education represents hefty enrollments in East Asia and Latin America, it is much less weighty in western Europe and the Middle East. The delivery of education to students in the “traditional” manner represents the bulk of private participation in higher education. However, many other forms exist—including the provision of information (e.g., university rankings such as the Australian Good Universities Guide and the Macleans Guide to Canadian Universities), the regulation of quality (e.g., privately operated accreditation schemes) and private finance initiatives (PFIs).

The Private-Sector Financing of Public Higher Education Infrastructure