Private Capital in Higher Education (Part I)
When you think about it, higher education is one of the greatest businesses in the world. It’s a guaranteed and growing market – as economies develop, people want more of it. And people are willing to pay tons of money for it. Worldwide, total spending on PSE (public and private) is somewhere in the range of $1.5 trillion annually, at least a third of which comes in the form of tuition fees. There has to be profit in there – and who