A private-equity group announced today that it was buying Northcentral University, an all-online institution founded in 1996 and now enrolling about 7,500 students, mostly in graduate-level degree programs.
To cement Malaysia’s status as a global eduhub, plans are afoot to improve the nation’s higher education scene and the private sector is set to change in a big way.
Because of the huge faculty shortage in India, the Indian government has now prohibited private higher-educational institutions here from using Indian faculty members when setting up campuses abroad, The Times of India reported today. Those institutions will also be forbidden to move profits from their domestic campuses to their foreign ones, or to cross-subsidize them.
Private sector participation is seen necessary to reach the goal of doubling higher education's capacity. But the report lashes its whip at those private universities which make profitability their singular focus. It recommends massive modification in the legal framework to tighten regulations on auditing the accounts of such universities, on transparency, on paying a minimum salary to the teachers and so on.
Waldorf College, a financially struggling private institution in Iowa, has agreed to sell its assets to Columbia Southern University, an online institution based in Alabama.