The government is being urged to prevent universities being bought by private equity firms after the College of Law, a charity that provides teaches law courses in London and six other cities across England, was sold to a private equity firm for £200m.
Perturbed over key bills related to reforms in higher education being stuck in Parliament for over two years, Human Resource Development (HRD) Minister Kapil Sibal on Wednesday accused private players running educational institutes of stalling passage of these legislations which seek to raise quality.
Nearly 500 private higher education institutions (IPTS) in the country will be affected if the National Higher Education Fund Corporation (PTPTN) is abolished, said Deputy minister in Prime Minister's Department, Datuk Ahmad Maslan.
Tensions are escalating between private colleges and public universities in a battle to win state education dollars. At issue is the $49 million in Iowa Tuition Grant money the state gave last year to more than 18,000 students attending Iowa’s private colleges and universities, even as the Legislature slashed funds to public universities.
Iowa Sen. Tom Harkin, a Democrat, has been on a crusade over the past few years against for-profit colleges. You know, schools such as the University of Phoenix or the DeVry Institute, educational outfits operated by profit-seeking businesses.