FOR-PROFIT COLLEGES IN CHINA: NECESSITY, POSSIBILITY AND MEASURES

Although the for-profit university is an important type of university in the world, it is, however, not fully shaped in China, where for-profit education and training industry boom. Exploring the establishment of for-profit private universities is beneficial to the expanding amount of private education resources and improving the usage efficiency of higher educational resources, and can foster the improvement of the competitiveness of China’s educational services and reverse the trade deficit of that industry. Nowadays the favourable conditions for such exploring have been established in China. To facilitate the establishing of for-profit universities, we should lower requirements on hardware and draw up necessary favorable policies; standardize their financial management while charging proper amount of risk margin, and meanwhile research on applicable methods for assessment.