Recent years have witnessed a boom in private education opportunities across the Central American isthmus. To some, it seems that private entities cannot open classrooms fast enough. Whereas 30 years ago there were virtually no private universities, today there are more than 151 and every year more emerge.
The common characteristic of private universities in Central and Eastern Europe is that none of them existed 20 years ago. The 'private revolution' in this part of the world started after the dissolution of the Soviet block and the fall of communism in 1989. The ossified structures of centrally managed higher education systems were unable to react to the new educational needs of emerging market economies.
Critics of private post-secondary education often argue that foreign universities in developing nations are commercial and profit-hungry. But these debates ring hollow in Sub-Saharan Africa, where the majority of private providers are religiously-oriented with non-profit business models. Religious institutions are the fastest growing type of post-secondary institution in almost every nation north of South Africa and south of the Sahara.
Despite the efforts of some of the world's largest foreign private universities to set up shop in Australia, none have yet succeeded in making a profit from selling higher education - or even attracting significant numbers of students.
According to the most recent report of Accredibase, the UK-based background screening company Verifile Limited, there was a staggering 48% increase in the number of known degree or diploma mills operating worldwide last year. It identified more than 2,500 bogus institutions across all regions, but primarily in North America and Europe.