Interest in private universities gains further traction

A private equity fund with a strong presence in the international higher education sector and a Spanish university are reportedly in the frame of those interested in investing in private Greek higher education, writes Apostolos Lakasas for Kathimerini.

Given that a Cypriot institute of higher education has already announced its plans to do so, the announcement of the institutionalisation of non-state higher education has piqued interest. The National Authority for Higher Education will play a key role in the licensing of the proposals submitted, but many issues are still under development. Kathimerini understands that the Education Ministry plans to present the relevant bill around the end of 2023 or early 2024.

The moves by foreign institutes of higher education and funds have caused turmoil in the market for Greek private colleges operating as branches of European universities as the industry believes it will be “strangled” by competition. However, crucial issues such as how students of foreign universities will be selected and what evaluation process will be used to recruit lecturers remain to be clarified.
Full report on the Kathimerini site