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| Motivation, dilemma and enlightenment of American for profit university development |
| YANG Cheng1, QIN Huimin 2 |
| (1. Department of Education Administration, National Academy of Education Administration, Beijing 102617; 2. Graduate School of Education, Beijing Foreign Studies University, Beijing 100089, China) |
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Abstract Since the 1970s, American forprofit universities have followed the trend of social development, taken the market demand as the guide, seized the opportunity to enter the capital market, paid attention to the disadvantaged groups, obtained government policy support, and achieved rapid development. After 2010, after about 40 years of development, American forprofit universities have fallen into the predicament of lowered teaching quality, declining number of new students, the contradiction between university philosophy and corporate philosophy, and poor performance in capital markets. At present, some private universities in China have chosen to be registered as forprofit universities, which has opened the road to running forprofit private universities in China. Sorting out the motivations of the development of forprofit universities in America, and analyzing their dilemmas come to enlightenment for the development of forprofit universities in China: to conform to the trend of the times, and create a good social environment for the development of forprofit universities; to give play to advantages of institutions and mechanisms, and handle the relationship between the government, the market and forprofit universities; to take transformation as the opportunity, and explore the connotative development path of forprofit universities; to strengthen government supervision and thirdparty assessment, and realize the balance between profitability of capital and public welfare of education; to actively give play to the role of the capital market, and pay attention to risk prevention.
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2020, Vol. 14 
