Feasibility Study on Establishing a Private University in Bangladesh

Abstract

Private higher education plays a significant role in the development of manpower and good citizenry. This private sector alleviates a great burden from the government in terms of budget funding for higher education in its own country. However, the development of private higher education in some of the Asian countries is not yet firmly established. At the tum of new century, a massive increase in enrollments universities was predicted. The demand for higher education in the knowledge will soar immensely. One possible solution way out is to promote private higher 'education . Education In Bangladesh is highly subsidized by the Government, which operates many schools and colleges in the primary, secondary and higher secondary leyel as well as many public universities. The literacy rate in Bangladesh is approximately 37.34%. There are 22 public universities in Bangladesh. In the LJst oncdecade education in higher studies were boomed by the help of the private universities. There are now 54 private universities in Bangladesh providing general, engineering and medical education. Private university until the enactment of the Private University Act 1992, all universities in Bangladesh were in the public sector only. The act was amended in 1998. Upto 2001, the government sanctioned 27 private universities to operate. Currently total number of private universities stands at 54.