Colleges & universities industry comprises companies that operate by running educational establishments that are either public or private. Colleges and universities are either public or private, that is public institutions secure funding from government, whereas private institutions rely on tuition and private donations to function. Universities provide a greater number of areas of study, and they are larger in size, and are more involved in research activities, so colleges allow tuition and universities grant graduate, doctoral, and professional degrees in addition to undergraduate degrees. The overall development of higher education in the began as far back in as fifteenth and sixteenth century, when the first colleges in the colonies accepted students for learning new subjects and specializing in them. These institutions had close ties to religious organizations at that time, which was a condition that remained prevalent until the early twentieth century when a number of universities were secularized in administration and curriculum. Around the end of the eighteenth century, professional studies were first incorporated into these schools. These public and private universities and colleges that offer academic courses and grant baccalaureates as well. The requirement for admission is a high school diploma or equivalent general academic training from any board or institution in any country. Instruction is typically provided on physical campuses, although nowadays online education and other unorthodox settings are gaining popularity across the world.

 

Colleges and universities are institutions of higher learning that admit post-secondary students for education and training in a vast number of disciplines after their basic graduation. Even though governments contribute financial aid in the form of loans and grants to both students and schools, they don't have any body to overlook them. Private corporations donate substantial sums of money to colleges, universities, seminaries, and professional schools to many countries' institutions. Corporations supplement public subsidies as a way of investing in R&D and traditionally recruit employees from these institutions after their education. A lot of colleges and institutions that are primarily mandated to impart skills and knowledge to students, many are a functioning research institutions in a major way and have made significant contributions to medicine, technology, engineering, and a number of other fields. The colleges and universities must have a solid reputation to charge more tuition fees and attract students in order to survive in a stiff competition, and mainly they have to be able to afford good professors that produce strong results among students, so over the five years period until 2013, the colleges and universities industry is exhibited steady growth as there was high unemployment and dire economic conditions which then caused more individuals to pursue higher education to boost their competitiveness in the market for jobs and building their careers. Because of the steady growth of these colleges and universities industry's retention rates also increased and improved college enrollment. In the five years to 2018, the colleges and universities industry revenue is expected to increase due to steady demand for higher education, according to IBISWorld. And also the government funding is expected to increase as the economy recovers as well.