A Comparative Study of Government Public Financial Aid to Private Colleges in U.S., Japan and South Korea

Abstract

Most of the governments in the world provide the private colleges with necessary financial support. This is evident especially in U.S., Japan and South Korea where the private higher education is very advanced. The private colleges in these countries have undergone different development paths. As their school funds come from different sources, the public financial support they gain exhibits different characteristics. The governments of these three countries attach great important to the development of private colleges, and issued a complete set of regulations to stipulate that the private colleges qualify for the same financial support as the public colleges. Various measures that were taken by the governments to raise funds contribute to sustainable development of the private colleges.