Universities are becoming business-driven.

According to the most recent annual report on university-based "spin-out" enterprises, universities are establishing a more significant and more effective presence in the commercial sector. The Higher Education Funding Council for England conducted a survey of 164 higher education institutions and discovered that the sector is becoming more business-oriented, is better at linking its research to the needs of industry, and is more cost-effective in setting up its own businesses than American universities. During the academic year that ended in 2003, the number of patents awarded to universities grew by 26% over the previous year. Universities now generate £168 million in revenue through consulting work with businesses and industry, and funding for regeneration projects that benefit local communities has climbed by 15 percent in recent years. Advertisement According to the Higher Education - Business and Community Interaction Survey 2002-03, universities in the United Kingdom created one spin-off company based on marketing a discovery from their research for every £17 million they spent on research, compared to a ratio of one for every £60 million spent in the United States. Universities are being urged to increase their income from business transactions by the government, which, through the funding council, is now providing support and financial advice on starting a business in order to generate "third stream" funding from the private sector to benefit universities. Other sources of funding for universities include public spending on research as well as a combination of government and student tuition fees for instruction. For the period 2001-2004, the government committed £120 million in financing to assist in the creation of university-linked businesses, with an extra £171 million provided in the expenditure review of 2002 for the purpose of fostering university-business link-ups. Kim Howells, Minister of Higher Education, made the following statement: "By fostering local enterprise and regenerating regions via their innovative work, universities can play an important role in strengthening the local economy. According to the findings of today's poll, they are continuing to increase productivity in the United Kingdom. With the higher education innovation fund, we are committed to assisting higher education in developing long-lasting, successful linkages with business, and we look forward to working with you." "The pioneering work of British scientists is directly contributing to corporate success, resulting in the creation of money and jobs," said Lord Sainsbury, minister for research and technology. Sir Howard Newby, the Hefce's chief executive, stated the following: "In this year's poll, universities and colleges are demonstrating that they are continuing to make significant contributions to the economic and social growth of their respective countries. It's encouraging to see such a diverse range of contacts spanning innovation, training, and - this year - recognition of their community-based efforts." University officials were quick to point to specific examples of spin-out enterprises that were created as a result of today's announcement and subsequent release of the study. Seabait Ltd, based in Newcastle, is a company that breeds marine worms for use as fish food. According to what I've heard, myarticles ,for-profit universities charge high tuition and encourage students to take out massive student loans to cover the costs. It appears that these colleges are taking advantage of people's lack of knowledge in order to enrol them in a programme that is more appropriate for them. They make it simple for students to incur debt in order to gain admission to their programmes, and many students pay a hefty price for an education that is frequently regarded as subpar or below-par at best. Businesses that are for profit strive to enhance their profits. That is exactly what they do. For-profit universities appear to be doing so successfully because of the steady stream of uneducated students who fall prey to their traps and enrol in their programmes. I assume most people don't complain because they don't want to confess that they were duped or that their pricey credential isn't really worth much. They also don't want to admit that they were duped or that their expensive certification isn't really worth much. According to the president of Alleghany College, the most significant difficulties facing higher education are as follows: Challenges include: affordability, access, student loans, and professional preparation. Solution: Schools must carve out a niche for themselves in order to remain relevant, as they have done by emphasising the development of good citizens rather than merely outstanding students. There were a variety of reasons why the colonists established institutes of higher learning. Many of the early settlers in New England were graduates of the royally licenced British institutions of Cambridge and Oxford, and they believed that education was vital for success. As Newfield explains in detail, the fundamental purpose for these institutions' establishment was to enhance their reputation, "...since they were adding renowned activities." And after U.S. News began publishing [college] rankings in the late 1980s, things really took off. His explanation for why public universities behaved in this manner is as follows: "...but I think some of it was simply that having a type of national profile was more essential than providing really strong regional service... When you start competing for blue chip out-of-state students in the 1990s and 2000s, the arms race in facilities escalates, and it only picks up speed again in 2008." Observations of public universities acting increasingly like companies made by Newfield were foreboding at the time. Laura Poppano writes in The New York Times about how the University of Alabama in Tuscaloosa has emerged as a "national player" in its desire to elevate its national prominence to that of other notable flagship state universities. The University of Alabama in Tuscaloosa's interim provost, Kevin W. Whitaker, is quoted as saying, "Berkeley, the University of Michigan, and the University of Virginia are the schools 'we [the University of Alabama in Tuscaloosa] compare ourselves against." According to Poppano, "instead of layoffs and cuts, several public colleges facing budget issues are adopting this pattern for survival: greater charges to students, and more of them." To this day, tuition and fees are the primary sources of revenue." In the example of Alabama, she points out that "tuition and fees have more than doubled in the last decade, reaching $10,470 for residents and $26,950 for nonresidents" in the state