U.S. Universities an important export in education gold rush

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Universities Rush to Set Up Outposts Abroad

When John Sexton, the president of New York University, first met Omar Saif Ghobash, an investor trying to entice him to open a branch campus in the United Arab Emirates, Mr. Sexton was not sure what to make of the proposal — so he asked for a $50 million gift.

“It’s like earnest money: if you’re a $50 million donor, I’ll take you seriously,” Mr. Sexton said. “It’s a way to test their bona fides.” In the end, the money materialized from the government of Abu Dhabi, one of the seven emirates.

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The American system of higher education, long the envy of the world, is becoming an important export as more universities take their programs overseas.

In a kind of educational gold rush, American universities are competing to set up outposts in countries with limited higher education opportunities. American universities — not to mention Australian and British ones, which also offer instruction in English, the lingua franca of academia — are starting, or expanding, hundreds of programs and partnerships in booming markets like China, India and Singapore.

NY Times

[Deja Q]

1. When will American universities charge Americans the same costs they are charing Chinese and Indians

Last I checked the big university in MN raised its tuition about 9k...

;)

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2. U.S. schools have taken on the same motivationn for money as big business. nt