ECONOMY

More students seen entering private colleges

Faculty members parade through the seating area ahead of a university graduation ceremony in this file photo. The number of students entering private sector tertiary education in Greece this academic year is expected to rise by an annual rate of 15 percent, with upcoming changes to laws regulating the sector seen as boosting its credibility, research company ICAP said yesterday. The increase comes after the number of students entering post-secondary school private education dropped for the 2009-10 academic year by 12.5 percent. The figure had been continually rising since 2003-04. ‘Demand for private sector tertiary education comes mainly from excessive demand for education that cannot be met by public organizations,’ ICAP said in a statement. Data from 13 businesses in the sector showed pretax profit in 2008 rose 11.50 percent on an annual basis, while earnings before, interest, tax, depreciation and amortization grew by 17.7 percent.