Starting a private University is not as easy as you think it is as there are so many things that would have to be in check before it could be accredited which would cost so much money but within the range of $5 million in my country but might be more than that if you want to make it an international standard.
How much can start a private university in your country?
- Thread starter Niyi Briggs
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- #22
I already know that. But most of the world's renowned universities are private. It is not a business for the upper middle class. It is for wealthy people because it requires a huge outlay of start up capital.
It is never an easy thing to actually build a university from scratch and fix all.the necessary tools and equipment in place for each and every faculty and department of the school to be able to run it at international or even national standard.
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- #24
You can actually start with a single faculty and few departments that you can afford. The key is to make sure that you are delivering quality. With time, it would grow.
Having just a single faculty as a private university will not get your accredited because you need to have at least two or three faculties with a standard infrastructure and the curriculum for teaching the students should also be of standard.
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- #26
If so, you can start with two faculties. The crux of the matter is that it can be started at the most basic level. You can start with faculties that have more to do with the humanities which doesn't require much equipments to set up anf run.
how will you feel to go to a university that does not have a faculty of engineering and does not have faculty of health do that one aside but faculty of engineering is very very essential and having those work of these you need a lot of equipment a lot of tools in that faculty.
Even though I know it's something that can actually be very lucrative from the amount of money you are going to be making from it I'm not sure if I have what it takes to run a private university.
Just be sure that you have at least $50,000 to set up everything to start a private university.
