"Privatization," sometimes referred to as "public-private partnerships," has achieved increasing prominence among public and private universities and colleges seeking to improve their delivery of various services. Privatization has already become relatively common in the operation of school bookstores, dining services and laundry services. More recently, use of privatization has expanded to address one of the greatest challenges currently confronting higher education – providing attractive, "technologically advanced" and affordable student housing during times of increased student enrollment and reduced budgets.

Privatization generally refers to the process by which public and private institutions enhance their delivery of services by transferring control over certain assets and "peripheral functions" to private parties....

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