The document discusses the significance of private higher education in Sri Lanka. It outlines some key aspects of private higher education such as providing education through qualified lecturers and extracurricular activities. Private higher education is defined as education offered by private individuals or corporations rather than the government, and students pay tuition fees. The advantages include better academic performance than public schools, more flexible degree options, and helping to reduce brain drain. The disadvantages are the costs to students and limited degree programs offered. The conclusion is that private universities attract qualified students unable to enter public universities and allow students to study preferred programs.