This Young Lives paper analyses the cost-benefit of the marketisation of Peru's higher education system.  The authors draw on Young Lives quantiative and qualitative data to consider two questions: Who attends private higher-educational institutions in Peru, and what are the perceived advantages and disadvantages?

The authors argue that inequality within education begins early in life, with young people from affluent homes attending private institutions and those from poor households attending public ones.  Thus, family background plays a significant role in education choices.  

The perceived advantages of the marketisation of higher education include better opportunities for students, especially with technology and innovation, whilst the perceived disadvantages include institutions prioritising profit over quality education.  They further suggest that for-profit institutions cause disparities in the labour market.  

You can read the article at Wiley Online Library.