Higher education sector brief introduction. The number of universities and colleges operating in Mongolia in the 2020-2021 academic year is 88, of which 37 (42%) are universities, 48 (54.6%) are higher education institutions, and 3 (3.4%) are colleges. Of the 48 universities, 3 (6.3%) are foreign universities. Of the total schools, 65 (73.9%) are non-government, 20 (22.7%) are state-owned, and 3 (3.4%) are public / religious.