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Performance evaluation is essential for the development of higher education. Effective evaluation indicators can motivate private colleges to enhance their educational quality. The Balanced Scorecard (BSC) framework emphasizes balancing short-term and long-term goals, economic and non-economic objectives, and stability with development. It integrates strategic and daily management, ensuring sustainable growth. This chapter uses BSC to develop a governance performance evaluation system for private higher education groups. Through focus group interviews and individual consultations with experts, followed by Delphi method surveys, a comprehensive indicator system is established. The final system includes five primary indicators: finance, customers, internal processes, learning and growth, and organizational governance, along with 16 secondary and 50 tertiary indicators.