Value-added is the increased value. In terms of the nature of value, “ value-added ” philosophically signifies the increase in consistency between the existence, attributes, and changes of an object and the scale of the subject. In physics, it represents the enhancement of the degree of order in the structure and function of a system. In economics, it refers to the increase in the price and quantity of products. Broadly speaking, value-added in higher education includes three dimensions: the enhancement of value for learners, the improvement in the structural and functional order of higher education providers, and the increased satisfaction of accountability holders with higher education. In a narrow sense, value-added in higher education refers to the increase in post-graduation salaries for more students, the enhancement of the orderliness of cognitive schemas, and the improved satisfaction of employers with graduates. Value-added evaluation encompasses the starting point, outcomes, and entire process of higher education. Its functions include diagnosis, improvement, and supervision, with the ultimate goals of fostering quality, equity, and sustainable development.