One of the features of marketization of higher education is to think of the college student as a customer; however, the educational context is not necessarily the same as the business context. When the concept of the customer in business marketing is applied to the administration of higher education, what will it affect the traditional role of the college student? By means of the analysis of the related literature, this paper (1) compares traditional higher education with marketized higher education, (2) business marketing with educational marketing in the context of marketized higher education, and (3) the customer of business marketing with the customer of higher education marketing, and (4) clarify the meaning of the new role of the college student in the context of marketized higher education.