Hello There, Guest! (LoginRegister)

Post Reply 
Grand Canyon University and the for-profit model
Author Message
AllTideUp Offline
Heisman
*

Posts: 5,154
Joined: Jul 2015
Reputation: 559
I Root For: Alabama
Location:
Post: #1
Grand Canyon University and the for-profit model
I thought this article was interesting.

GCU is only for profit school in Division 1

They're making a ton of money through online enrollment and I suppose eventually they will have to alter some practices in order to obtain non-profit status again, but what they've been able to accomplish since 2004 is impressive to me.

Looks like they have a 1st class basketball arena as well and are still growing as a campus.

Depending on how things go in the future, I wonder how their rapid growth will affect realignment.
02-21-2018 04:42 PM
Find all posts by this user Quote this message in a reply
Advertisement


Wedge Offline
Moderator
*

Posts: 19,862
Joined: May 2010
Reputation: 964
I Root For: California
Location: IV, V, VI, IX
Post: #2
RE: Grand Canyon University and the for-profit model
IIRC, it was mentioned in a different article that the obstacle to GCU becoming a nonprofit institution is that they would have to buy out the shareholders of the for-profit corporation, which would require a very large amount of money. A good guess is that to do that buyout, they would have to take out large bank loans using the university's real estate as collateral, if they could even borrow that much.

EDIT: They're not proposing to buy out the shareholders of the corporation. They're proposing to create a relatively small nonprofit that would own the campus properties and employ professors and other instructors. The for-profit corporation would continue on and would provide most administrative functions to GCU under a contract with the nonprofit corporation.
(This post was last modified: 02-22-2018 01:17 AM by Wedge.)
02-21-2018 06:09 PM
Find all posts by this user Quote this message in a reply
billybobby777 Offline
The REAL BillyBobby
*

Posts: 11,898
Joined: May 2013
Reputation: 502
I Root For: ECU, Army
Location: Houston dont sleepon
Post: #3
RE: Grand Canyon University and the for-profit model
GCU is the only school to do it The for profit way. And they are rightly ridiculed for it. It’s shameful.
02-21-2018 06:38 PM
Find all posts by this user Quote this message in a reply
YNot Offline
All American
*

Posts: 4,671
Joined: May 2014
Reputation: 298
I Root For: BYU
Location:
Post: #4
RE: Grand Canyon University and the for-profit model
(02-21-2018 06:38 PM)billybobby777 Wrote:  GCU is the only school to do it The for profit way. And they are rightly ridiculed for it. It’s shameful.

I don't know much about the for-profit education model. Why is it shameful?

Aren't there for-profit hospitals, medical clinics, health insurance programs, charter schools, etc.?

The NFL is a non-profit. Is the for-profit versus non-profit dichotomy really the clear standard to measure funding models, intentions and morality?
02-21-2018 06:42 PM
Find all posts by this user Quote this message in a reply
Advertisement


Shox Offline
Special Teams
*

Posts: 883
Joined: Oct 2007
Reputation: 66
I Root For: Wichita State
Location:
Post: #5
RE: Grand Canyon University and the for-profit model
(02-21-2018 06:38 PM)billybobby777 Wrote:  GCU is the only school to do it The for profit way. And they are rightly ridiculed for it. It’s shameful.

Why? I think it actually might be a sustainable model for smaller schools going forward. They still have to pass all regulatory bodies that have to do with accreditation. If they are churning out well qualified employable graduates, then who cares?
02-21-2018 07:11 PM
Find all posts by this user Quote this message in a reply
Chappy Offline
Resident Goonie
*

Posts: 18,888
Joined: Dec 2008
Reputation: 899
I Root For: ECU
Location: Raleigh, NC
Post: #6
RE: Grand Canyon University and the for-profit model
There are some for-profit schools that take advantage of people who can't get into traditional schools. Others are fine.

The old school colleges and universities however look down on the for-profit schools, though, because that's what they do. They are very snobby.
02-21-2018 07:15 PM
Find all posts by this user Quote this message in a reply
Lopes87 Offline
1st String
*

Posts: 1,569
Joined: Jan 2017
Reputation: 38
I Root For: GCU
Location:
Post: #7
RE: Grand Canyon University and the for-profit model
GCU will hear as early as next week if their 2nd application of going back to nonprofit is approved and those at GCU feel as if they will be granted their wish of becoming nonprofit again.
02-21-2018 08:24 PM
Find all posts by this user Quote this message in a reply
Advertisement


NoDak Offline
Jersey Retired
Jersey Retired

Posts: 6,958
Joined: Oct 2005
Reputation: 105
I Root For: UND
Location:
Post: #8
RE: Grand Canyon University and the for-profit model
(02-21-2018 07:11 PM)Shox Wrote:  
(02-21-2018 06:38 PM)billybobby777 Wrote:  GCU is the only school to do it The for profit way. And they are rightly ridiculed for it. It’s shameful.

Why? I think it actually might be a sustainable model for smaller schools going forward. They still have to pass all regulatory bodies that have to do with accreditation. If they are churning out well qualified employable graduates, then who cares?

Socialist professors and administrators are up in arms. A for-profit education college is a threat to their very existence. Public U's have a right to raise tuition every year by 10% with help by government loans to keep their gouging system.
02-21-2018 08:26 PM
Find all posts by this user Quote this message in a reply
dbackjon Online
Hall of Famer
*

Posts: 12,010
Joined: May 2010
Reputation: 657
I Root For: NAU/Illini
Location:
Post: #9
RE: Grand Canyon University and the for-profit model
(02-21-2018 08:26 PM)NoDak Wrote:  
(02-21-2018 07:11 PM)Shox Wrote:  
(02-21-2018 06:38 PM)billybobby777 Wrote:  GCU is the only school to do it The for profit way. And they are rightly ridiculed for it. It’s shameful.

Why? I think it actually might be a sustainable model for smaller schools going forward. They still have to pass all regulatory bodies that have to do with accreditation. If they are churning out well qualified employable graduates, then who cares?

Socialist professors and administrators are up in arms. A for-profit education college is a threat to their very existence. Public U's have a right to raise tuition every year by 10% with help by government loans to keep their gouging system.

LOL
02-21-2018 08:29 PM
Find all posts by this user Quote this message in a reply
teamvsn Offline
Special Teams
*

Posts: 944
Joined: Feb 2016
Reputation: 55
I Root For: NAIA
Location: Reno as of 2023
Post: #10
RE: Grand Canyon University and the for-profit model
A friend's daughter goes to GC. She likes it.

I've worked for a non-profit. In theory, a non-profit is just like a for-profit except the target is 0% return on revenues rather than (say) 10%. In reality being a non-profit means that you think many other things are more important than money, and the result is a lot of inefficiencies that would never be tolerated in a for-profit organization. Got an incompetent secretary? Well, she's been having a rough time so we need to support her. She figures out that as long as she's having a tough time, she's got a job. Lots of examples like that to be had. So a for-profit organization has a lot of advantages over a non-profit, summarized with the idea that a for-profit has easily identifiable and measurable goals with which to judge performance.

And this puts non-profit competitors under pressure. They don't like it.

On the other hand, the long term academic measurables of Grand Canyon aren't in yet. I understand they tend to over-rely on adjunct professors that are transient in nature. I'm not sure this can lead to good academic outcomes.
02-21-2018 08:31 PM
Visit this user's website Find all posts by this user Quote this message in a reply
Advertisement


Jjoey52 Offline
All American
*

Posts: 4,035
Joined: Feb 2017
Reputation: 236
I Root For: ISU
Location:
Post: #11
Grand Canyon University and the for-profit model
I have a friend whose son goes to GCU. He is getting a quality education and really likes the campus. At least they are honest in being a for profit school, which is more honorable than some of the non profits who are raking in the cash.


Sent from my iPad using Tapatalk
02-21-2018 11:18 PM
Find all posts by this user Quote this message in a reply
Captain Bearcat Offline
All-American in Everything
*

Posts: 9,478
Joined: Jun 2010
Reputation: 766
I Root For: UC
Location: IL & Cincinnati, USA
Post: #12
RE: Grand Canyon University and the for-profit model
(02-21-2018 07:11 PM)Shox Wrote:  
(02-21-2018 06:38 PM)billybobby777 Wrote:  GCU is the only school to do it The for profit way. And they are rightly ridiculed for it. It’s shameful.

Why? I think it actually might be a sustainable model for smaller schools going forward. They still have to pass all regulatory bodies that have to do with accreditation. If they are churning out well qualified employable graduates, then who cares?

I agree.

People in most Western countries used to think that electric utilities, airlines, aerospace, shipbuilding, and oil companies needed to be non-profit. Then Margaret Thatcher privatized (or privatised, as she would write) about 50 British firms in the 80s. The result was not only an economic boom, but also a burst of innovation in those industries. It was so successful that over 100 countries initiated privatization programs in one form or another.

There is no fundamental reason why education needs to be non-profit.

The main reason education is non-profit is that government firms dominate the industry. You can't compete against the government: they can (and will) operate at a loss, change the rules of the game, and play dirty to drive you out of business.
02-22-2018 01:58 PM
Find all posts by this user Quote this message in a reply
esayem Offline
Hark The Sound!
*

Posts: 16,264
Joined: Feb 2007
Reputation: 1207
I Root For: Olde Ironclad
Location: Tobacco Road
Post: #13
RE: Grand Canyon University and the for-profit model
Does a master’s even mean anything anymore?
02-22-2018 09:01 PM
Find all posts by this user Quote this message in a reply
joeben69 Offline
Special Teams
*

Posts: 997
Joined: Nov 2017
Reputation: 45
I Root For: sdsu, ucsd, usd
Location:
Post: #14
RE: Grand Canyon University and the for-profit model
Decision about Grand Canyon University's non-profit status expected soon
https://www.azcentral.com/story/news/loc...361046002/
02-23-2018 03:25 AM
Find all posts by this user Quote this message in a reply
Post Reply 




User(s) browsing this thread: 1 Guest(s)


Copyright © 2002-2024 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
We allow third-party companies to serve ads and/or collect certain anonymous information when you visit our web site. These companies may use non-personally identifiable information (e.g., click stream information, browser type, time and date, subject of advertisements clicked or scrolled over) during your visits to this and other Web sites in order to provide advertisements about goods and services likely to be of greater interest to you. These companies typically use a cookie or third party web beacon to collect this information. To learn more about this behavioral advertising practice or to opt-out of this type of advertising, you can visit http://www.networkadvertising.org.
Powered By MyBB, © 2002-2024 MyBB Group.