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There seems to be a few institutions switching from for-profit to non-profit and a federal bill is trying to speed that up if possible.
More details here, Link:
Federal bill would attempt to speed for-profit conversions to nonprofit colleges | Higher Ed Dive
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Hey! That’s actually really cool! Wonder if APUS will try to convert? I could see them doing it.
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Keiser University did that years ago. They were already doing things most for-profits don't do, though, like have a dorm.
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Oh, weird. I didn’t look hard enough at Keiser and thought it was still for-profit. We opened a hotel in Tallahassee and I was scoping out local colleges.
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Paying yearly local and state taxes on real estate can add up over the years.
There are a bunch of other tax breaks that non-profit brick-and-mortar schools receive.
Add to the fact that for-profit schools are seen in a negative light. This makes it favorable for schools to convert to a non-profit.
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Grand Canyon U tried to convert from for-profit to non-profit and were not allowed to do so. I don't remember the details as to why they were denied.
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03-17-2022, 02:27 PM
(This post was last modified: 03-17-2022, 02:28 PM by ss20ts.)
(03-17-2022, 01:15 PM)Alpha Wrote: Grand Canyon U tried to convert from for-profit to non-profit and were not allowed to do so. I don't remember the details as to why they were denied.
https://www.insidehighered.com/news/2021...fit-status
https://ministrywatch.com/grand-canyon-u...nonprofit/
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Pacifica Graduate Institute, which offers on-campus and hybrid master's and doctorates in psychology- and mythology-related subjects with a Jungian and depth-psychology orientation, is one notable for-profit that seems like it'd fit in as a non-profit.
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