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Jamall Walker hired as assistant at Grand Canyon
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<blockquote data-quote="sacraig" data-source="post: 1536336" data-attributes="member: 586845"><p>Right. Basically, they said "we would like to go non-profit" for property tax purposes. The catch was they were just going to contract with Grand Canyon Education, a for-profit, for many of their services. The university itself would be non-profit and tax-exempt but would still be wholly dependent on the "former" parent company, which could continue charging the same prices and making the same level of profits as desired. The university itself would have been little more than a non-profit shell company for the for-profit "contractor." That is why the Department of Education still classified GCU as a for-profit institution even after it officially switched to non-profit.</p><p></p><p>Shoot, even their motto, "Find Your Purpose," reeks of profiteering to me since it implies that they are seeking students who want to come take classes and explore what they want to eventually do, all the while paying the for-profit company while you sort out your own goals.</p></blockquote><p></p>
[QUOTE="sacraig, post: 1536336, member: 586845"] Right. Basically, they said "we would like to go non-profit" for property tax purposes. The catch was they were just going to contract with Grand Canyon Education, a for-profit, for many of their services. The university itself would be non-profit and tax-exempt but would still be wholly dependent on the "former" parent company, which could continue charging the same prices and making the same level of profits as desired. The university itself would have been little more than a non-profit shell company for the for-profit "contractor." That is why the Department of Education still classified GCU as a for-profit institution even after it officially switched to non-profit. Shoot, even their motto, "Find Your Purpose," reeks of profiteering to me since it implies that they are seeking students who want to come take classes and explore what they want to eventually do, all the while paying the for-profit company while you sort out your own goals. [/QUOTE]
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Jamall Walker hired as assistant at Grand Canyon
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