Grand Canyon University might be a school for ultramarathoners (super marathoners)..guys and gals who run multiple marathons in one day. I know of one race that goes from rim to rim of the Grand Canyon and back all in one day. But that is not relevant here. Sorry.
Grand canyon school was a traditional University with an annual shortfall of $12 million to $15 million as late as 2004. It broke even last year and is now turning a profit.
The difference is, it was bought by a significant other - Significant Education and turned into a fopro school.
It now has about 9200 students nationwide with roughly 70% of them online.
How long can a school continue to operate in the red?
How long can a school continue to ask alumni, states, the government for money?
How long can a school sit and wait for someone to ask, "Hey can I donate $20 million to you for a right off so you can spend that in one year?
How long will it be before the traditional schools learn that they can operate like a business without compromising its (the school's) bottom line - delivering a quality education?
Schools CAN make money and deliver quality education is what I think.
What do you think?
It is amazing a school waits for people to donate money when they are obviously religiously prejudice.
Posted by: Anonymous | August 22, 2006 5:31 PM | Permalink to Comment