Grand Canyon Eyes $2 Billion Exit From For-Profit College Stigma
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Grand Canyon University is considering a $2 billion escape from the for-profit college industry to shake off a “stigma” caused by some competitors.
The university told shareholders on Oct. 29 that it was exploring buying them out and converting to a nonprofit college as investigations of other schools tarnish the industry’s image. Grand Canyon Education Inc., the Phoenix-based school’s parent company, has a market value of $2.3 billion.