Grand Canyon University

TheBizofKnowledge ^ | June 16, 2006 | Dr. Bill Belew

[G. Stolyarov II]

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, and the government for money?

How long can a school sit and wait for someone to ask, "Hey, can I donate $20 million to you 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 businesses without compromising their (the schools') bottom line -- delivering a quality education?

Schools can make money and deliver quality education is what I think.

What do you think?

[G. Stolyarov II]

This article further illustrates that it is possible for universities to make money and deliver quality education at the same time; more universities -- even those based on a traditional model of education -- should shift to a for-profit basis; when the university makes money, the university (not the government or the donors) also gets to decide what gets taught, putting education under the direct control of those actually delivering it. See Dr. Belew's blog at TheBizofKnowledge

[grey_whiskers]

Ping, IIRC.

Hope all is well with you and yours :-)

Cheers!