Grand Canyon University cites "stigma" of being a for-profit college; wants to become nonprofit and "join the traditional academic community".
"Executives at for-profit Grand Canyon University want to turn the company into a nonprofit, they said Wednesday, because of the "stigma" of being a for-profit. The move, if it happens, would be the first of its kind involving a publicly traded college company. While several for-profit colleges have become nonprofits, none of them were publicly traded like Phoenix-based Grand Canyon Education Inc. Grand Canyon is one of the largest colleges in the country and one of the few successful for-profits left on the market." -- Ry Rivard, Inside Higher Ed