ducky23 said:
BearSD said:
cal83dls79 said:
bluehenbear said:
Antelopes playing like whirling dervishes
Refs giving them a lot of steps and gaels not going the the line.
this st Mary's game is nuts. Is Grand Canyon a college?
It's a for-profit degree mill.
Ok someone needs to explain this whole Grand Canyon thing cause it's so perplexing to me (call me outdated if you want)
- what exactly is a for profit college. Who is profiting? Is it owned by corporations? Shareholders?
- how is Grand Canyon able to afford to bring in so many transfers? Do they have NIL? Where is it coming from?
- why do they have so many fans? How did all these students afford to travel to Spokane?
I'm not an expert on these things, but I'll give it a shot.
Grand Canyon Education, Inc. is a for-profit corporation publicly traded on the NASDAQ exchange, stock symbol
LOPE. (The university team's mascot is the Antelopes, or "Lopes".) Several years after beginning operations as a for-profit company, they started trying to get around the for-profit issue, because the regulations for nonprofit colleges are less rigorous. They created a separate nonprofit entity that they say is the actual university, and they claim it is separate from the for-profit corporation, which they now say just provides all of the services and infrastructure to the university (in exchange for very hefty fees funneled from the university entity back into Grand Canyon Education, Inc.) The Department of Education doesn't buy the corporate shell game and classifies GCU as a for-profit institution. Among other things, the same person serves as both CEO of Grand Canyon Education, Inc. and president of the university.
How can they afford transfers, or NIL, or sending lots of their students to Spokane for March Madness? I don't know where the money for those things specifically comes from, but they say they have well over 100,000 students including 92,000 studying online, and all paying private-school tuition. Grand Canyon Education, Inc. has a market cap of about $4 billion. So, there shouldn't be much problem financing those things if they want to do that.