In fall 2014, the college announced the exploration of a return to non-profit status. ASU eventually reversed its decision, and sporting events between the two universities recommenced in the fall of 2020. ĭue to GCU's for-profit status (and various other reasons), Arizona State University had refused to play against GCU in any sport, even though both are NCAA Division I schools and located only 16 miles (26 km) apart. īy 2014 the accumulated student loan debt of Grand Canyon students was estimated to be more than $5.9 billion. GCU eventually reached a settlement in the case, and was forced to pay a $5.2 million fine to a former employee and the federal government. In 2008, the university was sued by the United States federal government for paying enrollment counselors according to how many students they had enrolled while at the same time accepting federal financial aid, a violation of the Department of Education's incentive compensation ban. In February 2017, Arizona Governor Doug Ducey said that the neighborhoods surrounding the university have experienced a 30% increase in housing values while concurrently seeing a 30% decrease in crime rates. A 2015 economic impact study revealed that the university was adding about $1 billion into the state's economy each year during its expansion. After having fewer than 1,000 students enrolled in 2008, the university had 17,500 students in the spring of 2017. Īfter the infusion of capital, Grand Canyon University's size increased. It trades on NASDAQ under the ticker symbol "LOPE". Significant Education changed to a corporation in 2005 and became publicly traded under a new name Grand Canyon Education, Inc in 2008. Clifford became managing director of the privatized institution, with the former board of trustees serving in an advisory role. Significant Education was a subsidiary of education entrepreneur Michael K. Suffering financial and other difficulties in the early part of the 21st century, the school's trustees authorized its sale in January 2004 to California-based Significant Education, LLC, making it the first for-profit Christian college in the United States. At this time, it also changed governance from the Southern Baptist Convention to the GCU Board of Trustees. In 1984, the college's trustees voted to transition the college to a university for the 40th anniversary of the school in 1989, becoming Grand Canyon University. On October 8, 1951, Grand Canyon College relocated to its current location in Phoenix. Southern Baptists felt the need to establish a faith-based institution that would allow local Baptists the opportunity to obtain a bachelor's or master's degree without going east to one of the Baptist colleges in Texas or Oklahoma. Grand Canyon College was founded as a nonprofit institution in 1949 in Prescott, Arizona. The university offers degree programs through its nine colleges including education, arts and media, humanities and social sciences, nursing and health care professions, science, theology, engineering and technology, and business. In 1999–2000, the university ended its affiliation with the Southern Baptist Convention. Grand Canyon was established by the Arizona Southern Baptist Convention on August 1, 1949, in Prescott, Arizona, as Grand Canyon College. As of September 2023, there are more than 100,000 students in attendance. Based on student enrollment, Grand Canyon University was the largest Christian university in the world in 2018, with 20,000 attending students on campus and 70,000 online. Grand Canyon University ( GCU) is a private for-profit Christian university in Phoenix, Arizona.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |