- Grand Canyon University--a private, Christian, for-profit institution--is using profits from its online program to fund generous financial aid packages at its traditional campus in Phoenix.
- Students and investors are high on the school's business model, in which its 42,000 online students essentially subsidize the physical campus and its 6,500 students, who, after the 53% discount rate, pay an average of only $7,800 of the $16,500 sticker price.
- The university also recently acquired a 217-acre former high school campus in Massachusetts for another physical campus and have hopes of beginning a Division I athletics program.
From the article:
A private Christian university has tapped its lucrative online program to offer generous financial aid packages to students at a bustling traditional campus in Phoenix. The university just acquired a new campus in Massachusetts, is converting adjunct slots to full-time positions and is gunning for a Division I athletics program. Oh yeah, and Grand Canyon University is a for-profit. ...