Description: The article is mainly talking about Grand Canyon University on CNBC that leaves it to the cakiness to find an online education entrepreneur.
When we come back, we can find we own a college that leaves it to the cakiness to find an online education entrepreneur, who bought a bricks-and-mortar college and they’re making a profit Mike on America. When we come back, we’ve all heard of going to college, perhaps starting a college and heaven forbid, even flunking out of college.
But who would want to buy a college? The answer is somebody looking to make a profit on America, this afternoon Mike Haggadahs goes back to school in Phoeni Arizona. You answer the question right and you get 200 point, it is the only private four-year traditional university in the state of Arizona Grand Canyon, it’s 90 acre Westside Phoenix campus opened in 1949.
GCU has 18 sports teams, and it is one of the few full-scale colleges of entrepreneurship in the United States four years ago. You could have bought the whole thing books benches and baseball bats for corporate pocket change. Why would a sane man buy a university?
He bought it, we didn’t know this as employees. But we were three days away from bankruptcy, so by assuming the university’s debt, Richardson an entrepreneur with a history of successful online education companies, owned a bricks-and-mortar University. Why do we believe that? As this goes along the universities that have campuses have programs, and have the online presence or the ones that will flourish, and that’s what GCU is doing, flourishing making a profit with over 2000 students attending classes in person.
It also has another 13,000 attending online from all over the world by approaching the educational marketplace like a business as opposed to an academic exercise. Richardson identified two initial growth areas, nurse, huge nursing shortage going to be a huge teacher shortage. So Grand Canyon has extensive programs in both, even setting up classrooms at hospitals and schools to help nurses and teachers get advanced degrees.
It expects enrollment to top 25,000 by 2009, the majority of those students attending online and yet Richardson plans a hundred and twenty five million dollars in campus, improvements online students about 60 or 70% of them come to graduation or come at one time to the campus. And they want to know that there’s something that’s been there since 1949.
And to paraphrase, my professors would be so proud on America Mike Haggadahs CNBC in Phoenix Arizona, and you can stay up to date with Mike and his terrific trips all over America by going to the blog and our website at CNBC.com.