Grand Canyon University

Date: Dec 31 1969
Major: Education (This Major's Salary over time)
I feel like the leadership at GCU has really turned the school around. This was just printed today in Barron's:

"Education Secretary Arne Duncan said the data confirm, 'students attending for-profit schools are the most likely to default. While for-profit schools have profited and prospered thanks to federal dollars, some of their students have not. Far too many for-profit schools are saddling students with debt they cannot afford in exchange for degrees and certificates they cannot use. This is a disservice to students and taxpayers, and undermines the valuable work being done by the for-profit education industry as a whole.'

"Here?s a sample of how the schools scored in percentage of loans defaulting in fiscal 2008:

American Public University (run by American Public Education (APEI)): 5.2%

Grand Canyon University (run by LOPE): 3.4%

University of Phoenix (run by APOL): 12.9%

Kaplan University (run by Washington Post?s (WPO) Kaplan division): 17.2%

Everest College, San Bernardino, California (run by Corinthian Colleges (COCO)): 31%

Colorado Technical University (run by Career Education Corp. (CECO)): 12.4%

Strayer University (run by Strayer Education (STRA): 6.7%

DeVry University (run by DeVry (DV):10.2%

In an email late this afternoon, BMO Capital analyst Jeff Silber remarked of Grand Canyon?s results that, ?While their default rate did increase to 3.4% from 1.4%, its still among the lowest in the industry, including not for profit schools. This is another indicator of the relatively high quality nature of the company and its students, in our view.?

Everyone working at GCU showed what a great place it is by being hard-working an focused. Great job, fellow alumni!!!