Grand Canyon Education Inc., which runs a for-profit college based in Arizona, is giving up its 18-month effort to become a nonprofit institution.
The university's accreditor, the Higher Learning Commission, said in astatement on Friday that it had made its decision because the university had not met the requirements for the transition. The statement noted that the commission's criteria do not allow "for the separate school-corporation and service-corporation model."
Read more at The Chronicle of Higher Education: http://chronicle.com/article/Accreditor-Rejects-Grand/235608