Dr. Bill Belew
Issue II - June 18, 2006
Introduction by Mr. Stolyarov:
The acquisition of Grand Canyon University by Significant
Education -- a for-profit organization -- led to the university's
preservation and financial turnaround. In this article, Dr. Belew
further illustrates that it is possible for universities to make
money and deliver quality education at the same time.
Grand Canyon University might be a school for ultramarathoners (super
marathoners) -- guys and gals who run multiple marathons in one day. I
know of one race that goes from rim to rim of the Grand Canyon and back
all in one day. But that is not relevant here. Sorry.
Grand Canyon School was a traditional University with an annual
shortfall of $12 million to $15 million as late as 2004. It broke even
last year and is now turning a profit.
The difference is, it was bought by a significant other --
Significant Education -- and turned into a fopro school.
It now has about 9200 students nationwide with roughly 70% of them
How long can a school continue to operate in the red?
How long can a school continue to ask alumni, states, and the
government for money?
How long can a school sit and wait for someone to ask, "Hey, can I
donate $20 million to you right off so you can spend that in one year?"
How long will it be before the traditional schools learn that they
can operate like businesses without compromising their (the schools')
bottom line -- delivering a quality education?
Schools can make money and deliver quality education is what I
What do you think?
Dr. Bill Belew is a former Intelligence
Officer for a Destroyer Squadron. He lived 20 years in Japan, where he
started a language school for Japanese
Dr. Belew teaches classes for a vocational school and online for a
See Dr. Belew's blog,
for news and discussions about business and current events in Russia and
for Dr. Belew's reports on business in China,
on business in Japan, and
TheBizofKnowledge on business education.
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