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For-profit colleges receive money for servicemembers and their spouses attending college while still in the military. [98] In fiscal year 2018, for-profit colleges received $181 million or 38 percent of all DOD TA funds. For-profit schools also receive money from DOD for education of military spouses. The program is known as MyCAA. [99] [100]
For-profit colleges, universities, and other educational institutions providing higher education (meaning tertiary, quaternary or in some cases post-secondary education) in the United States. Most traditional public and private universities are non-profit institutions.
The number of for-profit colleges rose from about 200 in 1986 to nearly 1,000 in 2007. [57] From 1990 to 2009, for-profit colleges grew to 11.8 percent of all undergraduates. [58] For-profit college enrollment expanded even more after the 1998 reauthorization of the Higher Education Act resulted in more deregulation.
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Proprietary colleges are for-profit colleges and universities generally operated by their owners, investors, or shareholders in a manner prioritizing shareholder primacy as opposed to education provided by non-profit institution (such as non-sectarian, religious, or governmental organization) that prioritize students as project stakeholders.
For-profit colleges that became non-profit colleges [ edit ] Conversions from for-profit to nonprofit are legitimate when the assets and income are fully committed to the educational purpose, and control by private interests is eliminated.