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10 February 2010 @ 12:43 pm
I don't precisely understand  
Why are institutions like the University of Phoenix referred to as "for-profit colleges", but private schools like Harvard are not?
sinboysinboy on February 10th, 2010 05:51 pm (UTC)
Presumably Harvard doesn't have shareholders or owners that can take a profit from it's business. It's some form of nonprofit organization. It has a huge endowment, pays high salaries to lots of employees, but then so do other nonprofits.