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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?
The Big O...Positivepopfiend on February 10th, 2010 05:55 pm (UTC)
All of Harvard's money goes back into the school. They don't have to show a profit and any money they make HAS to go back into the organization like any other non-profit.

Most colleges are non for profit institutions.

Many online college programs are not bound by this.