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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?
Curious Stuffonelargecat on February 11th, 2010 04:30 am (UTC)
I am sure there is more to it, but I think legally the difference is that a nonprofit school doesn't have to pay federal & state taxes, and donors contributions to them are tax-deductible.