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Predatory Colleges, Converted To Non-Profit, Are Failing (David Halperin, Republic Report)

Higher Education Inquirer

Finally, there is ultra-wealthy Arthur Keiser and his Keiser University, whose 2011 conversion from for-profit to non-profit was comparable to Carl Barney and CEHE: a sale of the for-profit school owned by Keiser, at a remarkably high valuation, to a non-profit controlled by Keiser.