Grand Canyon Education isn't a university — it's the outsourced engine behind them. It sold its own campus to a nonprofit in 2018 and now runs the technology, marketing, counseling and back-office for 22 university partners, taking a slice of tuition on each. About 86% of its ~$1.03B revenue comes from a single client, Grand Canyon University, which pays GCE 60% of its adjusted gross revenue under a 15-year contract.
What Grand Canyon Education, Inc. really sells
Grand Canyon Education isn't a university — it's the outsourced engine behind them. It sold its own campus to a nonprofit in 2018 and now runs the technology, marketing, counseling and back-office for 22 university partners, taking a slice of tuition on each. About 86% of its ~$1.03B revenue comes from a single client, Grand Canyon University, which pays GCE 60% of its adjusted gross revenue under a 15-year contract.