For-Profit School

What is a for-profit school?

A for-profit school is a private institution that’s independently owned and operated. Unlike nonprofit institutions like Goodwin University (or state-operated universities like those in the CSCU system), the primary goal of a for-profit school is to generate revenue for shareholders and investors.

If both nonprofit and for-profit schools are independently owned and operated, how do they differ from one another?

Nonprofit schools are mission-driven and prioritize high-quality programming. Revenue is reinvested into the school to support faculty development, scholarships and financial aid, updated facilities, and other student-centered services.

In contrast, for-profit schools operate like businesses. Revenue prioritized toward investor profits and marketing efforts. This difference in priorities can impact your overall educational experience.

Is it better to attend a nonprofit school?

When deciding where you'll study, remember that higher education isn't one-size-fits-all. It's important to do your homework and consider your personal and professional aspirations. Some factors you should weigh while making this decision include:

• Accreditation: Check that the school or program you're interested in is accredited. If you earn a degree from an unaccredited school, it can negatively impact your employment opportunities in the future.
• Cost and financial aid: Consider the cost of attending the school and what forms of financial aid are available. Nonprofit schools may offer private grants and scholarships to eligible students, which can be especially beneficial for undocumented and DACA students who are not eligible for federal aid.
• Educational focus: Think about the programs offered by the school. Do they match your goals and needs? If you're not sure what career path you want to take, choosing a school with a wide range of majors can help you explore different options.
• Mission and philosophy: Explore the school's mission and approach to learning. Understanding the school's philosophy can help determine if it aligns with your goals and values.
• Support services: Look into the availability of tutoring, counseling, career development, and other student services. At nonprofit schools, access to these services may be included in the tuition fees. These services can enhance your college experience and help you succeed academically and professionally.

At Goodwin University, we start with you. Learn more and begin your Goodwin journey today!