Is Southern New Hampshire University Truly Non-Profit?

General discussions concerning institutions and degree programs.

Is Southern New Hampshire University Truly Non-Profit?

Postby worldtraveler » Sun Jul 27, 2014 3:43 am

I am just curious as to how Southern New Hampshire University can call themselves non-profit? Have you seen the tuition they charge? I appreciate the input.

http://www.snhu.edu/249.asp

Online Undergraduate Programs Per-Course* Per-Credit Hour*
Degrees/Certificates $960 $320
Degrees/Certificates (Active-duty Military and their Spouses) $675 $225
Online Graduate Programs
Degrees/Certificates $1,881 $627
Degrees/Certificates (Active-duty Military and their Spouses) $1,410 $470
Additional Costs: Books (course-by-course)
All RN to BSN students beginning their course of study or re-enrolling on or after June 2013 will be charged a learning resource fee of $89.00 upon registration in NUR 320 Patient-Centered Assessment.

Students are responsible for providing their own internet access.
worldtraveler
Member
 
Posts: 64
Joined: Wed Apr 02, 2014 8:35 pm

Re: Is Southern New Hampshire University Truly Non-Profit?

Postby Tark » Sun Jul 27, 2014 5:27 pm

I am just curious as to how Southern New Hampshire University can call themselves non-profit?


Because they re-invest any excess revenue in the school -- rather than distributing it to owners or shareholders.

Have you seen the tuition they charge?


It appears to be less expensive than the tuition at Harvard Extension, which is also non-profit:

Tuition for Harvard Extension School courses ranges from $1,250 for undergraduate-credit courses to $2,200 for graduate-credit courses.
Tark
Senior Member
 
Posts: 590
Joined: Fri Feb 24, 2006 6:42 pm

Re: Is Southern New Hampshire University Truly Non-Profit?

Postby nosborne48 » Sun Jul 27, 2014 7:21 pm

How can ANY organization that pays one or more of its officers $1 million/year be a "nonprofit"? :evil:
Una cosa mala nunca muere.
nosborne48
Senior Member
 
Posts: 4158
Joined: Tue Jan 17, 2006 12:42 am

Re: Is Southern New Hampshire University Truly Non-Profit?

Postby worldtraveler » Sun Jul 27, 2014 10:48 pm

Great call nosborne48. Just like the "For Profits", it is greed at it's finest, but with a loophole.
worldtraveler
Member
 
Posts: 64
Joined: Wed Apr 02, 2014 8:35 pm

Re: Is Southern New Hampshire University Truly Non-Profit?

Postby SteveFoerster » Sun Jul 27, 2014 11:17 pm

A lot of people think that an institution's tax status is somehow a big deal. This just goes to show that it isn't necessarily very important. There are for-profit schools that offer good value, and non-profit ones run by people just looking to feather their own nests. Keiser University in Florida is an example, they were a for-profit school for decades, then eventually converted to being a non-profit, still run by the same family. Does anyone think their approach to students has significantly changed?
BS, Information Systems concentration, Charter Oak State College
MA in Educational Technology Leadership, George Washington University
PhD in Leadership, U. of the Cumberlands (in progress)
More about me at my site
SteveFoerster
Senior Member
 
Posts: 2352
Joined: Wed Jan 18, 2006 8:41 pm
Location: Northern Virginia & Dominica, West Indies

Re: Is Southern New Hampshire University Truly Non-Profit?

Postby Tark » Mon Jul 28, 2014 11:09 pm

Just like the "For Profits", it is greed at it's finest


So "one million dollars" -- which is about what the highest-paid non-profit college presidents get -- is "greed at it's finest" ?
If you believe that, then you have a lot to learn about greed.

I can show you much finer greed. Simply compare that shocking "one million dollar" compensation at non-profits with the compensation at for-profits, as documented in this this recent news story:

Strayer Education Inc., a chain of for-profit colleges that receives three-quarters of its revenue from U.S. taxpayers, paid Chairman and Chief Executive Officer Robert Silberman $41.9 million last year. That’s 26 times the compensation of the highest-paid president of a traditional university. ...

Since 2003, nine for-profit college insiders sold more than $45 million of stock apiece. Peter Sperling, vice chairman of Apollo’s University of Phoenix, the largest for-profit college, collected $574.3 million.

John G. Sperling, Apollo’s 89-year-old founder and executive chairman, received $263.5 million from stock sales during the last seven years. Robert B. Knutson, retired CEO and chairman of Pittsburgh-based Education Management, the second- largest for-profit college chain by enrollment, got $132.4 million. Dennis Keller and Ronald Taylor, former co-CEOs of DeVry Inc., a Downers Grove, Illinois-based for-profit higher education company, together collected $110.4 million in stock proceeds. ...

At the same time, the industry registered the worst loan-default and four-year-college dropout rates in U.S. higher education. ... Students at for-profit colleges are defaulting on their loans at three times the rate of those at private, nonprofit institutions, according to data from the U.S. Department of Education, which is tightening regulation of the industry. The graduation rate for first-time, full-time candidates for four- year degrees at for-profit colleges is 22 percent, compared with 55 percent at state colleges and 65 percent at private nonprofit universities.


Sure, I would like to see lower administrative pay at non-profit institutions. But the worst excesses in this regard -- as in just about every other regard -- are at the for-profits.
Tark
Senior Member
 
Posts: 590
Joined: Fri Feb 24, 2006 6:42 pm

Re: Is Southern New Hampshire University Truly Non-Profit?

Postby cbkent » Sat Aug 02, 2014 11:42 pm

Being president of a private college can be very lucrative, even if the school is a non-profit.
http://www.nytimes.com/2009/11/02/educa ... .html?_r=0

Some chiropractic college presidents are very well compensated, and enjoy salaries approaching $1 million/yr.
http://www.dallasnews.com/news/communit ... stions.ece
http://www.stltoday.com/news/local/educ ... 275ac.html
http://chronicle.texterity.com/chronicl ... a?pg=8#pg8
http://www.cecruncher.com/latest+news/j ... president/

Curious about the top paid individuals in a US non-profit? Visit Guidestar, and check out their Form 990s. It's free and, in an odd way, fun.
http://www.guidestar.org/
cbkent
Senior Member
 
Posts: 111
Joined: Fri Mar 10, 2006 3:03 pm

Re: Is Southern New Hampshire University Truly Non-Profit?

Postby Millie » Thu Aug 07, 2014 5:21 am

That might be possible that its a non profit college. There are several of the non profit organizations who are paying more then one million dollars salaries to its workers. Only the tax department can verify What's on "Southern New Hampshire University" upto on.
A medical helper earns upto the mark of average US citizen earning.With the training of few weeks you can join this profession. Salary and Jobs graph shows that with the passage of time the demand for such employees will be increased.
Millie
New Member
 
Posts: 1
Joined: Wed Aug 06, 2014 5:51 am

Re: Is Southern New Hampshire University Truly Non-Profit?

Postby SteveFoerster » Thu Aug 07, 2014 1:16 pm

They've been a non-profit for nearly fifty years. It's not the sort of thing you can lie about and no one figures it out.
BS, Information Systems concentration, Charter Oak State College
MA in Educational Technology Leadership, George Washington University
PhD in Leadership, U. of the Cumberlands (in progress)
More about me at my site
SteveFoerster
Senior Member
 
Posts: 2352
Joined: Wed Jan 18, 2006 8:41 pm
Location: Northern Virginia & Dominica, West Indies


Return to General Discussions

Who is online

Users browsing this forum: No registered users and 3 guests

cron