A quick word on "Non-Profit"

[bjcheung77]

I've seen many schools boasting of their non-profit status. Just keep in mind that non-profit does NOT mean there is no money, or that even that they somehow break even. Non-profit just means proceeds are not payable as dividend to its owners and are not normally taxable.

For an example, below is a link to a famous non-profit, Southern New Hampshire University:

https://projects.propublica.org/nonprofi...s/20274509

As you can see, the school generated over $250 Million in revenue in 2013 with over $28 Million in Net Income, which in the corporate world is another word for profit. This goes for any non profit educational institution.

I'm not saying that there is any value judgement to be made here, but I see many students touting non-profit status to somehow mean they aren't getting fleeced, and I just wanted to remind everyone Caveat Emptor.

Hey, thanks for the info posted. I always thought and knew that non profit institutions were cheaper than the for profit ones, but didn't really research why, until this thread came up.