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It was founded in 1892 as Strayer's Business College [1] and later became Strayer College, [2] before being granted university status in 1998. Strayer University operates under the publicly-traded holding company Strategic Education, Inc. , which was established in 1996 and rebranded in 2018 following its merger with Capella University .
In April 2011, Welch approached Robert Silberman, CEO and Chairman of Strayer Education, Inc., to discuss moving the institute to Strayer University. [6] Welch paid nearly $2 million to buy back his namesake from Chancellor, stating that "Chancellor wasn't a good vehicle."
Strayer Education Inc. was a publicly traded corporation, established as a holding company for the college and other assets in 1996. The company was created to take what was then Strayer College public and raise capital for expansion. Its corporate headquarters are in Herndon, Virginia. [17] [18] Karl McDonnell has been CEO since May 2013.
Post-9/11 GI Bill; Other short titles: Post-9/11 Veterans Educational Assistance Act of 2008, Supplemental Appropriations Act of 2008: Long title: An Act making appropriations for military construction, the Department of Veterans Affairs, and related agencies for the fiscal year ending September 30, 2008, and for other purposes
In 2009, Welch founded the Jack Welch Management Institute (JWMI), a program at Chancellor University that offered an online executive Master of Business Administration. The institute was acquired by Strayer University in 2011. [45] Welch had been very actively involved with the curriculum, faculty and students since the beginning of the ...
Waldorf University – Forrest City, Iowa, In 2010, it was sold to Columbia Southern University and became a for-profit institution; twelve years later, on January 1, 2022, ownership was transferred to the Waldorf Lutheran College Foundation, returning the university to its non-profit roots.
The for-profit education industry also receives billions of dollars through VA benefits also known as the GI Bill. [102] According to a CBS News report in 2017, 40 percent of all GI Bill funds went to for-profit colleges. [103] For-profit colleges receive money for servicemembers and their spouses attending college while still in the military ...
[94] [95] In the 2012–2013 academic year, 31 percent of GI Bill funds went to for-profit colleges. Veteran participation in these schools, in effect, transferred $1.7 billion in post-9/11 GI Bill funds to these schools. [96] According to a CBS News report in 2017, 40 percent of all GI Bill funds went to for-profit colleges. [97]