NINTH CIRCUIT RULES 3-0 IN GRAND CANYON UNIVERSITY'S FAVOR OVER NONPROFIT DECISION [Yahoo! Finance]
Grand Canyon Education, Inc. (LOPE)
Last grand canyon education, inc. earnings: 2/19 04:05 pm
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Source: Yahoo! Finance
PHOENIX Nov. 8, 2024 /PRNewswire/ -- Today, in a significant win for Grand Canyon University the United States Court of Appeals for the Ninth Circuit, in a 3-0 decision, held that the U.S. Department of Education (ED) acted unlawfully by applying the incorrect legal standard in determining GCU's nonprofit status and remanded the case back to ED. Despite GCU's nonprofit approvals from the State of Arizona , the Internal Revenue Service, the Arizona Board for Private Postsecondary Education and the Higher Learning Commission, ED, in 2019, refused to recognize the university's lawful nonprofit status. The Ninth Circuit held that ED exceeded the authority granted to it under the Higher Education Act in its unprecedented decision against GCU and remanded it back to apply the correct standard under the Higher Education Act — the traditional private inurement test — which the IRS has already approved and ED has not argued was an issue in its decision against GCU. In plain terms, the p
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- Grand Canyon University scores court victory in battle over nonprofit status [Yahoo! Finance]Yahoo! Finance
LOPE
Earnings
- 11/6/24 - Beat
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Sec Filings
- 11/20/24 - Form 144
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- 11/14/24 - Form 4
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