Step into the world of South University, where mystery intertwines with education. Nestled in the charming streets of Savannah, Georgia, this private university boasts a captivating story that spans decades. From birth to rebirth, South University has undergone transformations that have left many wondering: is this institution truly for profit? With its enigmatic name changes, ownership switches, financial woes, and legal battles, South University has become a swirling enigma that draws us in, enticing us to unravel the secrets that lie within its ivy-covered walls. Join us as we embark on a journey to uncover the truth behind South University’s tangled past and discover the ultimate answer to its true nature.
is south university for profit
Pro Tips:
1. South University offers a variety of degree programs in fields such as pharmacy, nursing, health professions, business, theology, and arts and sciences. Consider exploring the range of options available to find the program that aligns with your interests and career goals.
2. Be aware that South University has faced financial concerns and is currently under Heightened Cash Monitoring 2. It’s important to carefully consider the financial stability of the university and explore all available financial aid options before enrolling.
3. South University has campuses and off-campus instructional sites in various locations. If location is a factor for you, take the time to research the different campuses and instructional sites to see which one may best suit your needs and preferences.
4. Keep in mind that although South University converted to a not-for-profit status, the U.S. Department of Education still classifies it as for-profit. This distinction could have implications for financial aid eligibility, so make sure to understand how this designation may affect your educational funding options.
5. Stay informed about any ongoing legal issues or settlements involving South University. For example, the university was included in a student loan cancellation due to alleged fraud in 2022, with the settlement approved in 2022 and challenged in 2023. Stay updated on these developments to understand how they may impact your education and financial situation.
History and ownership of South University
South University is a private university located in Savannah, Georgia, with a rich history dating back to its founding in 1899. Over the years, the university and its ownership have undergone several transformations. Initially established as Draughon’s Practical Business College, the institution underwent various name changes before becoming South University.
At one point in its history, South University was acquired by Education Management Corporation (EDMC) in 2003. However, it is essential to note that South University is currently owned by Education Principle Foundation, a non-profit organization. This change in ownership was significant as it led to South University’s transition to non-profit status.
South University’s transition to non-profit status
In 2017, South University underwent a transformative process that involved the sale of the university to Dream Center Education Holdings and its subsequent conversion to a not-for-profit status. This change was made with the goal of aligning the university’s mission with the principles of a non-profit organization, focusing on providing quality education and supporting students’ success.
However, despite this transition, it is worth mentioning that the U.S. Department of Education continues to classify South University as a for-profit institution. This classification raises valid questions and further investigation into the university’s financial structure and operations.
Accreditation and program offerings at South University
South University prides itself on its accreditation by the Southern Association of Colleges and Schools Commission on Colleges. This accreditation is a testament to the university’s commitment to meeting and maintaining high educational standards. It ensures that South University offers a quality education to its students, and its degrees are recognized and valued.
The university offers a diverse range of degree programs to cater to the interests and career aspirations of its students. These programs span various fields, including pharmacy, nursing, health professions, business, theology, and arts and sciences. It is important to note that different programs may have specific accreditations that ensure their curriculum meets industry standards.
Financial concerns and controversies surrounding South University
Despite South University’s transition to non-profit status, the university has faced financial concerns over the years. In 2016, it was placed on probation by the Southern Association of Colleges and Schools due to financial concerns related to its previous ownership under EDMC. This probationary status raised questions about the university’s financial stability and created uncertainty among its students and stakeholders.
Additionally, South University experiences challenges related to its student body composition. The university serves a significant percentage of low-income students, which can present financial strains for both the institution and its students. South University’s financial concerns have led to it being placed under Heightened Cash Monitoring 2, a federal oversight measure to ensure responsible fiscal management.
Recent legal challenges and settlements involving South University
In recent years, South University has also faced legal challenges and controversies. A class-action lawsuit was filed against the university for robocalls, highlighting concerns regarding the university’s marketing and communication practices.
Furthermore, South University found itself included in student loan cancellation due to alleged fraud in 2022. This resulted in a settlement being approved in the same year. However, as of 2023, the settlement is facing challenges, introducing an additional layer of complexity and uncertainty for the university and its students.
In conclusion, while South University underwent a transition to non-profit status, its classification as a for-profit institution by the U.S. Department of Education raises valid concerns. The university’s history, ownership changes, accreditation, program offerings, financial concerns, and legal challenges intertwine to provide a broader picture of the institution. As South University navigates these challenges and seeks to provide quality education, addressing the various aspects discussed is vital for its future sustainability and the well-being of its student community.