Friday, January 9, 2015

Herzing University becomes a nonprofit organization - Rick Romell, Journal Sentinel

Herzing University, one of Wisconsin's oldest and largest for-profit career colleges, has converted to nonprofit status. The transition makes the Milwaukee-based institution, which has some 6,000 students, and campuses in eight states, a tax-exempt educational institution under section 501(c)(3) of the U.S. Internal Revenue Code. The move comes in the wake of new federal regulations on for-profit schools that drew widespread opposition from the industry. It also means Herzing will no longer be subject to the oversight of Wisconsin's Educational Approval Board, which two years ago broached a short-lived regulatory proposal that Herzing said was "grossly unfair and would be catastrophic" to for-profit schools. http://www.jsonline.com/business/herzing-university-becomes-a-nonprofit-organization-b99419151z1-287365131.html

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