Grand Canyon University made about $28 million during the second quarter of this year, between April and June.
The private, Christian school’s earnings jumped about 7 percent compared to the second quarter of 2015. GCU’s rise in income correlates with the percent increase in enrollment during the same period.
GCU has exceeded analyst expectations for profit margins, and that’s translated into more value for students, said President and CEO Brian Mueller.
“The students, both ground and online, have benefited significantly from the financial performance of the institution in many ways, especially as we compare our average debt levels to students at both private and public universities,” Mueller said.
GCU student debt is lower because many graduate in less than four years, according to Mueller. By taking online courses during the summer, he said on-campus students can cut one semester out of the time needed to complete a degree.
