What is the difference between a for-profit and a non-profit university in the United States?

For-profit and non-profit universities differ primarily in their financial structures, governance, and academic goals. For-profit universities are run like businesses, and their main objective is to make a profit. Non-profit universities, on the other hand, are typically governed by a board of trustees or directors and are primarily focused on providing education and advancing research.

For-profit universities are often more expensive than non-profit universities, as they have higher operating costs and seek to generate revenue for shareholders. Non-profit universities, on the other hand, are typically subsidized by the government or private donors, and their operating costs are often lower than those of for-profit universities.

For-profit universities often offer degrees in fields that are in high demand, such as business, healthcare, and technology. Non-profit universities, on the other hand, may offer a wider range of degrees and programs, including liberal arts and humanities.

Another important difference is that for-profit universities often have less stringent admission requirements and may offer more flexible schedules to accommodate working students. Non-profit universities typically have more rigorous admission standards and may be less accommodating to non-traditional students.

It is important to note that not all for-profit universities are created equal, and some have been accused of predatory practices such as enrolling students who are unlikely to graduate or find employment in their field of study. It is important to do thorough research and consider all factors before choosing a university, regardless of its tax status.