American College of Education is a proprietary, or “for-profit” institution. But our tax status is not our value system: American College of Education defines itself as being “for-purpose.”
We were the first organization in the state of Indiana to become a Certified B Corporation, which is defined as a business “that balances purpose and profit. [B Corps] are legally required to consider the impact of their decisions on their workers, customers, suppliers, community, and the environment. This is a community of leaders, driving a global movement of people using business as a force for good.”
You’ve undoubtedly heard the bad news about higher education. From the student debt crisis to the sudden closing of struggling universities, from admissions scandals to so-called diploma mills, there has been no shortage of negative stories.
But from our very foundations, ACE’s business model has forged a new path. American College of Education is truly different, filling a critically important role in the higher education ecosystem.
How is the American College of Education for-profit business model different?
ACE has always been proud of the fact that we do not participate in Title IV federal student loan funding programs. Why should we be proud of that?
Rather than set our tuition at levels that almost always require a student to take out loans, ACE believes in making education realistically affordable: tuition under $8,000 for a master’s degree in education, and under $20,000 for our Ed.D. or RN to MSN programs. That’s half — and sometimes even two-thirds less — than tuition at other institutions. Many ACE students pay out of pocket, as they go, and therefore are able to graduate debt-free.
Fewer loans means a brighter financial future for our students after they get their degrees. It also helps ACE maintain financial stability. With many proprietary institutions, if Title IV funds are interrupted, they lose their revenue stream; many have failed or folded as a result. This is a scenario in which ACE never has and never will find itself.
Can you prove it’s working?
Yes! According to our most recent Student Right to Know statistics, ACE’s student satisfaction rate is at 95 percent. 96 percent say that their professional skills are stronger after attending ACE, and employers rate ACE graduates as “above average” or “excellent” 88 percent of the time.
Our employees are happy, too. At ACE, we continually receive national and state recognition for being one of the best places to work.
We believe in putting people first. As a socially conscious institution, we believe we have a responsibility to our students, alumni, employees, local communities, and society as a whole. We strive to make an impact that goes well beyond our bottom line.
As a certified B Corporation, we’ve joined a movement that redefines success in business as companies that are not just the best in the world, but the best for the world.
So, the answer to the question “Is American College of Education for-profit?” is yes. But we’re changing what that means through our actions every day.
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