Herzing University Makes The Switch And Goes Non-Profit

Milwaukee based, Herzing University, is moving out of the for-profit sector and jumping on the non-profit bandwagon.

Herzing University is known as one of the largest for-profit universities in the state of Wisconsin. It currently has over 6,000 students enrolled in the available career driven programs and has campuses located in several other states.

Under the new non-profit status, the college and its students will be able to benefit from the financial aid that is issued by the state, which was previously unavailable.

The university and its employees were rather vocal proponents of the newly introduced federal regulations requiring for-profit schools to ensure that their students meet standards to become “gainfully employed.” This new standard requires students to pay out no more than 20% of their unrestricted earnings or 8% of their total earnings when paying their student loans. The U.S. Department of Education has made it a priority for schools that are operating for profit to make sure that their students are able to meet these minimum standards.

If these regulations are not achieved, for-profit schools may potentially lose federal funding via student aid. Without the availability of these funds, many students will in turn be unable to attend the university, which will then have a ripple effect on the for-profit school’s ability to function due to financial constraints.

Herzing has yet to make an official statement on the switch according to the Journal Sentinel. However, executive secretary of Wisconsin’s Education and Approval Board, David Dies, believes the new federal regulations to be one of the biggest motivating factors behind the switch.

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