What is the cost of GCU degree online? False GCU degree in nursing. Grand Canyon College was founded as a nonprofit institution in 1949 in Prescott, Arizona. Southern Baptists felt the need to establish a faith-based institution that would allow local Baptists the opportunity to obtain a bachelor’s or master’s degree without going east to one of the Baptist colleges in Texas or Oklahoma. On October 8,1951, Grand Canyon College relocated to its current location in Phoenix. In 1984, the college’s trustees voted to transition the college to a university for the 40th anniversary of the school in 1989, becoming Grand Canyon University. At this time, it also changed governance from the Southern Baptist Convention to the GCU Board of Trustees.
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After the infusion of capital, Grand Canyon University’s size increased. After having fewer than 1,000 students enrolled in 2008, the university had 17,500 students in the spring of 2017. A 2015 economic impact study revealed that the university was adding about $1 billion into the state’s economy each year during its expansion. In February 2017, Arizona Governor Doug Ducey said that the neighborhoods surrounding the university have experienced a 30% increase in housing values while concurrently seeing a 30% decrease in crime rates.In 2008, the university was sued by the United States federal government for paying enrollment counselors according to how many students they had enrolled while at the same time accepting federal financial aid, a violation of the Department of Education’s incentive compensation ban. GCU eventually reached a settlement in the case, and was forced to pay a $5.2 million fine to a former employee and the federal government.