Which type of college is owned by a private company and aims to profit from tuition?

Which type of college is owned by a private company and aims to profit from tuition?

• A. Public College
• B. Trade School
• C. For-Profit College
• D. Private College

Answer: (C)

Understanding how colleges differ in ownership and goals is key here. A for-profit college is owned by private individuals or a company and runs to generate profit from tuition and fees for its owners. That profit motive is the defining feature, setting it apart from public colleges (government-funded) and private nonprofit colleges (privately funded but reinvest any surplus into the institution rather than distributing profits). Even though trade schools can be for-profit, nonprofit, or public, the scenario described—owned by a private company with the aim of profiting from tuition—points to the for-profit model.

Understanding how colleges differ in ownership and goals is key here. A for-profit college is owned by private individuals or a company and runs to generate profit from tuition and fees for its owners. That profit motive is the defining feature, setting it apart from public colleges (government-funded) and private nonprofit colleges (privately funded but reinvest any surplus into the institution rather than distributing profits). Even though trade schools can be for-profit, nonprofit, or public, the scenario described—owned by a private company with the aim of profiting from tuition—points to the for-profit model.