Original sentence: The colleges operated under a for-profit corporation for 20 years but in 2015 the colleges became non-profit when their assets were acquired by a newly formed 501(c)(3) public charity, Community HigherEd
Edited sentence: "‘For Profit’ is periphery to our primary mission and purpose and minimizes our long-term goal," states CEO Teresa Knox, "Our strategy is to increase the number and amount of scholarships offered to students in order to reduce student loan debt and expand educational and career opportunities to those that need it most.Although tax status with the IRS has changed, Founder Teresa Knox states that the company currently operates similar to a non-profit on many counts: it is socially wired, has a transparent culture, and is committed to being a contributing force to the community.Career colleges play a critical role in the nation's economic growth and development.The college wants to continue being evaluated, as all higher education institutions should be, on student outcomes….The colleges operated under a for-profit corporation for 20 years, and on June 30, the assets of the colleges were acquired by a newly formed 501(c)(3) public charity, Community HigherEd.With the U.graduation rates, job placement rates, and student loan default rates.ranking 14th in people between the ages of 25-34 with a college degree, career-focused training of specialized skills will continue being instrumental in improving that metric so that the country improves international standing