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Home/ Questions/Q 1742
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Aditya Pratap Singh
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Aditya Pratap SinghMaster
Asked: May 31, 20222022-05-31T13:56:39+05:30 2022-05-31T13:56:39+05:30In: SRM University, Kattankulathur

Is SRM University a not-for-profit university?

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Non-profit online colleges exist to fulfill an educational mission, rather than to generate a profit. They cannot distribute earnings to owners by law, but instead have to re-invest money back into the school. They are exempt from federal corporate income taxes and may receive direct public funding or have charitable endowments. As a result, they may offer lower tuition and/or more types of financial aid.

Since the profit generated from the college is partly distributed among the trusties and partly reinvested in the college itself, SRM University cannot be called a Non-Profit University.

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