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Dan Majerle’s Grand Canyon basketball team could be playing Arizona State in the future. (Cronkite News)

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PHOENIX — Facing bankruptcy, $20 million in debt and an enrollment of fewer than 1,000 traditional students, Grand Canyon University took on investors in 2004, making it the nation’s only for-profit university to compete in NCAA Division I athletics.

By NATHANAEL GABLER Cronkite News July 5, 2018
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