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Are Ivy League schools for-profit? No. Ivy League schools may be expensive, but they are non-profit institutions. All eight Ivy League schools are private non-profit schools. Each of these highly-regarded institutions fits the most important qualifications of a non-profit institution. The majority of money earned through the operation of each Ivy League school is re-invested into the school for state-of-the-art equipment, infrastructural maintenance, courtship of top educators, meaningful research, student activities, and the countless other experiences that make college so enriching. This does not, however, mean that you can't take Ivy League classes online. To find out how, check out Ivy League Online Degrees…Coming Soon to a Computer Near You Are private schools for-profit? While for-profit colleges are technically private companies, the phrase private school typically refers to an institution that is both not-for-profit and tax exempt. By contrast to public colleges and universities, private non-profit schools draw less funding from state and federal coffers.