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<SEC-DOCUMENT>0000950123-11-000027.txt : 20110103
<SEC-HEADER>0000950123-11-000027.hdr.sgml : 20101231
<ACCEPTANCE-DATETIME>20110103083157
ACCESSION NUMBER:		0000950123-11-000027
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110103
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20110103
DATE AS OF CHANGE:		20110103

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Grand Canyon Education, Inc.
		CENTRAL INDEX KEY:			0001434588
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-EDUCATIONAL SERVICES [8200]
		IRS NUMBER:				203356009
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34211
		FILM NUMBER:		11500257

	BUSINESS ADDRESS:	
		STREET 1:		3300 W. CAMELBACK ROAD
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85017
		BUSINESS PHONE:		602-639-7500

	MAIL ADDRESS:	
		STREET 1:		3300 W. CAMELBACK ROAD
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85017
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c10312e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Form 8-K</TITLE>
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<P style="font-size: 14pt" align="center"><B>UNITED STATES<BR>
SECURITIES AND
EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P style="font-size: 18pt" align="center"><B>FORM 8-K</B>

<P style="font-size: 12pt" align="center"><B>CURRENT REPORT<BR>
Pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P style="font-size: 10pt" align="center"><B>Date of Report (Date of earliest
event reported): January 3, 2011 (December 28, 2010)</B>

<P style="font-size: 24pt" align="center"><B>Grand Canyon Education,
Inc.<BR>
</B><FONT style="font-size: 10pt">(Exact name of registrant as
specified in its charter) </FONT>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="32%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="33%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="32%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B>Delaware</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>001-34211</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>20-3356009</B></TD>
 </TR>
 <TR valign="top">
  <TD>(State or other Jurisdiction of Incorporation)</TD>
  <TD>&nbsp;</TD>
  <TD>(Commission File Number)</TD>
  <TD>&nbsp;</TD>
  <TD>(IRS Employer Identification No.)</TD>
 </TR>

</TABLE>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="100%" border="0">

 <TR>
  <TD width="49%">&nbsp;</TD>
  <TD width="1%">&nbsp;</TD>
  <TD width="49%">&nbsp;</TD>
 </TR>
 <TR valign="bottom">
  <TD style="border-bottom: #000000 1px solid"><B><BR>
3300 W. Camelback
Road<BR>
Phoenix, Arizona<BR>
</B></TD>
  <TD>&nbsp;</TD>
  <TD style="border-bottom: #000000 1px solid"><B>85017</B></TD>
 </TR>
 <TR valign="top">
  <TD>(Address of Principal Executive Offices)</TD>
  <TD>&nbsp;</TD>
  <TD>(Zip Code)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="center">Registrant&#8217;s telephone number,
including area code: <B>(602) 639-7500</B>
<TABLE style="font-size: 10pt; text-align: center" cellspacing="0"
cellpadding="0" width="30%" border="0">

 <TR>
  <TD width="100%">&nbsp;</TD>
 </TR>
 <TR>
  <TD style="border-bottom: #000000 1px solid" nowrap><BR></TD>
 </TR>
 <TR>
  <TD nowrap>(Former name or former address if changed since last report.)</TD>
 </TR>

</TABLE>


<P style="font-size: 10pt" align="left">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:

<P style="font-size: 10pt" align="left"><FONT face="Wingdings">o</FONT> Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)<BR>
<BR>
<FONT face="Wingdings">o</FONT> Soliciting material pursuant
to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR>
<BR>
<FONT
face="Wingdings">o</FONT> Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


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</DIV>

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">1
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<P align="left" style="font-size: 10pt"><B>Item&nbsp;1.01. Entry into a Material Definitive Agreement.</B>


<P style="font-size: 10pt; text-indent: 4%" align="left">As disclosed in its prior filings, since 2005, Grand Canyon Education, Inc. (the &#147;University&#148;) has been a party to a
Collaboration Agreement with Mind Streams, L.L.C., which is a company owned and operated, in part, by Gail Richardson,
the father of Brent D. Richardson, the University&#146;s Executive Chairman, and Christopher C. Richardson, the University&#146;s
General Counsel and a director. Under this agreement, which expired on December&nbsp;31, 2010, Mind Streams identified
qualified applicants for admission to the University in return for which it was a paid a stated percentage of the net
revenue (calculated as tuition actually received, less scholarships, refunds, and allowances) derived by the University
from those identified applicants that matriculated at the University.


<P style="font-size: 10pt; text-indent: 4%" align="left">As a result of new rules adopted by the U.S. Department of Education and effective July&nbsp;1, 2011, the University has
determined that revenue sharing arrangements like the Collaboration Agreement, and the manner in which it pays amounts
due Mind Streams under the Collaboration Agreement, will most likely no longer be permitted. Accordingly, the
University had previously determined to allow the Collaboration Agreement to expire by its terms effective December&nbsp;31,
2010. In connection with such planned expiration and in consideration for amounts that the University would continue
to owe to Mind Streams under the Collaboration Agreement following such expiration in respect of anticipated net
revenue derived from any such currently matriculated students&nbsp;identified by Mind Streams who continue to take courses
at the University in the future, the University&nbsp;and Mind Streams entered into an agreement, dated December&nbsp;30, 2010,
pursuant to which the University has agreed to pay Mind Streams an amount equal to (a) $8.5&nbsp;million, plus (b)&nbsp;Mind
Streams&#146; applicable share of any net revenue actually received by the University on or before February&nbsp;28, 2011 with
respect to any such matriculated students that began a course prior to November&nbsp;1, 2010. In return, Mind Streams has
agreed to (i)&nbsp;accept such amounts in full and complete satisfaction of all amounts owed by the University to Mind
Streams under the Collaboration Agreement, and (ii)&nbsp;transfer to the University a proprietary database of potential
student contacts. The amount paid by the University covers both the present value of Mind Streams&#146; allocable share of
such anticipated net revenue as well as the value of the acquired database.




<P style="font-size: 10pt" align="left"><B>Item&nbsp;8.01. Other Events.</B>

<P style="font-size: 10pt; text-indent: 4%" align="left">On September&nbsp;16,
2010, the United States filed a notice with the United States District Court
for the District of Arizona (the &#8220;District Court&#8221;) that it intended
to appeal, before the U.S. Court of Appeals for the Ninth Circuit (the
&#8220;Court of Appeals&#8221;), the District Court&#8217;s June&nbsp;10, 2010
and August&nbsp;17, 2010 orders overruling the United States&#8217; objections
to the settlement of the False Claims Act <I>qui tam </I>case, <I>United States
of America ex rel. Ronald D. Irwin v. Significant Education, Inc., </I>and the
Court&#8217;s August&nbsp;20, 2010 order dismissing that matter with prejudice
pursuant to the settlement.

<P style="font-size: 10pt; text-indent: 4%" align="left">On December&nbsp;27,
2010, the United States filed a motion with the Court of Appeals seeking to
voluntarily dismiss its appeal of the District Court&#8217;s orders. The Court
of Appeals granted this motion on December&nbsp;28, 2010. As a result, the
settlement agreement previously approved by the District Court will take effect
on the terms previously disclosed. Subject to the distribution of the
settlement amount from escrow in accordance with the terms of the settlement
agreement, the <I>Irwin </I>matter, which was originally filed in 2007 and
unsealed in 2008, is now finally resolved.

<P style="font-size: 10pt; text-indent: 4%" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">2
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<P style="font-size: 10pt" align="center"><B>SIGNATURES</B>

<P style="font-size: 10pt; text-indent: 2%" align="left">Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.

<P style="font-size: 10pt" align="left">Date: January&nbsp;3, 2010

<P style="font-size: 10pt; margin-left: 46%" align="left">GRAND CANYON
EDUCATION, INC.

<P style="font-size: 10pt; margin-left: 46%" align="left">By: <U><B>/</B>s/
Daniel E.
Bachus&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
Daniel
E. Bachus<BR>
Chief Financial Officer<BR>(Principal Financial and
Principal Accounting Officer)

<P style="font-size: 10pt" align="center">&nbsp;

<P style="display: none; font-size: 10pt" align="center">3
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