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Michael K. Clifford
Professional based in Scottsdale, Arizona
Michael K. Clifford is an American education investor and consultant, recognized for his significant contributions to the for-profit higher education sector. He serves as the Chairman of MKC Advisor, LLC, a boutique merchant banking firm that connects investors with proprietary companies and funds, providing business development services aimed at growth and strategic partnerships.2
Early Life and Background
Clifford initially pursued a career in music, following in his father's footsteps, but later experienced a religious conversion that shifted his focus towards education. His connections through faith-based organizations led him to work with notable figures in the education sector, including John Sperling and Brian Mueller, and to engage in fundraising for various non-profits. Notably, he co-managed Pat Robertson's presidential campaign in 1988, which further solidified his involvement in the intersection of education and politics.1
Career Highlights
Clifford's career is marked by his role in transforming nonprofit colleges into for-profit institutions. He was instrumental in the establishment of several educational ventures:
- TeleUniversity (1999-2005): Served as President, leading the institution that became part of The University of Arizona Global Campus.
- Grand Canyon University: Acquired in 2004 on behalf of Dream Center Education Holdings, Clifford played a crucial role in its turnaround.
- American Way Education: Co-founded this organization, which owned Los Angeles College International until its closure in 2012.
- Chancellor University: Bought Myers University out of bankruptcy in 2008, renaming it and attempting to revitalize its offerings.
- Victory University: Acquired in 2009, it was later closed in 2014.
In addition to these roles, Clifford founded DreamDegree, an unaccredited online learning portal, and Significant Systems, a consultancy for higher education institutions, which later rebranded as SignificantFederation.13
Philosophy and Impact
Clifford is often described as an "educational entrepreneur," advocating for market-driven approaches in higher education. He emphasizes the need for educational institutions to provide accessible, affordable, and purposeful education. His philosophy includes lowering tuition costs and enhancing the quality of education through strategic investments and management practices. He has been a vocal critic of the traditional regulatory frameworks in education, arguing for a collaborative relationship between for-profit institutions and accrediting bodies.34
Through MKC Advisor, Clifford continues to influence the education sector by connecting investors with opportunities that align with his vision of improving educational access and quality while navigating the complexities of the for-profit education landscape.2