Item 8.01. Results of Operations and Financial Condition.

Entry into Memorandum of Understanding with Valparaiso University. On August 28, 2020, Grand Canyon Education, Inc., a Delaware corporation (the "Company"), entered into a Memorandum of Understanding (the "MOU") with Valparaiso University, a private nonprofit university located in Valparaiso, Indiana ("Valpo"). The MOU describes the key terms of two agreements that the parties propose to enter into with one another:

(i) Under a services agreement between the Company's Orbis Education subsidiary and Valpo, Orbis Education would assist Valpo in establishing and managing hybrid (online and ground-based) nursing and related healthcare programs of Valpo at two sites located in the Midwest United States. The terms of this agreement would be generally consistent with those that have been entered into with Orbis Education's other 25 university partners.

(ii) Under a separate services agreement between the Company and Valpo, the Company would assist Valpo in creating and managing certain online graduate programs (the "Graduate Programs"). The key terms of this agreement, including the term and fees, remain to be negotiated.

The MOU is non-binding, the obligations of the parties to effect a relationship based on the terms described above are subject in all respects to the negotiation, execution, and delivery of mutually acceptable definitive agreements, and no assurance can be given that such agreements will be entered into.





Item 9.01. Exhibits.



(d)  Exhibits



Exhibit No.                                 Description

104           Cover Page Interactive Data File (formatted in Inline XBRL and
              contained in Exhibit 101)




                                       2

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