Arizona State Treasurer · Election Day Nov. 3
Never
Mansour.
Nick Mansour ran a for-profit nursing college whose Tempe program the State put on 36 months of probation. Now he wants to manage Arizona’s $33 billion — and take more risk with school money.
The 30-second version
Three things to know before you vote.
-
His college’s program went on state probation.
The Arizona State Board of Nursing put Arizona College of Nursing’s Tempe BSN program on 36-month probation in 2022, after 14 complaints. He was Chairman and CEO.
AZBN Order 210504RN96500100 → -
He wants more risk with school money.
He says the education endowment is “over allocated to bonds” and its payout could go from about 2.5% to above 5%.
Arizona PBS, Aug. 25, 2026 → -
He still calls the college his credential.
“We grew it from one campus to 21… and our graduates thrived.” That’s the pitch. The probation isn’t in it.
Politics Unplugged, Sept. 13, 2026 →
In his own words
He still leads with the college.
“I ran a school called Arizona College of Nursing. We grew it from one campus to 21… and our graduates thrived.”
Politics Unplugged, Sept. 13, 2026. That’s the résumé he’s running on — the same college whose Tempe program the State of Arizona put on 36-month probation.
Growth was the goal. Oversight caught up. Now he wants the state’s checkbook.
01 · The college he’s proud of
Probation.
Arizona College of Nursing is a for-profit school owned by Eduvision, Inc. Nick Mansour was its Chairman and CEO while complaints piled up and the State stepped in.
The Arizona State Board of Nursing placed the Tempe BSN program on probation by consent order, effective May 2022.
AZBN Order 210504RN96500100 →Complaints the Board received and identified between May and November 2021, per the order’s Findings of Fact.
Findings of Fact ¶2 →Eduvision, Inc. d/b/a Arizona College of Nursing. His own campaign bio: “Chairman and CEO.” The college catalog: “Chairman of the Board.”
His title, their catalog →Dallas students alleged they were enrolled despite licensure-blocking background issues, and that CARES Act emergency aid never reached them.
Allegations in a federal complaint — not a verdict.
N.D. Tex. 3:22-cv-01713 →02 · Everywhere he expanded
Red flags.
Arizona wasn’t the only place regulators and educators pushed back as the college grew under his leadership.
Connecticut’s nursing board pulled back part of its approval for the college’s East Hartford campus in 2022, saying the school wasn’t transparent about its Arizona probation.
The campus opened in 2023 under an agreement citing both sides’ “desire to avoid litigation.”
CT Board of Examiners for Nursing →Of Tempe campus borrowers defaulted on their federal student loans (Oct. 2018 – Sept. 2021). The national rate was about 2%.
Per New America’s analysis of federal data.
New America, Feb. 2024 →Of students completed the program in 2021. In 2019 it was 71%. Of students who enrolled in 2016–17, only 60% graduated.
The college attributed the 2021 figure to COVID-19.
New America, Feb. 2024 →Wisconsin college presidents — including Marquette and UW-Milwaukee — signed a letter opposing his Milwaukee campus in 2024. Nurses’ unions and labor groups joined them.
He appeared as chairman to defend it. Tuition: more than $20,000 a year.
Urban Milwaukee, June 2024 →He calls it thriving. The State called it probation.
Why it matters
The Treasurer’s job is to protect the money.
Arizona’s Treasurer oversees about $33 billion — the state’s cash and the endowment that helps fund public schools. The job rewards caution. His pitch is growth.
“We’re over allocated to bonds today, and we should be doing more on the public index side.”Nick Mansour · Arizona PBS · Aug. 25, 2026
03 · The money
More risk.
He said the education endowment’s distribution of about 2.5% could be raised above 5% “with the proper guard rails.” More paid out today means less protection for tomorrow.
Arizona PBS →What the Arizona Treasurer oversees, per the Arizona Republic’s coverage of the June 2026 Clean Elections debate.
The size of the job →“We’re still trying to figure out whether the treasurer can say… we’re not sending a check.”Nick Mansour · Copper Courier · Sept. 17, 2026
He says he has consulted constitutional lawyers on whether the Treasurer can refuse to pay ESA expenses the Superintendent has already approved.
04 · Before the college
Eleven million.
False Claims Act settlement over home-oxygen Medicare billing at Pacific Pulmonary Services / Braden Partners, where he had been VP of business development.
Settled in 2017, years after he left. He was not a named party. No admission of liability.
DOJ, April 2017 →Raised by Mansour for Arizona — including at least $85,000 of his own money.
Transparency USA →Don’t hand the state’s checkbook to a man still proud of that record.