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Item 1.

(a) Name of Issuer: Grand Canyon Education, Inc. (“Grand Canyon”)

(b) Address of Issuer’s Principal Executive Offices: 3300 West Camelback Road, Phoenix, Arizona 85017.

Item 2.

2(a). Name of Person Filing:

Charles M. Preston III
220 Management, LLC, a Delaware limited liability company (“220 Management”)
220 GCU GP, L.P., a Delaware limited partnership (“220 GCU GP”)
220 GCU, L.P., a Delaware limited partnership (“220 GCU”)
SV One GP, L.P., a Delaware limited partnership (“SV One GP”)
SV One L.P., a Delaware limited partnership (“SV One”)
220 Education, L.P., a Delaware limited partnership (“220 Education”)
220 SigEd, L.P, a Delaware limited partnership (“220 SigEd”)

220 Management is the general partner of 220 GCU GP and SV One GP, which are the general partners of 220 GCU and SV One, respectively. 220 Management is also the general partner of 220 Education, which is the general partner of 220 SigEd. Charles M. Preston III serves as the sole managing director of 220 Management.

2(b). Address of Principal Business Office:
One American Center
600 Congress Avenue, Suite 200
Austin, Texas 78701

2(c). Citizenship:

Charles M. Preston III: United States

220 Management, 220 GCU GP, 220 GCU, SV One GP, SV One, 220 Education, and 220 SigEd: Delaware

2(d). Title of Class of Securities: Common Stock, $0.01 par value per share

2(e). CUSIP: 38526M 106

Item 3.		If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

               Not Applicable.

Item 4. Ownership

With respect to the beneficial ownership of the reporting persons, see Items 1 and 5 through 11 of the cover pages to this Schedule 13, which items are incorporated by reference herein.

This Schedule 13G reports the beneficial ownership of the Reporting Persons as of December 31, 2008.

On February 13, 2009, the following distributions were made: (i) 220 Education distributed all of the shares of Common Stock of Grand Canyon held by it to its general and limited partners; (ii) 220 GCU distributed 1,835,326 shares of Common Stock of Grand Canyon held by it to its general and limited partners; (iii) 220 SigEd distributed 1,037,828 shares of Common Stock of Grand Canyon held by it to its limited partners; and (iv) SV One distributed 2,560,147 shares of Common Stock of Grand Canyon held by it to its general and limited partners. As a result of these distributions, no Reporting Person is a beneficial owner of more than five percent of Grand Canyon’s Common Stock.