Fairmount International University
After Preston moved from Wyoming to Alabama in 2007, Preston chancellor Jerry Haenisch announced that a new distance education school, Fairmount International University, would offer an online business program from Preston's former Cheyenne offices. Preston and Fairmount were both to be owned by Abdul Basit, who served as president of both institutions, and Jerry Haenisch would serve as chancellor of both. However, Fairmount International University was not established and does not operate in Wyoming.
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“I am not willing to be drawn further into the toils. I cannot accede to the acceptance of gifts upon terms which take the educational policy of the university out of the hands of the Trustees and Faculty and permit it to be determined by those who give money.”
—Woodrow Wilson (1856–1924)