Last summer, the University of Arkansas System made waves when it announced plans to acquire Grantham University, a for-profit online institution catering to military-affiliated students, for just $1. At the time, the system already had an online-only college — eVersity, which was launched in 2015. The idea was to eventually combine Grantham University with eVersity, a plan that’s coming to fruition less than a year later.