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This article needs additional citations for verification. National American University seal — gold. It is owned by National American University Holdings, Inc. These factors, among others, raise substantial doubt regarding the Company‚Äôs ability to continue as a going concern. National American University was established in 1941 as a one-year secretarial school by Clarence Jacobson. It was called National College of Business and was located in a downtown Rapid City building. In 1960, Jacobson had the building that all but dissertation houses administration for the Rapid City campus constructed at 321 Kansas City Street and moved National College to that location.

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In 1962, NCB was acquired by Harold D. Buckingham and members of his family. Shortly after the Buckinghams purchased the school, a period of growth began which led to the construction of the classroom buildings, dormitories, a library, gymnasium, and an auditorium. NCB was granted collegiate accreditation as a junior college by the Accrediting Commission of the Association of Independent Colleges and Schools in 1966.

Senior college accreditation was granted in 1970. The 1970s brought another period of growth, this time with the addition of several branch locations in the Midwest and Rocky Mountain regions. 1997 the university name was changed to National American University. The university made its first foray into the world of online education in 1996 and currently offers many classes and several degrees completely online through its Distance Learning campus. In 2012, the main Rapid City location was moved to its current location on Mount Rushmore Rd.

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