"Colleges and universities that contract with an online program management company need to submit details about those arrangements by May 1." https://www.insidehighered.com/news/2023/02/16/education-department-review-rules-online-program-providers — read more
Keeping the propaganda going...
WEST LAFAYETTE, Ind. — Perhaps no television talk show is more appropriate for Purdue Global than “The Balancing Act.” After all, Purdue Global students – adult learners – stand out for their ability to successfully take classes while also holding... — read more
Purdue Global 2022 Numbers
Net operating loss of $100M for FY 2022. Decreased operating revenues ($360M) Increased expenses ($460M) Nonoperating revenues up to $110M (from $62M) Net position -$32M (improved from -42M) See page 82-83... — read more
1449 Borrower Defense Claims
"On May 6, 2021, Kaplan received a notice from the Department of Education (ED) that it would be conducting a fact-finding process pursuant to the borrower defense to repayment (BDTR) regulations to determine the validity of more than 800 BDTR claims... — read more
Purdue and Purdon't Marketed Together
“The excellence and ideals that led Fast Company to recognize Purdue University for a second year come to life in Purdue Global,” said Frank Dooley, chancellor of Purdue Global. “Beginning with the expansion of Ethan Braden’s portfolio to lead... — read more
3rd Quarter Report coming out in November...
https://www.sec.gov/edgar/browse/?CIK=104889&owner=exclude And the (real) Purdue University Annual Report...
Kaplan University and the College Meltdown
Kalplan squeezing less from Purdue Global (aka Pur-Don't)
"Higher Education includes the results of Kaplan as a service provider to higher education institutions. In the second quarter and first six months of 2022, Higher Education revenue declined 7% and 4%, respectively, due largely to lower costs... — read more
Kaplan and US Higher Education History
"In 2015, Corinthian Colleges and Le Cordon Bleu went out of business. A year later ITT Tech closed all of its doors. The Art Institutes also closed dozens of campuses. In 2018, Virginia College campuses closed, and Kaplan Higher Education sold its... — read more
Sweet v Cardona
Concord University rated as a top online law school by Princeton Review
What more can I say?
What happens to all the Kaplan University/Purdue Global students with insurmountable debt?
They end up as lifelong customers of Maximus. https://www.highereducationinquirer.org/2022/01/maximus-student-loan-debt-and-poverty.html
Homework due January 28 from Professor Warren
How to Get Rich Sending Low-Income Workers to College
Kaplan's friends at Guild Education... https://www.bloomberg.com/features/2021-free-college-through-tuition-assistance-guild/ https://www.highereducationinquirer.org/2021/04/guild-education.html
Purdue Global loses another $60 million
Purdue University Annual Report Out on Friday, Posted Soon After
Care to take a guess what the Purdue University Global numbers will look like?
Imagine what the student loan debt numbers look like now
In 2014, the 5-year student loan default rate at Kaplan University was 53 percent and accumulated student loan debt was $6.6 billion. Imagine what the numbers look like now for Purdue University Global. ... — read more
This Graham Holdings Company-Purdue Global situation really is a racket. Purdue still owes Kaplan $113 million but GHC can write it off their taxes. The US government has to pay for this mess, first with the CARES Act money, then with the money... — read more
From the CEO...
"The school that systematically misleads students or enrolls those who don't have the capability of succeeding is unlikely to last long. It will have a difficult time making money, and it will build problematic word of mouth in the community in which... — read more
Still living the lie?
Purdue University Global (aka Kaplan)... https://www.thelayoff.com/t/1dpDWE6i
Purdue University Global Avoids FTC Scrutiny
Who says tax status doesn't matter... https://www.republicreport.org/2021/ftc-announces-crackdown-on-predatory-college-abuses/
The Great Master's Degree Swindle
"If you want to pay more and get less go to a for-profit school like DeVry, the University of Phoenix, or Purdue Global." https://www.chronicle.com/article/the-great-masters-degree-swindle
To all the enrollment advisors...
Like KHE? https://www.youtube.com/watch?v=chDzSVACpf0&list=PLObvln1-MJdS8xQVjAdV7RnrLwrfdJ7r4&index=22
Student loan default is a traumatic, stigmatizing experience. Because of that, many working people keep the pain of their student loan problems to themselves. https://www.proquest.com/docview/2540743739?pq-origsite=gscholar&fromopenview=true
Purdue Global Turning the Corner?
Interesting numbers. Revenues have dropped every year. Good thing Purdue Global got $40 million in free money. https://philonedtech.com/purdue-global-fy20-financials-show-online-school-getting-closer-to-break-even/
Oh that's a lawsuit just waiting to happen.
Purdue Global net assets -$47 million
Tell me how you feel about this. http://collegemeltdown.blogspotcom/2020/11/a-letter-to-us-department-of-education.html
"Now more recently, organizations like Ashford thru Arizona, GCU, and Kaplan through Purdue Global have in housed their own subprime appointment factories. Not having first hand information, I would still unequivocally say these operations have not... — read more
More financial losses and changes in leadership: Chancellor, Provost, Dean of Nursing.
Purdue Global's numbers
"Put simply, I do not believe that Purdue Global has yet proven itself to be viable in the long term. It is running on IOUs and foregone payments to its OPM partner, Kaplan Higher Education. And it will be very difficult to get to the point of true... — read more
Sounds like someone was misleading the Chronicle of Higher Education about Purdue Global's numbers. "Obviously, it's hard to start a brand new university,' she says. Purdue Global’s financial loss this year was due, in part, to nearly $30... — read more
How the Kaplan deal was profitable to Graham Holdings
Raided the pensions, and used the pension money to downsize? Classy, very classy. "On March 22, 2018, the Company eliminated the accrual of pension benefits for certain Kaplan University employees related to their future service. As a result... — read more
Purdue University’s System-wide OPM Contract With Kaplan Higher Ed
Purdue University Global FY 2019 numbers are horrible
Purdue University Global Inc. FY 2019 numbers look horrible. Net operation loss of -133,416,000 Net assets are -26,591,000 Non-operating revenues 90,108,000 (presu Check out the balance sheets on pp... — read more
Kaplan Higher Education has competition from Ashford University in "race to the bottom"
Several people in higher education have compared an Ashford University deal with a state university to the Kaplan Higher Education-Purdue University Global deal. And does sound like AU may have several suitors. So what has happened to Kaplan... — read more
Down the drain...
It's a good thing that GHC has deep pockets. "As of September 30, 2019, Kaplan had a total outstanding accounts receivable balance of $72.3 million from Purdue Global related to amounts due for reimbursements for services and a deferred service... — read more
More Lower-Cost Degrees, From Purdue, Kaplan and edX (Inside Higher Ed)
Kaplan Purdue deal in Forbes
Looks like the Purdue Global deal is a bust. Check out the latest analysis in Forbes.
More losses. Doubling dowin on PG marketing.
Revenues: Last Quarter $76,288,000 ($85,981,000 in 2018) Last 6 Months $159.068 ($185,811,000 in 2018) Even with cost cutting the margins are tightening Income: Last Quarter $2,721 ($11,219 in 2018) Last 6 Months $4,636 ($12,574 in... — read more