"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 

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 

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 

"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 

“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 

https://www.sec.gov/edgar/browse/?CIK=104889&owner=exclude And the (real) Purdue University Annual Report...

https://www.highereducationinquirer.org/2022/09/state-universities-and-college-meltdown.html

"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 

"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 

https://predatorystudentlending.org/cases/sweet-v-devos/ https://www.businessinsider.com/personal-finance/student-debt-cancelled-sweet-cardona-settlement-2022-6

What more can I say?

They end up as lifelong customers of Maximus. https://www.highereducationinquirer.org/2022/01/maximus-student-loan-debt-and-poverty.html

https://www.warren.senate.gov/imo/media/doc/2022.01.14%20Follow%20up%20letter%20to%20Online%20Program%20Managers%20(OPMs)_.pdf

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

https://www.purdue.edu/business/account/FY2021%20Purdue%20Financial%20Report%20-%20Final%2011.29.21%20ADA.pdf

Care to take a guess what the Purdue University Global numbers will look like?

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 

"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 

Purdue University Global (aka Kaplan)... https://www.thelayoff.com/t/1dpDWE6i

Who says tax status doesn't matter... https://www.republicreport.org/2021/ftc-announces-crackdown-on-predatory-college-abuses/

"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

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

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.

https://www.purdue.edu/business/account/pdf/508_FY20-Financial-Report-Final.pdf

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.

"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 

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 

https://philonedtech.com/purdue-university-system-wide-opm-contract-with-kaplan/

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 

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 

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 

https://www.avnetwork.com/news/more-lower-cost-degrees-from-purdue-kaplan-and-edx-inside-higher-ed

Looks like the Purdue Global deal is a bust. Check out the latest analysis in Forbes.

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