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
https://www.warren.senate.gov/imo/media/doc/2022.01.14%20Follow%20up%20letter%20to%20Online%20Program%20Managers%20(OPMs)_.pdf
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
https://www.purdue.edu/business/account/FY2021%20Purdue%20Financial%20Report%20-%20Final%2011.29.21%20ADA.pdf
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
Lose-Win Situation
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
Debt Sentence
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/
World Class?
Oh that's a lawsuit just waiting to happen.
Purdue Global net assets -$47 million
https://www.purdue.edu/business/account/pdf/508_FY20-Financial-Report-Final.pdf
Student X
Tell me how you feel about this. http://collegemeltdown.blogspotcom/2020/11/a-letter-to-us-department-of-education.html
"Edugrift"
"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
Continuing decline
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
Purdue Numbers
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
https://philonedtech.com/purdue-university-system-wide-opm-contract-with-kaplan/
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)
https://www.avnetwork.com/news/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
Another Purdue University Global Scam
How much did it cost for Purdue Global to get them on this list? "The top 3 Master's in Education programs for 2020 are: (1) Texas A&M University, (2) University of Florida, and (3) Purdue University... — read more
Pur-Don't
"Purdue University is an actual research university and Purdue University Global is not...it's Kaplan University. The same Kaplan University that made headlines for their guerrilla registration practices that dupe students out money. The same Kaplan... — read more
Kaplan lays off 50 in Fort Lauderdale
"Kaplan Higher Education in Fort Lauderdale has laid off about 50 workers. The staff reduction “reflects less than five percent of our current Fort Lauderdale workforce of approximately 1,000,” said ______ , spokesman for Kaplan Higher Education, the... — read more
Is AAUP recruiting Purdue Global professors and adjuncts?
"Following the acquisition, all Kaplan faculty became Purdue Global faculty which now include approximately 320 full-time faculty and 1,590 part-time faculty."
How is the Big Boilermaker doing in making Purdue University Global a "World-Class" institution?
Now that Purdue University Global has taken over, how is everything going? Are work conditions better since the change in ownership? Are students happier? Is the quality of instruction better? Is it good that campuses have been closed? Are the... — read more
Selling off more assets
PG has already closed or is in the process of closing six campuses. Now what's this story about? It's behind a firewall. https://www.bizjournals.com/southflorida/news/2019/07/08/purdue-university-fort-lauderdale-building-sold.html
Purdue University Global/KHE gets Trump bailout?
"The U.S. Department of Labor is granting $183.8 million to colleges and their private-sector partners to support training for more than 85,000 apprentices in the health care, advanced manufacturing and information technology fields. Twenty-three... — read more
The real Purdue has a union
What's stopping Purdue Global from having labor representation, especially if labor and management can work together on educational quality? There are several unions that represent instructors and staff. It's illegal to fire a person for trying to... — read more
ED drags its feet puuting PG online data on College Scorecard
How difficult is it for ED to put the data for Kaplan University online into College Scorecard? They have been dragging their feet for a year. They can put all the other campuses up, even the ones that are closed or closing... — read more
KHE is just a symptom
It's sheer madness, perpetuated by big banks and just about everyone else other than Dave Ramsey. https://www.linkedin.com/pulse/college-meltdown-open-letter-ny-fed-dahn-shaulis/?published=t