Hoosier provocateur

1 May 2017 By

Indiana’s top public university is gambling its reputation for a shot at disruption. Purdue is buying online diploma mill Kaplan from the Graham family. The deal could either pre-empt a digital education revolution – or spread the bad behavior of for-profit schools even wider.

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Purdue University, Indiana's top public university, agreed on April 27 to buy for-profit chain Kaplan University for $1 up front from parent Graham Holdings, the former owner of the Washington Post. The deal would convert Kaplan into a non-profit institution called New University focused on online adult education.

Under the terms of the deal, New University would pledge Graham 12.5 of its revenue to operate the schools under a 30-year contract, with a buyout option after six years.

The deal is subject to approval by the Department of Education, the Indiana Commission for Higher Education and accreditor the Higher Learning Commission.

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