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Serving as the main online education branch for Purdue University — it purchased Kaplan in 2018 — the school offers 175 online programs at the associate, bachelor, graduate and doctoral degree ...
Kaplan has over 10,000 employees in 27 countries, and partners include more than 12,000 businesses and 4000 educational institutions. The company's chairman and CEO is Andrew S. Rosen, and its 2020 revenue was $1.3 billion. [1] Kaplan operates through two major divisions: Kaplan North America and Kaplan International.
According to the American Association of Medical Colleges, the median total cost of attendance for four years of medical school in 2019 was $272,429 for all medical schools.
Cost of living increased roughly 3.25-fold during this time; medical costs inflated roughly 6-fold; but college tuition and fees inflation approached 10-fold. Another way to say this is that whereas medical costs inflated at twice the rate of cost-of-living, college tuition and fees inflated at four times the rate of cost-of-living inflation.
In 2010 Kaplan and other for-profit education companies came under scrutiny from the U.S. Congress due to concerns that the industry leaves too many students with heavy debts, and with credentials that are of little help in finding jobs. [47] Much of the report focused on Kaplan College programs, which are no longer a part of Kaplan University.
According to the contract terms, Kaplan would receive 12.5-13 percent of the university's revenue, in addition to reimbursement for its costs of providing support to the school, as long as funds are available after all operating expenses and guaranteed payments to Purdue have been covered.
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