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Hub AI
Purdue University Global AI simulator
(@Purdue University Global_simulator)
Hub AI
Purdue University Global AI simulator
(@Purdue University Global_simulator)
Purdue University Global
Purdue University Global, Inc. (Purdue Global) is a public online university that is a separately accredited part of the Purdue University system. Its primary focus is educating working adults.
Purdue Global was created in 2018 by Purdue University's acquisition and rebranding of for-profit Kaplan University. Kaplan Higher Education, a division of Graham Holdings Company(GHC), provides non-academic support services such as recruitment, admissions, human resources, marketing, and technology support. As such, GHC maintains an ongoing financial interest in the success of Purdue Global.
The university specializes in educating working adults who have life experience and often some college credits. Its programs focus on career-oriented fields of study at the certificate, associate, bachelor's, master's, and doctoral levels. Purdue Global serves about 10,000 military-affiliated students consisting of uniformed personnel, veterans, and eligible dependents.
Purdue Global is led by an emeritus Purdue faculty member and administrator, and is overseen by the Purdue system's leadership, specifically the university president and five members of the system's board of trustees. Its main campus (for accreditation purposes) is in West Lafayette, Indiana, and its online law school is based out of California.
Prior to Purdue's acquisition, Kaplan University had undergone enrollment decline from 39,800 students in 2015 to just 32,000 students enrolled in April 2017. By the time Kaplan University became Purdue University Global in April 2018, enrollment was "approximately 30,000".
Following several years of government scrutiny, media criticism, and significant enrollment decline, Graham Holdings Company sold Kaplan University to the Purdue University system for one dollar in March 2018. Purdue rebranded the institution as Purdue University Global and agreed to employ Kaplan, Inc., a subsidiary of GHC, as the exclusive provider of nonacademic functions. Kaplan, Inc. agreed to assume responsibility for liabilities resulting before the transaction. 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.
Purdue University president Mitch Daniels announced the intent to acquire Kaplan University in April 2017. From 2017 to January 2018, the school's temporary placeholder name was NewU. Purdue University Global's lineage is rooted in a series of for-profit colleges: American Institute of Commerce (1937–1999), Quest College (1999–2000), and Kaplan College (2000–2004), later renamed Kaplan University (2004–2017). In the years prior to its sale to Purdue University, Kaplan University's parent company, Kaplan Inc., closed or sold several schools, including Kaplan College (a primarily brick and mortar vocational school, not to be confused with the online university that became Kaplan University in 2004), and Kaplan Career Institute, which were purchased by Education Corporation of America in 2015. Kaplan University was the last accredited higher education institution owned by Kaplan, Inc.
In 2017, Daniels stated that the Purdue University deal with Kaplan incurred "virtually no financial risk", and had a "strong upside potential". Critics and analysts disagreed with Daniels' assessment, and in order to obtain regulatory approval, the U.S. Department of Education required Purdue to assume responsibility for Kaplan University's debt and liability "whether they are known or unknown, and whether they accrue prior to, or after the closing of the transaction" noting the debts and liabilities backed by Purdue "constitute an instrumentality of the state of Indiana for the purpose of the department's regulations". In the acquisition agreement Kaplan agreed to assume responsibility for liabilities resulting before the transaction, however the U.S. Department of Education "ultimately holds Purdue and the state of Indiana responsible for liabilities resulting from the operation of Kaplan University". Through the acquisition, Kaplan guaranteed Purdue priority payments of $10 million a year for the first five years following the transaction, of which $20 million was paid upon closing.
Purdue University Global
Purdue University Global, Inc. (Purdue Global) is a public online university that is a separately accredited part of the Purdue University system. Its primary focus is educating working adults.
Purdue Global was created in 2018 by Purdue University's acquisition and rebranding of for-profit Kaplan University. Kaplan Higher Education, a division of Graham Holdings Company(GHC), provides non-academic support services such as recruitment, admissions, human resources, marketing, and technology support. As such, GHC maintains an ongoing financial interest in the success of Purdue Global.
The university specializes in educating working adults who have life experience and often some college credits. Its programs focus on career-oriented fields of study at the certificate, associate, bachelor's, master's, and doctoral levels. Purdue Global serves about 10,000 military-affiliated students consisting of uniformed personnel, veterans, and eligible dependents.
Purdue Global is led by an emeritus Purdue faculty member and administrator, and is overseen by the Purdue system's leadership, specifically the university president and five members of the system's board of trustees. Its main campus (for accreditation purposes) is in West Lafayette, Indiana, and its online law school is based out of California.
Prior to Purdue's acquisition, Kaplan University had undergone enrollment decline from 39,800 students in 2015 to just 32,000 students enrolled in April 2017. By the time Kaplan University became Purdue University Global in April 2018, enrollment was "approximately 30,000".
Following several years of government scrutiny, media criticism, and significant enrollment decline, Graham Holdings Company sold Kaplan University to the Purdue University system for one dollar in March 2018. Purdue rebranded the institution as Purdue University Global and agreed to employ Kaplan, Inc., a subsidiary of GHC, as the exclusive provider of nonacademic functions. Kaplan, Inc. agreed to assume responsibility for liabilities resulting before the transaction. 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.
Purdue University president Mitch Daniels announced the intent to acquire Kaplan University in April 2017. From 2017 to January 2018, the school's temporary placeholder name was NewU. Purdue University Global's lineage is rooted in a series of for-profit colleges: American Institute of Commerce (1937–1999), Quest College (1999–2000), and Kaplan College (2000–2004), later renamed Kaplan University (2004–2017). In the years prior to its sale to Purdue University, Kaplan University's parent company, Kaplan Inc., closed or sold several schools, including Kaplan College (a primarily brick and mortar vocational school, not to be confused with the online university that became Kaplan University in 2004), and Kaplan Career Institute, which were purchased by Education Corporation of America in 2015. Kaplan University was the last accredited higher education institution owned by Kaplan, Inc.
In 2017, Daniels stated that the Purdue University deal with Kaplan incurred "virtually no financial risk", and had a "strong upside potential". Critics and analysts disagreed with Daniels' assessment, and in order to obtain regulatory approval, the U.S. Department of Education required Purdue to assume responsibility for Kaplan University's debt and liability "whether they are known or unknown, and whether they accrue prior to, or after the closing of the transaction" noting the debts and liabilities backed by Purdue "constitute an instrumentality of the state of Indiana for the purpose of the department's regulations". In the acquisition agreement Kaplan agreed to assume responsibility for liabilities resulting before the transaction, however the U.S. Department of Education "ultimately holds Purdue and the state of Indiana responsible for liabilities resulting from the operation of Kaplan University". Through the acquisition, Kaplan guaranteed Purdue priority payments of $10 million a year for the first five years following the transaction, of which $20 million was paid upon closing.