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The Washington Post Company Message Board

  • sage2123 sage2123 Sep 29, 2012 1:01 PM Flag

    Kaplan Is Going Down The Tubes

    And they represent 90% of WPO's revenues....hmmm.

    Losing accreditation?

    From today's Post...

    The Washington Post Co.’s Kaplan higher-education division will close nine campuses and consolidate four others into existing nearby locations, the company said in a Securities and Exchange Commission filing. The company said it would stop new enrollments at the nine campuses it is closing, but that it would continue teaching the students currently enrolled there.

    The company did not give a reason or identify the campuses, but in an Aug. 7 SEC filing it disclosed that an accrediting commission had warned three campuses (in Baltimore, Indianapolis and Dayton, Ohio) that they could lose accreditation “for failure to meet certain student achievement threshold requirements” and had asked for the school to respond by September. A loss of accreditation would mean the Kaplan campuses would no longer be eligible for Title IV loans from the Education Department, the source of nearly 90 percent of Kaplan higher-education revenue.

    Sentiment: Sell

 

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