Indiana Economic Digest | Indiana
Advanced Search

• Most Recent

home : most recent : most recent October 20, 2017

10/9/2017 7:33:00 PM
Purdue disputes claims Kaplan deal leaves taxpayers on hook

Dave Bangert, Journal and Courier Columnist

WEST LAFAYETTE – One of Purdue University President Mitch Daniels’ consistent selling points for the university’s pending acquisition of Kaplan University and its vast online reach has been the contention that it could be done without spending a dime of state taxpayers’ money.

Purdue officials insist that’s still the case, even as some insist a recently revealed stipulation set out by the U.S. Department of Education – one agency of several state and federal agencies that must sign off on the deal announced in April – could leave the state-funded university on the hook for Kaplan University’s debts and liabilities.

The Department of Education announced in September that its review found no reason, barring several conditions, to stand in the way of a deal between Purdue and Kaplan Higher Education. Purdue is looking to create what’s being called NewU, which the university says will bring an entirely new type of student under the Purdue umbrella. 

The conditions, contained in a letter first reported this weekend by The Washington Post, had been under wraps since then.

Related Links:
• Journal & Courier full text

Copyright 2017

Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR

Software © 1998-2017 1up! Software, All Rights Reserved