Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Purdue Global Owes $128 Million to Kaplan
#1
This news story is six months old, but it's something to watch over the next couple of years. Purdue Global has an agreement to pay 12.5% of its proceeds plus fixed fees for online program management to Kaplan. From what I've heard from Purdue Global faculty, Kaplan is not good at providing those program management services. Anyway, Purdue Global has a net operating loss of $95 million, and neither the Purdue system nor Indiana taxpayers can legally cover Purdue Global's debts.

https://www.forbes.com/sites/dereknewton...3479137998
Graduate of Not VUL or ENEB
MS, MSS and Graduate Cert
AAS, AS, BA, and BS
CLEP
Intro Psych 70, US His I 64, Intro Soc 63, Intro Edu Psych 70, A&I Lit 64, Bio 68, Prin Man 69, Prin Mar 68
DSST
Life Dev Psych 62, Fund Coun 68, Intro Comp 469, Intro Astr 56, Env & Hum 70, HTYH 456, MIS 451, Prin Sup 453, HRM 62, Bus Eth 458
ALEKS
Int Alg, Coll Alg
TEEX
4 credits
TECEP
Fed Inc Tax, Sci of Nutr, Micro, Strat Man, Med Term, Pub Relations
CSU
Sys Analysis & Design, Programming, Cyber
SL
Intro to Comm, Microbio, Acc I
Uexcel
A&P
Davar
Macro, Intro to Fin, Man Acc
Reply
#2
I feel like this was brought up on here months ago. There's definitely talk on here about their finances and how this could impact their future.
Reply
#3
It was, here's the previous thread: https://www.degreeforum.net/mybb/Thread-...ble-To-Pay
Study.com Offer https://bit.ly/3ObjnoU
In Progress: UMPI BAS & MAOL | TESU BA Biology & Computer Science
Graduate Certificate: ASU Global Management & Entrepreneurship

Completed: TESU ASNSM Biology, BSBA (ACBSP Accredited 2017)
Universidad Isabel I: ENEB MBA, Big Data & BI, Digital Marketing & E-Commerce
Certs: 6Sigma/Lean/Scrum, ITIL | Cisco/CompTIA/MTA | Coursera/Edx/Udacity

The Basic Approach | Plans | DegreeForum Community Supported Wiki
~Note~ Read/Review forum posts & Wiki Links to Sample Degree Plans
Degree Planning Advice | New To DegreeForum? How This Area Works

[Image: e7P9EJ4.jpeg]
Reply
#4
Ah! I tried to search to see if it was already posted. My apologies.
Graduate of Not VUL or ENEB
MS, MSS and Graduate Cert
AAS, AS, BA, and BS
CLEP
Intro Psych 70, US His I 64, Intro Soc 63, Intro Edu Psych 70, A&I Lit 64, Bio 68, Prin Man 69, Prin Mar 68
DSST
Life Dev Psych 62, Fund Coun 68, Intro Comp 469, Intro Astr 56, Env & Hum 70, HTYH 456, MIS 451, Prin Sup 453, HRM 62, Bus Eth 458
ALEKS
Int Alg, Coll Alg
TEEX
4 credits
TECEP
Fed Inc Tax, Sci of Nutr, Micro, Strat Man, Med Term, Pub Relations
CSU
Sys Analysis & Design, Programming, Cyber
SL
Intro to Comm, Microbio, Acc I
Uexcel
A&P
Davar
Macro, Intro to Fin, Man Acc
Reply
#5
It seems that there *should* have been some sort of service level agreement when the contracts were written/signed allowing Purdue to take some sort of course of action in the event that Kaplan doesn't meet their end of the bargain(as measured by some form of performance metric). If Purdue failed to ensure there was an adequate enforcement mechanism, then that's on them for making a bad deal unfortunately.
WGU BSIT Complete January 2022
(77CU transferred in)(44/44CU ) 

RA(non WGU)(57cr)
JST/TESU Eval of NAVY Training(85/99cr)
The Institutes, TEEX, NFA(9cr): Ethics, Cyber 101/201/301, Safety
Sophia(60cr): 23 classes
Study.com(31cr): Eng105, Fin102, His108, LibSci101, Math104, Stat101, CS107, CS303, BUS107
CLEP(9cr): Intro Sociology 63 Intro Psych 61 US GOV 71
OD(12cr): Robotics, Cyber, Programming, Microecon
CSM(3cr)
Various IT/Cybersecurity Certifications from: CompTIA, Google, Microsoft, AWS, GIAC, LPI, IBM
CS Fund. MicroBachelor(3cr)
Reply
#6
Purdue has their own online programs now. I think Purdue should make the hard decision and shut down Purdue Global.
[-] The following 1 user Likes ifomonay's post:
  • mr_peanutbutter
Reply
#7
(06-27-2024, 04:08 PM)ifomonay Wrote: Purdue has their own online programs now. I think Purdue should make the hard decision and shut down Purdue Global.

They're 2 different universities though. PUG tuition is not Purdue tuition. PUG also has a contract which probably has steep penalties for breaking it.
Reply


Possibly Related Threads...
Thread Author Replies Views Last Post
  ASU 100 Million Learners - All graduate courses now available jg_nuy 69 12,552 11-10-2024, 08:26 PM
Last Post: 3ichael7ambert
  DEAC or DEAC Global - Which one is the legitimate one? slammX 4 432 08-28-2024, 07:15 AM
Last Post: slammX
Lightbulb ASU to Launch a Free Global Initiative and enroll 100 million students MNomadic 216 41,746 08-04-2024, 12:57 PM
Last Post: Vle045
  Gandhi-King Global Academy - United States Institute of Peace Charles Fout 3 591 06-13-2024, 03:14 AM
Last Post: villagetunic
  New discount for Purdue Global (perkspot) Vle045 3 568 06-05-2024, 05:44 PM
Last Post: bjcheung77
  It Costs Over $10 Million in Opportunity Cost to Go to College LevelUP 7 1,238 05-20-2024, 05:26 PM
Last Post: jg_nuy
Shocked Online Course Provider 2U (edX) Faces Doubts It Can Continue ($900 Million in debt) Ares 3 908 02-16-2024, 02:51 AM
Last Post: studyingfortests
  Purdue Global Owes $128 Million. It May Not Be Able To Pay. smartdegree 12 2,797 12-20-2023, 08:37 PM
Last Post: Pats20
  UC Berkeley failed to disclose $240 million in funds from China elcastor21 3 752 09-07-2023, 09:59 AM
Last Post: elcastor21
  Grand Canyon Uni: 86K online students, over 960 Million in revenue. bjcheung77 1 738 05-17-2023, 10:00 AM
Last Post: ss20ts

Forum Jump:


Users browsing this thread: 1 Guest(s)