Kaplan Says It Will Close 9 Campuses

"Nine Kaplan higher-education campuses will close, and four more will be merged with other campuses, according to a Friday-afternoon Securities and Exchange Commission filing by Kaplan’s owner, the Washington Post Company," the Chronicle of Higher Education reports. "An article in the Post did not identify the campuses to be closed, but noted that Kaplan had been warned earlier that it could lose accreditation for three campuses because their students had failed to meet achievement requirements. The closings and mergers will cost the company about $18-million, according to the filing. Kaplan has about 70 campuses overall, the newspaper said, but about two-thirds of the company’s 67,605 students take their courses online."

A paid subscription may be required.

NASFAA's "Financial Aid in the News" section highlights media coverage of financial aid to help members stay up to date with the latest news. Inclusion in Today's News does not imply endorsement of the material or guarantee the accuracy of information presented.


Publication Date: 10/1/2012

View Desktop Version