Purdue Buys For-Profit Kaplan University for $1 to Create New Kind of Public University

Edsurge

Purdue University agreed today to buy one of the largest for-profit universities, Kaplan University, and turn it into a public, non-profit university in the Purdue system. The sale price for Kaplan University’s 15 campuses was $1 , though with one important catch: The new nonprofit university operated by Purdue promised to give a percentage of its revenue back to its former owner, Kaplan, Inc., Before the sale, Kaplan University was not exactly thriving.

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K-12 Dealmaking: Kaplan Launches New Practice in U.S.; BoomStartup Taking Ed Tech Accelerator Applications

Marketplace K-12

million to Ellevation , a company focused on building the skills of English-language learners. In addition, BoomStartup announced it will be applications for its ed-tech accelerator program, and Kaplan launched a new global leadership and professional development practice. million in competitive grants to ed-tech companies focused on high-quality math products for middle and high school students. Kaplan Launches U.S.

How Boundaries Between Colleges and Companies Will Continue to Blur

Edsurge

EdSurge sat down with Gallagher during the ASU+GSV Summit in May to learn about why he predicts that when it comes to education, the line between colleges and companies will continue to blur. And I think it will be 5, 10 or 15 years until aspects of this ecosystem are sorted out, but it makes for a really exciting time now to get the IBMs and healthcare companies and hotels and others at the table with college and university leaders, technology leaders, and so on.

Admissions Scandal, Painful Pivots and Other Themes From ASU GSV

Edsurge

And the presence of executives from companies outside of the industry reinforced that point. Several employers praised companies like Guild Education for connecting them with schools to offer their employees access to college courses and degrees as a benefit. “It’s

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Working Together to Expand Research Use in Education and Ed-Tech

Digital Promise

Schools are finding it difficult to meet the needs of a diverse student population. …[Educators are] much more willing to accept it than any company or university coming in and saying, ‘here’s what we’re seeing.’”.

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Philadelphia Principal Tells Publishers How They Can Help Schools

Marketplace K-12

Publishers and education companies can come to the aid of struggling schools in a number of ways that would support both students and teachers, a nationally recognized principal told a room full of business executives gathered here on Wednesday. Philadelphia.

Would You Like Higher Ed With That? Guild Education's Playbook to Educating Employees

Edsurge

Numbers say the company’s strategy is working: Since January 2017, Guild has helped more than 500 front-of-the-line employees go back to school, and claims to have coached more than 7,000 students since its inception in 2015. Carlson explains, “The university gets paid the tuition price, but in most cases the company picks up the majority of the bill.” Guild’s services are also comparable to the recent deal Purdue University made to purchase Kaplan University for $1.

?Dev Bootcamp Community Reacts to Closure Decision

Edsurge

That was one of the reasons that led to its sale to Kaplan in 2014. The company wrote in its email to students: “We’ve determined that we simply cannot reach a sustainable business model without compromising our mission of delivering a high-quality coding education that remains accessible to a diverse population of students.”. “We Ray and others leading the meeting on Wednesday spent time addressing that common concern.

The Coding Bootcamp Hype Cycle

Edsurge

Very quickly we were getting amazing outcomes for our students—almost 100 percent placement with companies, great salaries and the most compelling new path into the modern technology workforce. Venture capital and public company investments poured into the space, with Kaplan's acquisition of Dev Bootcamp in 2014 marking the start of the expectations “Peak.”

Education Technology, Betsy DeVos, and the Innovation Gospel

Hack Education

Wayne Johnson , the head of a student loan refinancing company, was chosen to run the department’s student loan division; Robert Eitel , a former executive at the for-profit Bridgepoint Education, was pegged as senior counselor to the secretary; and Stanley Buchesky , a venture capitalist with The EdTechFund, was selected as the department’s interim CFO, for example. Theranos, the troubled blood-testing company. The for-profit college company Sextant Education.

This Year’s ASU+GSV Summit Is Hard to Describe. Here’s Our Best Attempt.

Edsurge

Women entrepreneurs made up more than a third of the presenting companies. In an interview with EdSurge at the conference, General Assembly CEO Jake Schwartz said he was excited to continue to lead the operation, which will retain the brand and operate as a division of Adecco, and gain better connection to industry partners through the new parent company. One of its investments announced this week is in Aula , a London-based company that just closed a $4.2

Lies, Damned Lies, and Statistics: Some Thoughts from ASU+GSV

Hack Education

VCs often speak of having an “investment thesis” – a strategy for why they fund certain companies. ” Investors go to the event for private meetings. I heard the former CEO of Kaplan say “hundreds if not thousands of colleges will close in the coming years.” Yes, I went to ASU+GSV – my first time at the event in the event’s nine year history. It was everything y’all said it would be. Truly.

Hack Education Weekly News

Hack Education

” Via Politico : “A complex legal battle involving dozens of debt collection companies fighting over contracts with the Education Department has essentially suspended the government’s ability to collect defaulted student loans , the Trump administration disclosed in a court filing on Monday night.” ” Via The Chronicle of Higher Education : “There’s a Reason the Purdue - Kaplan Deal Sounds Too Good to Be True.” Education Politics.

Hack Education Weekly News

Hack Education

The move comes after criticism from government watchdogs who warned of financial entanglements with private companies vying for millions in GI Bill tuition.” Via The Washington Post : “A hiccup in Purdue ’s acquisition of for-profit Kaplan University.” ” Via The Journal & Courier : “Purdue disputes claims Kaplan deal leaves taxpayers on hook.” ” Via LinkedIn : “ Instructure is Utah ’s newest $Billion Company.”

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Hack Education Weekly News

Hack Education

” Via The Conversation : “ Purdue-Kaplan deal blurs lines between for-profit and public colleges.” ” There’s more on the new Kaplan in the accreditation section below. Now the company is betting big on both,” says Inside Higher Ed. Via Pacific Standard : “ Purdue University Gets the Final Approval on Its Plan to Convert Kaplan Into a Non-Profit College.” Edsurge on teachers leaving the classroom to join tech companies.

Hack Education Weekly News

Hack Education

The company alleges in a lawsuit, which became public on Monday, that the Education Department’s process for selecting companies for its new loan servicing platform has been unfair and violated federal procurement rules.” ” Via Texas Monthly : “Meet the Women Whose Persistence Made Texas A&M Change Its Sexual Assault Policies.” The tutoring company has $494.2 Tutoring company GuruQ has raised $300,000 from an unnamed investors.

Hack Education Weekly News

Hack Education

” Wait, so Purdue is gonna run Kaplan and a nuclear lab? Or maybe the company it’s using for its predictive analytics programs – EAB, I think – does and that’s why we’re hearing all these stories. ” Former Kaplan exec Justin Serrano has been hired as the president of Schoology. The assessment company has raised over $52 million total. Each week, I gather a wide variety of links to education and education technology articles.

Hack Education Weekly News

Hack Education

Via NPR on Sunday : “ President Trump Set To Meet With Presidents Of Historically Black Colleges And Universities.” ” Via NPR on Tuesday : “ Trump, And Most Black College Presidents, Absent From Annual Meeting.” Via The Washington Post : “ Student loan companies reach $21.6 ” That’s Kaplan University and the Art Institutes. More on the Kaplan news via The Chronicle of Higher Education.

ASU’s Starbucks Deal Was Just the Beginning

Edsurge

Starbucks did it for a much more interesting reason, which is, Starbucks wants to be an exemplar of what a 21st-century company can be. There’s been a lot of talk about the recent deal that involves Purdue University buying for-profit Kaplan University, which surprised many people (and the faculty have signed a resolution opposing it).

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Hack Education Weekly News

Hack Education

” Via NPR : “Outcry After Louisiana Teacher Arrested During School Board Meeting.” awards debt collection contract to company with ties to DeVos.” ” Via Buzzfeed : “Here’s How A Student Loan Debt Relief Company Preyed On Its Customers.” ” The company: the Student Loan Assistance Center. More on the for-profit formerly known as Kaplan University in the online education section below.

Hack Education Weekly News

Hack Education

” Also Facebook ’s DC lobbyist, Joel Kaplan, who was sitting right behind Kavanaugh as he screamed at Senators. “ Is Running a Company Like Leading a Classroom? Via The Outline : “The rise and fall of the company behind ’ Reader Rabbit’ and all your favorite educational games.” The learn-to-code company has raised $6.9 Each week, I gather a wide variety of links to education and education technology articles.

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Education Technology and the 'New' For-Profit Higher Education

Hack Education

Court filings from the fraud trial did provide some insights into how Trump University operated – high-pressure sales tactics detailed in the the company’s “ playbooks ” that revealed how Trump University employees sold its course packages – these cost up to $35,000 – targeting vulnerable populations in particular and feeding on their socioeconomic anxieties. million from the company between 2010 and 2015 before he stepped down from his role there.

Hack Education Weekly News

Hack Education

Via WaPo’s Valerie Strauss : “ Trump ’s rather weird meeting with the 2017 Teachers of the Year.” Purdue University is buying Kaplan University for a dollar. Me, I wrote about how far Kaplan Inc ’s reach is in education politics and products. Greiff has previously been a partner at the 1776 venture fund and he was also a co-founder of the test prep company Grockit. ” That’s to the ed-tech company Bridge International Academies.

Hack Education Weekly News

Hack Education

Via The Wall Street Journal : “ California plans to sue one of the nation’s largest student loan companies.” ” That’s Kaplan , in case you can’t keep all these for-profit disasters straight. ” Edsurge wants you to “Meet Two Leaders Trying to Reinvent College.” Each week, I gather a wide variety of links to education and education technology articles.

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Hack Education Weekly News

Hack Education

Not really ed-tech-related, except for all those companies saying they’re “Uber for education.” “ Purdue-Kaplan online university one step closer to reality,” the Journal & Courier reports. ” Via Recode : “ Google CEO Sundar Pichai canceled an all-hands meeting about gender controversy due to employee worries of online harassment.” The Chan Zuckerberg Initiative ’s CTO, Brian Pinkerton , is leaving the company.

SXSWedu 2017: Ones to Watch and What to Know

Edsurge

During this 60 minute session, AdmitHub CEO Andrew Magliozzi will reveal insights from his company’s 2016 trial with Georgia State University, where a chatbot exchanged 185,000 messages with more than 3,100 students. Companies like Microsoft, Facebook and Google are all dipping their toes into virtual and augmented reality. DeSchryver and Cavanagh will look at how ESSA is guiding the work of edtech companies now and in the future. It’s that time of year again.

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'Robots Are Coming For Your Jobs'

Hack Education

” I’ve looked at how for-profit colleges , MOOCs , and learn-to-code companies have tapped into these narratives in order to justify their products and services. Code.org is backed by a long list of technology companies – from AT&T to Amazon to Facebook to Google to Verizon. (I’ll For a complete look at who funded learn-to-code companies this year, visit funding.hackeducation.com.). ” The company in question is HireVue.

Hack Education Weekly News

Hack Education

” No disclosure in the article that Edsurge shares investors with both these companies. Testing, Testing… “At last weekend’s annual meeting of the Association for Psychological Science (APS) in Boston, Cornell University psychologist Robert Sternberg sounded an alarm about the influence of standardized tests on American society,” says Scientific American , publishing a Q&A with Sternberg about his concerns. The tutoring company has raised $244.2

Hack Education Weekly News

Hack Education

Chopra worked at the CFPB and, while there, “sued two for-profit-college companies – ITT Educational Services Inc. ” It’s now unclear, observers say, if the FTC can regulate companies like Google or Verizon. The district failed to meet its burden of proof and interpreted a state law in a way that is ‘offensive to fundamental rights of free speech,’ the judge said.” ” asks Fast Company. (I’m Education Politics.

Hack Education Weekly News

Hack Education

Via Broadly : “ Betsy DeVos to Meet with Men’s Rights Groups , Reports Say.” Via The Chronicle of Higher Education : “After Meeting With DeVos, Title IX Activists Say They Still Have Many Questions.” Kaplan is closing Dev Bootcamp , a coding bootcamp it acquired in 2014. Also via Edsurge : “How Boundaries Between Colleges and Companies Will Continue to Blur.” Tutoring company Clark has raised $2.2

October 24 - Ed Tech News, Our Weekly Podcast, and the Hack Education Roundup!

The Learning Revolution Has Begun

The degree requires the traditional 120 credit hours, but features small classes, extra supports, accommodation for different learning styles, and a modified course schedule to meet the students'' needs. The company is also lifting some of its "per-seat" licensing fees so that those not enrolled in classes aren''t charged for accessing the material. The company also said that it''s struck a deal with Georgetown University to make its services available to students and alumni.