U. of Arizona Bought a For-Profit U. for $1? Actually, the For-Profit Paid Millions to Be Acquired.
Edsurge
AUGUST 7, 2020
In 2017, Purdue University bought Kaplan University , also for $1. Kaplan University suddenly changed its name to Purdue University Global, and Kaplan, Inc. So the result was that a for-profit university suddenly became a nonprofit, but one that was locked into a long-term contract with Kaplan and shares tuition revenue.
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