From Precision in Media:
A classic admissions broker for Kaplan explained what kind of Washington article have been present their particular income buzz to possible pupils.
“One through the things that i reported was in fact, ‘As you may maybe understand, Kaplan is possessed as a result of the Washington article, a research recognized for having undoubtedly huge ethics,’ he advertised. ‘As possible, The Washington article cannot add itself in whatever would reflect defectively on its reputation.’”
Although condition and huge ethics guaranteed in full by a consignment aided by the article never in previous times materialized. Melvin found the hard means, mainly because have really the truth is undeniably some other pupils, that Kaplan comprehension includes “high costs, unequal overall performance and debateable marketing and advertising strategies.”5 A whole lot worse, the company, for all with this offering things, features really a dropout cost of practically 70percent, and individuals which do graduate make definitely inside the globally average for company graduates—outcomes virtually befitting of a money-making juggernaut furthermore its supposedly ethical mothers and moms and dad company.
Unfortuitously, Melvin’s comprehension actually a divided occasion. Targeting and recruiting veterans is these the conventional training among for-profit colleges such that it caused Senator Dick Durbin of Illinois presenting legislation that’ll eradicate the monetary inspiration proper universities to aggressively employ veterans into expensive programs.6 Research if you believe towards Chicago Tribune defines that “military veterans are actually aggressively recruited… about their particular financially rewarding types of all over the country help, including GI Bill sources and unit of Defense institution costs help advantages.” These types of sources are not restricted to the 90/10 guide, which bars the for-profits from deriving above 90 % associated with the profits from device of Education’s worldwide student-aid programs.
The next few paragraphs goes on onto explore WaPo/Kaplan lobbying and allegations of insider trading on Kaplan stock.
Get more information: http://twitchy.com/2012/03/09/washington-post-neck-deep-in-for-profit-higher-ed-scandal/
