Kaplan University: A For-Profit Take On Education

Source: NPR Posted By: brad S...5293 days ago

The Washington Post Co. announced Wednesday that it's putting Newsweek up for sale. The magazine is losing money, and its paid weekly subscriptions have dropped below 2 million.

But although the Washington Post Co.'s flagship newspaper is also losing money, the company is surprisingly profitable because of a shrewd acquisition it made more than 20 years ago in a growing sector of the economy: for-profit higher education.

What Is Kaplan University?

In 1984, Stanley Kaplan — who pioneered....

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