August 6, 2013
graham

Bezos’s Purchase of the Post Leaves Graham with Kaplan For-Profit College

Among the many questions raised by Jeff Bezos’s purchase of the Washington Post newspaper is: What will become of the rest of the old Washington Post Company, publicly traded and run by the Graham family?

The fact is that the Post Company was already dominated, in several respects, by its lucrative Kaplan education subsidiary, which includes the Kaplan for-profit college division, as well as a standardized test preparation business.

Kaplan accounted for 55 percent of the Post Company’s revenue last year. By the time of a long, tortured 2011 Post newspaper investigation of how Kaplan had come to dominate the …

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February 21, 2013

Aided by Fox News, For-Profit Colleges Use Shameless Propaganda to Mask Shameful Conduct

Several years of public scrutiny have exposed that many of America’s for-profit colleges are playing a cruel joke on students and taxpayers — high-priced, low-quality programs, sold through deceptive recruiting practices, that often leave students without good jobs and deep in debt. This scam has cost taxpayers as much as $33 billion in a single year. Worse, it has ruined the lives of students — veterans, single mothers, and others struggling to build a better future. For-profit colleges have 12 percent of U.S. college students but a shocking 47 percent of student loan defaults.

When the Obama Administration sought to implement common sense …

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August 1, 2012
Kaplan CEO Andrew S. Rosen

The Washington Post Won’t Tell Congress How Much Money Kaplan’s CEO Makes

Some Members of Congress are stepping up to increase oversight over the for-profit college industry, which is heavily subsidized by taxpayers but which continues to abuse our veterans and other students.

As a part of this effort, Rep. Elijah Cummings (D-MD) sought to report about the salaries of top executives at these companies. Keep in mind that more than 86 percent of the funds for 30 major for-profit colleges studied by Congress come from taxpayers. So that means that these execs are essentially living large on the public dole.

One major company, Kaplan, which is owned by the Washington Post, refused …

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February 14, 2012
Corinthian Colleges CEO Jack Massimino was paid $3.4 million in 2011.

Corinthian Colleges, For-Profit School With Record Of Abusing Underserved Communities, Gives $1 Million to The Urban League

Corinthian Colleges CEO Jack Massimino and National Urban League CEO Marc Morial held a conference call this afternoon to announce an “Historic Educational Partnership.” Corinthian, a for-profit education company, plans to provide “approximately” $1 million for an Urban League program to help 200 students in Orlando, Florida, and Pittsburgh, Pennsylvania, to prepare for the GED exam so they can pursue college. The Urban League has made extraordinary contributions to our country, and GED preparation programs deserve strong support, but there are questions about how Corinthian earned this money, and whether such gifts from for-profit schools to non-profit groups are aimed …

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February 3, 2012

Bill Gates Praises CEO of Washington Post’s Kaplan Unit, Whose Profits Benefit Gates Foundation

The Washington Post Company seems on the verge of turning its flagship newspaper into a brochure for the company’s controversial, taxpayer-funded for-profit college division, Kaplan. The latest participant in this process is one of the world’s most accomplished men, Bill Gates. At a time when veterans groups, state attorneys general, and others are seeking reforms to prevent abuses by for-profit schools, Gates recently published — in the Post — an enthusiastic review of a book by Kaplan’s CEO. Gates failed to inform readers that the finances of his own Bill and Melinda Gates Foundation are linked to the Post / …

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