Kaplan, Inc.
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| Subsidiary | |
| Industry | Education |
| Founded | 1938 |
| Founder | Stanley Kaplan |
| Headquarters | Fort Lauderdale, Florida |
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Key people
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Andrew Rosen, Chairman and CEO |
| Revenue | US$ 1.9 billion (2015) |
| Parent | Graham Holdings Company |
| Divisions | Test Preparation, Higher and Professional Education, International |
| Website | Kaplan.com |
Kaplan, Inc. is a for-profit corporation headquartered in Fort Lauderdale, Florida and founded in 1938 by Stanley Kaplan. Kaplan provides higher education programs, professional training courses, test preparation materials and other services for various levels of education. It is a wholly owned subsidiary of Graham Holdings Company, formerly known as The Washington Post Company.
Kaplan is a for-profit subsidiary of Graham Holdings Company. Its Chairman and CEO is Andrew Rosen. Its 2015 revenue was $1.9 billion.
Stanley H. Kaplan, the founder of the company, died of a heart ailment on August 23, 2009 when he was 90 years of age.
Kaplan Higher and Professional Education is a group of institutions that offer classroom and online certificate and degree programs in fields such as criminal justice, health care, business, information technology and legal studies. Iowa College Acquisition Corporation, operating under the Kaplan University brand, also offers online programs.
Kaplan University specializes in online education, is accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools and holds other programmatic accreditations. Most of Kaplan University’s programs are offered online, while some are offered in a traditional classroom format at 11 campuses in Iowa, Maine, Maryland and Nebraska, and four Kaplan University Learning Centers in four states. At year-end 2013, Kaplan University had approximately 33,000 students enrolled in online programs and approximately 6,800 students enrolled in its classroom-based programs.
Due to student loan default rates, the U.S. Department of Education has criticized for-profit institutions, with the Secretary of Education asserting that "too many for-profit schools are saddling students with debt they cannot afford in exchange for degrees and certificates they cannot use." For fiscal year 2009, Kaplan's students were more likely to default on their loans than their community college counterparts, with 17.3 percent of Kaplan University students overall not repaying loans on time. In response, Kaplan Higher Education has set up the "Kaplan Commitment" program, which allows prospective students to attend the first few sessions of a course free, to decide if it meets their needs and abilities, before taking on a financial obligation. The policy, however, is too new to reveal an impact on graduation and retention rates.
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