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July 25, 2012 / Brandon Brouillette

Add Kaplan to the Growing List of For-Profit Schools Facing Scrutiny

A recent New York Times article profiling Kaplan University adds insight into the growing scrutiny facing for-profit universities.  Last year a Government Accountability Office report on for-profit universities found two Kaplan University campuses were engaging in fraudulent recruiting and marketing practices.

Now, as the article sets forth, several whistle blowers are coming out and shedding further light on the University’s practices.  What is portrayed is an example of a education provider that cares more about dollars and less about making good sense.  As troubles for their students grow, CEOs of these multi-billionaire corporations are breaking the bank.  In fact, as bloomberg.com recently reported, CEOs from the top 15 for-profit universities have collected a combined $2 billion over the last seven years from selling their stock alone.

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