Ownership Society News
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| Bennett |
Kaplan has been the Washington Post's main profit center. But in the past year, the company has been riddled with student loan scandals and mismangement. Kaplan remains one of the biggest testing companies and has a distance-learning component which makes it compatable with the Republican connected K12 Inc. Kaplan Virtual Education, which provides online education for grades six through 12, bought Insight Schools Inc. from Apollo Group Inc. (APOL) in February. It is now selling that brand, as well as the schools branded under Kaplan Virtual Education, to K12.
"While our experience in online learning made the Insight Schools an attractive acquisition with long-term potential, we determined that the timing was not right for us to devote intensive energy and resources to this initiative right now," a Kaplan spokesman said in an emailed statement. "Exiting this business will enable us to focus on our core businesses of higher education and test preparation." -- WSJK12 has been expanding rapidly, using it's political connections to win lucrative contracts, as online schooling
