Fools At Kaplan University Sell School For $1

Fools At Kaplan University Sell School For $1

MSN –  Purdue University said Thursday it will buy for-profit Kaplan University for $1, with plans to turn it into a new, nonprofit Indiana public university for “nontraditional adult learners.”

The surprise announcement was made public in a Securities and Exchange Commission filing after Purdue’s board of trustees approved the deal. 

According to the filing, about 32,000 current Kaplan students will transfer to the new, as-yet-unnamed university.

Wow. Kaplan University is clearly not a business school.  Terrible negotiating on their part.  The big-dicks at Purdue need to be thrown in prison for this highway robbery.  This is not a typo.  Kaplan literally sold his school for $1.00.  Worse trade off then the trade the Bears and 49ers made last night.  But buy high sell low right?  Because Kaplan must’ve been high when he signed this contract.

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