Indiana's Purdue University is buying Kaplan University with the aim of creating an online public university and widening its reach. The deal will give Indiana a new name for one of America's largest private universities, but it also gives Purdue access to more than $900 million in federal student aid that could help pay off debt incurred The move highlighted shifts in the higher education market as public funding declines, tuition fees rise and college students grow older, busier and more indebted.
Indiana's Purdue University is buying Kaplan University with the aim of creating an online public university and widening its reach. Purdue's president, Mitch Daniels, said the university wanted to allow as many people as possible to be educated but wasn't able to build an online presence by itself. The move highlighted shifts in the higher education market as public funding declines, tuition fees rise and college students grow older, busier and more indebted.