According to investigative journalists at the Huffington Post, the Washington Post’s subsidiary Kaplan Higher Education has tarnished the Post’s image forever by raking in money from powerless students and those desperate for a higher education.
The Washington Post is used to exposing scandals, from Watergate to the Pentagon papers and most recently the revelation of secret CIA operated prisons in Easter Europe. Of course the Huffington Post has discovered a few scandals of its own and its latest discovery is that the Washington Post itself is embroiled in scandal.
According to investigative journalists at the Huffington Post, its subsidiary Kaplan Higher Education has tarnished the Post’s image forever by raking in money from powerless students and those desperate for a higher education.
Huffington Post reporter Peter Goodman says, “The Washington Post newspaper has become a smaller part of what has become a media conglomerate. The largest source of profits for the Washington Post Company is Kaplan Higher Education, which is a whole bunch of courses with traditional campuses offering college degrees. There are a lot of unscrupulous practices and 80-90% of the revenue comes from federal aid leaving students with a ton of debt!”
Apparently, management has employed deceptively aggressive marketing practices to recruit students, while enrolling many in classes without their knowledge which enables the company to pocket a larger slice of the federal financial dollars that comprise upwards of 85 percent of their tuition revenues.
Peter Goodman adds, “The Washington Post Companies argument is that if you have this draconian system that is going to eliminate a source of higher education for lower income students. They take on more low income students and that would be unfair.” However, Goodman points out that: “Let’s remember that is a very similar argument that the predatory mortgage operations had.”
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