Inside Higher Ed: Purdue University Global has cleared its third and final regulatory hurdle, with the Higher Learning Commission following state and federal agencies in backing Purdue’s acquisition of the for-profit Kaplan University.
Yet questions remain about the final structure of the boundary-pushing Purdue Global, which has drawn both strong praise and criticism. The online university will combine aspects of public, private nonprofit and for-profit higher education after its anticipated launch in April.
Meanwhile, experts said more nonprofit entities, including some colleges, will seek to acquire for-profits. And the tax-status conversion of Kaplan University has stoked interest among for-profits, many of which are hemorrhaging students and money, to follow suit with their own bids to become nonprofits.
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