Purdue University acquired for-profit Kaplan University for $1 last week, setting off a wave of debate over the deal.

The agreement allows Purdue to increase its reach into online and adult learning, while potentially paying Kaplan’s parent company — an affiliate of Graham Holdings Company — 12.5% percent of the new university’s revenue.

While some have hailed the move as “bold” and necessary for public universities being squeezed by diminishing state funding, others, like Robert Shireman of the nonpartisan think tank Century Foundation called it “a dangerous, long-term marriage between a public university and a firm answerable to Wall read more >>>

Source:: BusinessInsider.Com