Purdue University has acquired Kaplan University, including its locations in Iowa, and plans to expand its brand and reach in the higher education industry.
The new initiative is designed to meet the demands of the rising need for postsecondary education and the continued growth of online institutions.
“Nearly 150 years ago, Purdue proudly accepted the land-grant mission to expand higher education beyond the wealthy and the elites of society,” Purdue President Mitch Daniels said in a press release. “We cannot honor our land-grant mission in the 21st century without reaching out to the 36 million working adults, 750,000 of them in our state, who started but did not complete a college degree, and to the 56 million Americans with no college credit at all.”
Purdue has purchased all Kaplan locations, including its institutional operations and assets. Former Kaplan University students and faculty will be transferred to Purdue, which will be changing its name to fit the new transition.
“Kaplan and Purdue share the critical mission of expanding access to education,” Donald E. Graham, chairman of Graham Holdings Co., the parent company of Kaplan Inc. and Kaplan University, said in the release. “Purdue takes its land-grant mission very seriously, and I’m deeply impressed by this great university’s commitment to meeting the needs of non-traditional students.”
The new institution will be up and running after approval from the U.S. Department of Education and the Higher Learning Commission. Both Purdue and Kaplan are accredited by Higher Learning Commission.