Washington Post Co. says proposed rules on college aid may hurt Kaplan
Posted by | Posted on 14-08-2010
The Washington Post Co. warned Monday that federal efforts to regulate for-profit colleges “could have a materially adverse effect” on earnings of its Kaplan higher-education unit, as Wall Street continued to punish shares of the company’s stock.
Late Friday, the U.S. Education Department released data on student loan repayment rates that showed 28 percent of Kaplan University’s former students are repaying the principal on their federal loans.
That was roughly comparable to the loan repayment rates posted by other colleges in the for-profit sector but lower than the average for nonprofit and public colleges, according to an analysis by the Institute for College Access and Success, based in Oakland, Calif.