Washington Post 2007 Annual Report Download - page 19

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Consortium (a university consortium comprising 11 U.K. universities), ACE Education also offers programs at the Sino-
British College in Shanghai. ACE Education had approximately 1,600 students enrolled at year-end.
In 2007, Professional acquired the education business of the Financial Services Institute of Australasia (“FINSIA”),
which is headquartered in Sydney, Australia. FINSIA is a provider of financial services post-graduate education in
Australia, and its acquisition, along with Tribeca Learning Limited, which Kaplan acquired in 2006, allows Kaplan
Financial to deliver a broad range of financial services education and professional development courses in Australia.
In 2007, FINSIA and Tribeca provided courses to over 22,000 students through classroom programs and to over
70,000 students through distance-learning programs.
Higher Education
Higher Education U.S.
Kaplan’s U.S.-based Higher Education business currently consists of 70 schools in 22 states that provide classroom-
based instruction and two institutions that specialize in distance education. The schools providing classroom-based
instruction offer a variety of diploma, associate degree and bachelor degree programs, primarily in the fields of
healthcare, business, paralegal studies, information technology, criminal justice and fashion and design. The
classroom-based schools were serving more than 33,500 students at year-end 2007 (which includes the class-
room-based programs of Kaplan University), with approximately 36% of such students enrolled in accredited bachelor
orassociatedegreeprograms.Eachoftheseschoolshasitsown accreditation from one of several regional or national
accrediting agencies recognized by the U.S. Department of Education.
The institutions of higher education that specialize in distance education are Kaplan University and Concord Law
School. Kaplan University offers various master degree, bachelor degree, associate degree and certificate programs,
principally in the fields of management, criminal justice, paralegal studies, information technology, financial planning,
nursing and education. Kaplan University is accredited by the Higher Learning Commission of the North Central
Association of Colleges and Schools (“HLC”). Most of Kaplan University’s programs are offered online, while others
are offered in a traditional classroom format at eight campuses in Iowa and Nebraska. At year-end 2007, Kaplan
University had approximately 37,000 students enrolled in online programs. Concord Law School (“Concord”), the
nation’s first online law school, offers Juris Doctor and Executive Juris Doctor degrees wholly online (the Executive Juris
Doctor degree program is designed for individuals who do not intend to practice law). Concord is accredited by the
Accrediting Commission of the Distance Education and Training Council and has received operating approval from the
California Bureau of Private Post-Secondary and Vocational Education. Concord also has complied with the regis-
tration requirements of the California Committee of Bar Examiners and, therefore, its graduates are able to apply for
admission to the California Bar. In 2008, California supervision of Concord will shift to the California Committee of
Bar Examiners. In the fourth quarter of 2007, Concord merged into Kaplan University, and as a result of the merger,
Concord is now part of Kaplan University and, as a result, Concord is also accredited by HLC. At year-end 2007,
approximately 1,200 students were enrolled at Concord.
Kaplan Virtual Education
In April 2007, Kaplan acquired Virtual Sage, an online curriculum publisher, and an online high school doing business
under the name University of Miami Online High School. The combined businesses became part of what is now known
as Kaplan Virtual Education (“KVE”), which offers online high school instruction and online content and curriculum
development. KVE’s programs are geared toward adults wishing to earn a high school diploma, public school students
seeking courses that may not be offered at their school or credit recovery, and private and home school students who
need an expanded curriculum. At year-end 2007, KVE was providing courses to approximately 2,200 students.
Dublin Business School
Dublin Business School (“DBS”) is an undergraduate and graduate institution located in Dublin, Ireland. DBS offers
various undergraduate and graduate degree programs in business and the liberal arts. At year-end 2007, DBS was
providing courses to approximately 5,200 students.
Holborn College
Holborn College (“Holborn”) is located in London and offers various pre-university, undergraduate, post-graduate and
professional programs, primarily in law and business, with its students receiving degrees from affiliated universities in
the United Kingdom. Holborn offers both full-time and flexible-learning delivery options to its students. Most of
2007 FORM 10-K 3