Washington Post 2009 Annual Report Download - page 16

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Kaplan Higher Education Campuses
At the end of 2009, Kaplan’s Higher Education Campuses business consisted of 73 schools in 19 states that were
providing classroom-based instruction to approximately 44,500 students (including the 5,120 students enrolled at Kaplan
University’s on-ground campuses). Each of these schools is accredited by one of several regional or national accrediting
agencies recognized by the U.S. Department of Education.
Program Offerings and Enrollment
Kaplan University and Kaplan Higher Education Campuses offer degree and certificate programs in a variety of subject
areas. Among them are the following:
Master’s Bachelor’s Associate’s Certificate
• Arts and Sciences
• Business Management
• Criminal Justice
• Health Sciences
• Higher Education Studies
• Information Systems and
Technology
• Legal and Paralegal
Studies
• Nursing
• Teacher Education
• Arts and Sciences
• Business Management
• Criminal Justice
• Fire Safety and Emergency
Management
• Health Sciences
• Information Systems and
Technology
• Legal and Paralegal Studies
• Nursing
• Political Science and Public
and Environmental Policy
• Arts and Sciences
• Business Management
• Criminal Justice
• Fire Safety and Emergency
Management
• Health Sciences
• Information Systems and
Technology
• Legal and Paralegal
Studies
• Nursing
• Political Science and
Public and Environmental
Policy
• Criminal Justice
• Health Sciences
• Information Systems and
Technology
• Nursing
Kaplan University and Kaplan Higher Education Campuses enrollment at December 31, 2009, 2008 and 2007 totaled
by degree and certificate programs were as follows:
At December 31
2009 2008 2007
Certificate .................................... 27.6% 31.8% 33.0%
Associate’s ................................... 33.0% 31.6% 33.8%
Bachelor’s .................................... 34.7% 33.5% 30.9%
Master’s ..................................... 4.7% 3.1% 2.3%
Total ...................................... 100% 100% 100%
Financial Aid Programs and Regulatory Environment
Funds provided under the federal student financial aid programs that have been created under Title IV of the Higher
Education Act of 1965, as amended (the “Federal Higher Education Act”), historically have been responsible for a
majority of the net revenues of Kaplan Higher Education. During 2009, funds received under Title IV programs accounted
for approximately $1,283 million, or approximately 83%, of total Kaplan Higher Education revenues, and 49% of
Kaplan, Inc. revenues. The Company estimates that funds received from students borrowing under third-party private loan
programs comprised approximately 1% of its higher education net revenues. Beginning in 2008 and continuing through
2009, as the private loan market deteriorated, Kaplan Higher Education provided loans directly to some Kaplan students
under a third-party institutional loan program. Lending under Kaplan’s institutional loan program totaled approximately 1%
of its higher education net revenue in 2009. Direct student payments, funds received under various state and agency
grant programs and corporate reimbursement under tuition assistance programs accounted for most of the remainder of
2009 Kaplan Higher Education revenues. The significant role of Title IV funding in the operations of Kaplan Higher
Education is expected to continue.
Title IV programs encompass various forms of student loans, with the funds being provided either by the federal
government itself or by private financial institutions with a federal guarantee protecting the institutions against the risk of
default. In some cases, the federal government pays part of the interest expense. Other Title IV programs offer
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