Washington Post 2010 Annual Report Download - page 18

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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, 2010, 2009 and 2008 totaled
by degree and certificate programs were as follows:
At December 31
2010 2009 2008
Certificate ............................................... 23.6% 27.6% 31.8%
Associate’s ............................................... 33.8% 33.0% 31.6%
Bachelor’s ............................................... 35.1% 34.7% 33.5%
Master’s ................................................. 7.5% 4.7% 3.1%
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 2010, funds received under Title IV programs accounted
for approximately $1,460 million, or approximately 82%, of total Kaplan Higher Education revenues, and 50% 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
2010, 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 2010. 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
2010 Kaplan Higher Education revenues. The significant role of Title IV funding in the operations of Kaplan Higher
Education is expected to continue.
The federal student financial aid programs created under Title IV of the Federal Higher Education Act (“Title IV programs”)
encompass various forms of student loans and non-repayable grants. In some cases, the federal government subsidizes
part of the interest expense of Title IV loans. Subsidized loans and grants are only available to students who can
demonstrate financial need. During 2010, about 69% of the approximately $1,460 million of Title IV funds received by
Kaplan Higher Education came from student loans, and approximately 31% of such funds came from grants.
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