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Illinois Investigates Kaplan Higher Education

Updated: Wednesday, 02 Mar 2011, 3:41 PM PST
Published : Wednesday, 02 Mar 2011, 3:41 PM PST

(Dow Jones) - Kaplan Higher Education is being investigated by the Illinois Attorney General, adding to a growing list of for-profit colleges being scrutinized at the state level, Dow Jones Newswires reported Wednesday.

According to a securities filing Wednesday, the company received a Civil Investigative Demand from the state on Feb. 7.

The Washington Post Co., which owns Kaplan, said the demand "primarily" seeks information on Illinois residents who attend Kaplan University's online program. The company said it is reviewing the demand and intends to cooperate, but cannot yet predict the outcome of the inquiry.

Kaplan also was named in an investigation by Florida's Attorney General in October. That probe sought information from six for-profit schools -- five publicly traded -- on potential misrepresentations in financial aid, recruitment and other areas.

Washington Post said in the securities filing that Kaplan has been in discussions with that state regarding the subpoena and determining a "reasonable time frame" by which it must hand over information.

 

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