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Washington Post's Kaplan Being Investigated By Illinois AG

By Melissa Korn Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Washington Post Co.'s (WPO) 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. According to a securities filing Wednesday, the company received a Civil Investigative Demand from the state on Feb. 7. Post Co. 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. A Kaplan representative declined further comment. 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. Meanwhile, Bridgepoint Education Inc. (BPI) said in a securities filing last month that the Iowa Attorney General is looking into its Ashford University, and in December, the Kentucky attorney general launched a probe into six unnamed for-profit schools in that state. -By Melissa Korn, Dow Jones Newswires; 212-416-2271; melissa.korn@dowjones.com

Stock News for Bridgepoint Educatio (BPI)
DateTimeHeadline
05/12/201408:58:08U.S. Hot Stocks: Hot Stocks to Watch
07/11/201309:14:35U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
06/09/201113:46:46Some Relief, But For-Profit Colleges Still Face Challenges
06/02/201109:48:46For-Profit Colleges Rally As Government Test Looks Easy
06/02/201100:31:23US Education Dept Softens Final Rule On Vocational Programs
03/02/201117:42:12Washington Post's Kaplan Being Investigated By Illinois AG
01/25/201111:54:59US Education Department To Clarify Controversial Regulations
12/15/201018:01:51Kentucky Attorney General Probing Six For-Profit Schools
10/28/201000:28:25US Education Dept Releases Higher Education Rule Package
09/30/201014:15:28Sen Harkin To Propose Legislative Changes To For-Profit Colleges
09/23/201014:25:22Education Dept To Set Timeline For Higher-Ed Regulations Friday
08/16/201013:12:08CORRECT: For-Profit Schools Could See Bigger Hit From Debt Rule
08/16/201008:30:13For-Profit Schools Could See Bigger Hit From Student Debt Rule
07/23/201000:28:11U.S. To Scrutinize For-Profit Career Colleges
05/20/201009:29:37Bridgepoint Education To Produce Its Own Online Texts
05/13/201017:16:51CORRECT(3/24):College Investors Bank On Gainful Employment Rule...
03/24/201012:17:04College Investors Bank On Gainful Employment Rule Easing
03/03/201014:30:20CORRECT: For-Profit Colleges Capitalize On California Education...
03/03/201013:19:07For-Profit Colleges Capitalize On California Education Woes

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