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Graham Holdings Subsidiary Kaplan Earns Second Education Award

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GHC$1,174.77 −0.21%

Kaplan, Inc., a subsidiary of Graham Holdings Company (NYSE:GHC), earned recognition in the higher education category for its All Access License program for the second consecutive year. The program allows participating colleges, universities, and state agencies to provide standardized test preparation and workforce training courses to their students at zero out-of-pocket cost.

Since launching in 2022, the program has saved tens of thousands of students more than $85 million in out-of-pocket expenses for admissions, credentialing, and licensure exam preparation. Partner institutions include Howard University, Spelman College, Cleveland State University, and the Illinois Student Assistance Commission, which offers access across Illinois public universities.

Investors will watch whether expanding partnerships with higher education institutions and state governments helps drive growth for Kaplan and its parent entity. Shares of Graham Holdings Company were trading up 0.35% at $1,177 following the announcement.

Key points

  • Kaplan's All Access License earned a second consecutive award in the higher education category.
  • The program has saved participating students over $85 million in out-of-pocket prep costs since 2022.
  • Institutional partners include Howard University, Spelman College, and the Illinois Student Assistance Commission.
  • Kaplan is a subsidiary of Graham Holdings Company (NYSE:GHC), whose shares were up 0.35% at $1,177.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

What is Kaplan's All Access License program?

It is an institutional subscription that enables colleges and universities to offer students free access to test preparation and career development courses.

How much money has Kaplan's All Access License saved students?

Since its launch in 2022, the program has saved tens of thousands of students more than $85 million in out-of-pocket costs.

Who owns Kaplan?

Kaplan is a global education subsidiary owned by Graham Holdings Company (NYSE:GHC).