Graham Holdings Company operates as an education and media company. Education Kaplan, Inc. (Kaplan), a subsidiary of the company, provides a range of education and related services worldwide for students and professionals. Kaplan conducts its operations through three segments: Kaplan Higher Education (KHE), Kaplan Test Preparation (KTP), and Kaplan International. KHE KHE provides a range of certificate, diploma and degree programs designed to meet the needs of students seeking to advance their education and career goals. In 2015, Kaplan’s U.S.-based KHE division included Kaplan University business. Kaplan University: Kaplan University specializes in online education, is accredited by the Higher Learning Commission of the North Central Association of Colleges and Schools, a regional accreditor approved by the U.S. Secretary of Education; and holds other programmatic accreditations. Most of Kaplan University’s programs are offered online, while some are offered in a traditional classroom format at 14 campuses in Iowa, Indiana, Maine, Maryland, Missouri, Nebraska and Wisconsin; and a Kaplan University Learning Center in Maryland. Kaplan University also includes Concord Law School, an online law school. As of December 31, 2015, Kaplan University had approximately 33,000 students enrolled in online programs and approximately 6,800 students enrolled in its classroom-based programs. Also residing within Kaplan University is the School of Professional and Continuing Education (PACE). PACE offers a range of education solutions to assist professionals in advancing their careers by obtaining professional licenses, designations and certifications. This includes solutions for insurance, securities, mortgage and appraisal licensing exams and for advanced designations, such as CFA (Chartered Financial Analyst) and CPA exams. PACE serves approximately 3,200 business-to-business clients, including approximately 66 Fortune 500 companies. In 2015, approximately 500,000 students used PACE’s exam preparation offerings. KTP In 2015, KTP included test preparation businesses in pre-college, graduate, health and bar review, as well as new businesses in new economy skills training (NEST) and in career advising. KTP also published test preparation and other books through its Kaplan Publishing business. Each of these businesses is as follows: Test Preparation: KTP’s pre-college and graduate businesses prepare students for a range of college and graduate school admissions examinations, including the SAT, ACT, LSAT, GMAT, MCAT and GRE. KTP’s health business prepares students for medical and nursing licensure exams, including the USMLE and NCLEX. Kaplan Bar Review offers full-service bar review in 50 states and the District of Columbia, as well as review for the multistate portion of the bar exam nationwide. KTP delivers courses at various venues throughout the U.S., Canada, Puerto Rico, Mexico, and London. These courses are taught at approximately 70 KTP-branded locations and at various other locations, such as hotels, high schools and universities. KTP also offers courses online, typically in a live online classroom or a self-study format. Private tutoring services are provided in person in select markets and online throughout the U.S. In addition, KTP licenses material for certain of its courses to third parties and to a Kaplan affiliate, which during 2015, delivered courses at 31 locations in 50 countries outside the U.S. KTP also offers college admissions examination preparation courses and materials directly to high schools and school districts. During 2015, KTP enrolled approximately 360,000 students in its courses, including approximately 155,000 enrolled in online programs. New Economy Skills Training: In 2015, KTP entered the NEST market in New York, California and Illinois with two offerings. The acquisition of Dev Bootcamp established KTP as a leader in software developer bootcamps, which are programs that provide students with job-ready computer coding skills. KTP also launched Metis, which offers data science and plans to offer marketing and other NEST programs. Publishing: Kaplan Publishing focuses
graham holdings co-class b (WPOB:Berlin)
1300 North 17th Street
Arlington, VA 22209
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