Looks like Purdue University bought a flaming sack of s**t for a buck. Who pays for this $38M loss?
And does anyone care about the real Purdue's reputation?
https://www.purdue.edu/business/account/pdf/508_FY18-Comprehensive-Final.pdf
https://www.linkedin.com/pulse/purdue-university-its-subprime-college-cousin-fraud-dahn-shaulis/
Well, someone made a profit. Graham Holdings Company reported that they profited from Purdue Global in 2018, with an operating income of more than $15Min 2018. See page 40 of the Annual Report.
https://www.sec.gov/Archives/edgar/data/104889/000010488919000013/d10k.htm
"The Company recorded $16.8 million of service fee with Purdue Global in its Higher Education operating results in 2018, based on an assessment of its collectability under the TOSA."