Last week was the first meeting for the board of trustees for NewU, the working name for Kaplan University now that it has been “acquired” by Purdue University. And yes, the scare quotes are intentional given the $1 purchase price. I’ll give the group high marks for transparency by the press release.

In its inaugural regular meeting, the Board of Trustees for Purdue’s new affiliated institution, currently referred to as NewU, approved plans to offer a dramatic tuition discount for Indiana resident students and free tuition for Purdue employees.  The new Indiana resident rate, also approved by Kaplan University’s trustees, will take effect at the beginning of KU’s next academic term. [snip]


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