In negotiating the acquisition of Kaplan University, we crafted an agreement that provided a nearly impenetrable defense of Purdue’s finances. In no way will Purdue ever need to take money from another campus to pay for expenses at what is now Purdue Global. In fact, using state funds for Purdue Global is not permitted under the law and while we didn’t create Purdue Global for financial benefit, it is more likely that revenue from Purdue Global would supplement the Purdue system than the other way around.
The authors’ claim that the Purdue system is bleeding the regional campuses dry and that Purdue Global operated at a $38 million loss in its first year revealed their general lack of understanding of the principles of higher education accounting. To sell their narrative, the authors obsessed over a single branch in the forest that composes the Purdue system’s finances.