Pearson is using Virtual Schools to gouge Public Education funding
K12, Connections Education (Pearson), and University of Phoenix (Apollo) were industry partners. Together, the three companies created a huge bubble in public education, and now there is overwhelming evidence of the negative effects of their business practices, which undermined the very thing they reported to be saving.
"Pearson acquired the Connections Academy, whose co-founder and executive VP is Mickey Revenaugh, is also the co-chair of the ALEC Education Task Force [really bad people]."
Article about the link between Pearson and University of Phoenix: http://www.pearson.com/news/2001/may/pearson-education-and-the-university-of-phoenix-collaborate.html?article=true
Frontline documentary on University of Phoenix Fraud: http://www.pbs.org/wgbh/pages/frontline/collegeinc/view/
Pearson acquires Connections Education in September of 2011.
in Pearson’s own words they were taking the “leading position in [a] fast-growing market for virtual schools.”
At the time, Pearson said:
Connections Education has produced revenue growth of more than 30% in each of the past three years and expects to generate revenues of approximately $190m in 2011 … Connections Academy Schools perform favourably compared with other full-time online programmes and have consistently received high performance ratings … For Pearson, the acquisition provides a leading position in the fast-growing virtual school segment and the opportunity to apply Connections Education’s skills and technologies in new segments and geographic markets. … Joining forces with Pearson gives Connections Education the opportunity to share our proven virtual education solutions with a much wider global audience.
December 12, 2011, The NY Times “spent several months” on an investigative report into “virtual schools”
Connections Education, with revenues estimated at $190 million, was bought this year by the education and publishing giant Pearson for $400 million. [In the article,] a portrait emerges of a company that tries to squeeze profits from public school dollars by raising enrollment, increasing teacher workload and lowering standards.
Mr. Bennett, who left [Pearson] in 2005, originally said a home-schooling package would cost about $1,000 per student per year. Parents who wanted teacher support would pay more. Today, K12 receives an average of $5,500 to $6,000 per student from state and local governments. The schools also receive money for federal programs.