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WEST LAFAYETTE, Ind. (WLFI) — Purdue University President Mitch Daniels is addressing claims made against the Kaplan acquisition.
In a recent interview with News 18, Illinois Senator Dick Durbin said statistics show five years after graduation, the default rate on student loans is about 50 percent for Kaplan.
Daniels said Durbin has his facts wrong. He says Kaplan's default rate is less than 4 percent.
In September, Durbin co-wrote Purdue president Mitch Daniels a letter opposing the Kaplan Deal.
Earlier this month Durbin told News 18, "Kaplan is part of a for-profit college industry which is notorious in Washington for outrageous federal subsidies and miserable results with students deep in debt."
Daniels shares concern about student debt, but said Durbin is focused on the wrong target.
"He should feel good because, first of all, there are many fewer of them," said Daniels. "Secondly, there's about to be one less because
Kaplan is going to become a part of a public university. So, to that extent, I hope he'll take an open mind and see some positives."
News 18 reached out the Senator Durbin's office for comment Friday, but his staff said he was out of town.
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