In a move that has raised eyebrows with higher education experts, a well-regarded public university has forged a deal with a for-profit college. Purdue University announced Thursday that it has paid $1 up front to acquire assets from Kaplan University in an attempt to expand its offerings in online education targeted toward adult learners. Purdue President Mitch Daniels said at a Board of Trustees meeting Thursday that the Indiana university wants to be a leader as online education continues to grow, but that it wasn’t capable of doing that on its own. “Today’s agreement moves us from a standing start to a leading position,” Daniels said in a statement. Purdue will turn Kaplan into a yet-to-be-named new public university that will, for the time being, continue offering the same set of academic programs. Kaplan’s 3,000 employees will be transferred, as will its 32,000 students. Purdue says it will take over the academic side of the operation, while Kaplan will continue non-academic services, including marketing and student recruitment. The new university will be self-sufficient and run off of tuition revenue and fundraising. Students will pay Kaplan's existing tuition and fees, although Purdue said Indiana students may receive an in-state discount. Trouble-Plagued Industry While Kaplan has one of the stronger names in for-profit education, the industry has faced years of declining enrollment, heightened regulations, legal battles, and broad criticism for loading students up with debt and providing meaningless degrees. At Kaplan itself, enrollment fell 22% in 2016 and its revenue is down 40% from 2014, according to an annual report from Graham Holdings, which owns Kaplan. As David Halperin, a policy analyst who writes about for-profit colleges, points out in a piece on Huffington Post, Kaplan has been investigated by or settled cases -- some for more than $1 million -- with attorneys general in Delaware, Florida, Illinois, Massachusetts, and North Carolina, as well as with the U.S. Departments of Education and Just