Kaplan Test Prep and Chegg Partner to Bring Affordable Prep Options to Millions of Aspiring College and Grad School Students
August 28 2017 - 8:30AM
Business Wire
Kaplan Test Prep, a premier provider of educational test
preparation services and Chegg (NYSE: CHGG), the leading
student-first connected learning platform, have partnered to
develop affordable, high quality test prep services available
exclusively through Chegg. As part of the partnership, Kaplan
becomes the exclusive test prep partner for Chegg.
Starting today, Kaplan’s industry-leading comprehensive prep
courses, practice products, and books for the GRE®, GMAT®, LSAT®,
MCAT®, SAT®, and ACT®, will be offered on Chegg.com alongside Chegg
Tutors, Chegg’s 24/7 online expert tutor matching service. Later
this year, Kaplan and Chegg plan to release new online test prep
programs designed to affordably meet the needs of test-takers who
want best in class course instruction, at lower costs, beginning
with GMAT, SAT, and GRE options. These new programs will be sold
exclusively by Chegg.
“Making educational advancement a reality for as many students
as possible is a shared mission of both Kaplan and Chegg, and we
couldn’t be more excited about this partnership. Chegg’s
student-first approach of making education more affordable,
accessible and successful for students while providing high-quality
products makes us a powerful team,” said Lee Weiss, vice president,
Kaplan Test Prep. “With Chegg’s extensive distribution network,
Kaplan’s world class content, and our joint focus on technology, we
expect to provide students with the all the test prep offerings
they need in one place.”
The partnership is expected to resonate with Chegg’s audience of
millions of value-driven students who will be offered affordable
new test prep programs, launching later this year, starting at $99.
These products will include 1,000+ practice questions through a
customizable quiz bank and realistic full-length online practice
exams. Exams will come with performance analysis powered by
Kaplan’s Smart ReportsTM learning technology, which helps students
identify opportunities for improving their scores. Additionally,
students will get access to Kaplan’s most popular strategy sessions
taught by high-rated faculty members in an engaging online
classroom. Kaplan programs are informed by proprietary research
showing that in test prep, the inclusion of realistic, full-length
practice in a test-like environment is critical to success -- and
also that students value live instruction by a motivating teacher.
Both are included in the offerings available on Chegg.com
Chegg and Kaplan will guarantee the effectiveness of these
products with a Satisfaction Guarantee, providing students with the
opportunity to study again for free if they have not yet achieved
their goal scores. Students will be able to choose between a $99
offering or more premium package offering with more content and
longer study time.
“Millions of students take standardized tests every year.
Affordable and accessible test prep options are critical to making
sure every student can be set-up to achieve success with their
education. This partnership answers the call for more affordable
options; Chegg users will gain unparalleled access to engaging and
motivating test prep services, giving them an unmatched learning
experience. Both Kaplan and Chegg share a like-minded mission of
putting students first and together we can provide best-in-class
learning services. We are thrilled to partner with Kaplan, as there
is no better provider of test preparation products with a proven
track record of improving students’ academic outcomes,” said Nathan
Schultz, Chief Learning Officer, Chegg.
Visit Chegg.com/TestPrep to learn more.
Test names are the property of the respective trademark holders,
none of whom endorse this program.
About Kaplan Test Prep
Kaplan Test Prep (www.kaptest.com) is a premier provider of
educational and career services for individuals, schools and
businesses. Established in 1938, Kaplan is the world leader in the
test prep industry. With a comprehensive menu of online offerings
as well as a complete array of print books and digital products,
Kaplan offers preparation for more than 100 standardized tests,
including entrance exams for secondary school, college and graduate
school, as well as professional licensing exams for attorneys,
physicians and nurses. Kaplan also provides private tutoring and
graduate admissions consulting services.
About Chegg
Chegg puts students first. As the leading student-first
connected learning platform, Chegg strives to improve the overall
return on investment in education by helping students learn more in
less time and at a lower cost. Chegg is a publicly-held company
based in Santa Clara, California and trades on the NYSE under the
symbol CHGG. For more information, visit www.chegg.com.
SAFE HARBOR STATEMENT
This press release may be deemed to contain forward-looking
statements, which are subject to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995, including that
Chegg and Kaplan plan to provide new programs later this year.
Therefore, actual results, performance or achievements may differ
materially and adversely from those expressed in any
forward-looking statements. For information regarding other related
risks, see the "Risk Factors" section of Chegg's Quarterly Report
on Form 10-Q for the quarterly period ended June 39, 2017 filed
with the Securities and Exchange Commission, or SEC, on July 31,
2017, and Chegg's other SEC filings. You can obtain copies of
Chegg's SEC filings on the SEC's website at www.sec.gov or at
Chegg's Investor Relations website at investor.chegg.com. The
forward-looking statements included herein are made only as of the
date hereof, and Chegg undertakes an obligation to revise or update
any forward-looking statements for any reason except as required by
law.
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version on businesswire.com: http://www.businesswire.com/news/home/20170828005274/en/
For Kaplan Test PrepRussell Schaffer,
212-453-7538russell.schaffer@kaplan.comorCaroline Medeiros,
408-785-2028carolinem@chegg.comorTwitter: @KapTestNews@Chegg
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