Ever wonder how the ultra-liberal Democrat supporting Washington Post survives?

What WaPo doesn't want you to know

From Eric Dondero:

In the age of the enormously successful cable giant Fox and internet news sources, Google News, Yahoo News, and Drudge, scores of print newspapers are going under. Just in the last two years: Seattle Post-Intelligencer, Philly Daily News, Ann Arbor News, and Rocky Mountain News have all called it quits.

So, how does the grand old Washington Post survive in such an environment?

From DailyCensored.com:

the answer to how the Washington Post is surviving can be found in the fact that the company and thus the paper does not receive the majority of its revenue from either classified advertising or even advertising itself. The real story, that the Washington Post will not publish, is that the paper receives the majority of its revenue stream, its life blood, so to speak, from Kaplan University, a for-profit predatory institution that poses as higher education.

Censored looked at WaPo's 10-k filing for 2010:

“Kaplan Higher Education generated $1.54 billion in revenue in 2009, 58 percent of the Washington Post Company’s total revenue. The $1.54 billion revenue for Kaplan Higher Education was an increase of $606 million (65 percent) from 2007.

Nearly $1.3 billion (83 percent) of the Kaplan Higher Education’s total revenue came from federal Title IV student aid programs... The Washington Post is being run by federal taxpayer subsidized Title IV loans...

Kaplan Higher Education is the blood bank for the Washington Post.

Taxpayers get stuck with the bill on defaulted Student Loans from Kaplan

According to Barron's, WaPo Corp is worth 8.5 billion, and $5 billion of that comes from Kaplan.

Kaplan services mostly low-income largely minority students. According to Russel Adams and Melissa Korn at the Wall Street Journal, "Kaplan [has] come under fire from government agencies who say the schools are pushing prospective students to take on heavy debt while failing to prepare them for careers that allow the students to pay off the loans."

And who ultimately picks up the tab when these low income students default on their loans? Censored further explains:

Title IV programs encompass various forms of student loans, with the funds being provided either by the federal government itself or by private financial institutions with a federal guarantee protecting the institutions against the risk of default. In some cases, the federal government pays part of the interest expense.

Henry Percy writing at the American Thinker sums it all up:

the Washington Post is on life support from its Kaplan Higher Education division, which receives $1.3 billion (83 percent) of its total revenue from federal student loans. But Kaplan's students default at an alarming rate, leaving the taxpayers stuck with the bill.