Note to editors: Kaplan is a subsidiary of Graham Holdings Company (NYSE: GHC)
New York, NY and Santa Clara, CA (August 28, 2017) — 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 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.
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
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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.