Following several years of significant enrollment decline, Graham Holdings sold Kaplan University to the Purdue University system for one dollar in March 2018, who rebranded the institution as Purdue University Global. In exchange, Purdue agreed to employ Kaplan, Inc. as the exclusive provider of nonacademic functions for thirty years, with a six year buyout option, and Kaplan, Inc. agreed to assume responsibility for liabilities resulting before the transaction. According to the contract terms, Kaplan receives 12.5 percent of the university's revenue, as long as funds are available after all operating expenses and guaranteed payments to Purdue have been covered. Purdue Global offers multiple credentials including certificates, bachelor, master, and doctoral degrees primarily online.