The settlement agreement, lawsuit, and alleged wrongdoing are not related to our company, The Princeton Review.
Our company, TPR Education, LLC, doing business as The Princeton Review, was never a defendant in this lawsuit nor were we ever engaged in the Supplemental Education Services (SES) business that was at the core of the lawsuit's allegations. No employee currently working for our company was part of the SES business.
We purchased the Higher Education Readiness Division of The Princeton Review, Inc. on May 18th 2012. This purchase included the Princeton Review brand name, its network of fine teachers, and its well-known test preparation books and college guides. We did not purchase the company's SES business that is at the heart of the lawsuit, or any of the assets or liabilities related to that business.
TPR Education, LLC is a privately held company owned by management and investors, and we are proud to do business under the name "The Princeton Review." We continue the good work that The Princeton Review has done for over 30 years: supporting millions of students each year in the U.S.A. and across the world, to help them attain their learning and career goals.
We are pleased to learn the U.S. Department of Justice has reached a settlement agreement with Education Holdings 1, Inc. We don’t know if the allegations about the company's former SES business were true, but we can categorically state that we would never tolerate the fraudulent business practices that were claimed in the lawsuit. We are relieved that these issues have been brought to a satisfactory resolution for all parties involved.
Scott Kirkpatrick
President
TPR Education, LLC
111 Speen Street
Framingham, MA 01701
About The Princeton Review
Founded in 1981, The Princeton Review (www.PrincetonReview.com) is a privately held education services company headquartered in Framingham, MA. The Company has long been a leader in helping students achieve their education and career goals through its test preparation services, tutoring and admissions resources, online courses, and more than 150 print and digital books published by Random House, Inc. The Princeton Review delivers its programs via a network of more than 5,000 teachers and tutors in the U.S.A., Canada, and international franchises. The Company also partners with schools and guidance counselors worldwide to provide students with college readiness, test preparation and career planning services.