Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 141

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 141
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, a financial training business operating in the United Arab Emirates and Saudi Arabia, taught approximately 4,500 students.

U.K. Immigration Regulations.  Certain KI businesses serve a significant number of international students, therefore it is critical that these businesses are able to sponsor international students to come to the U.K. United Kingdom Visas and Immigration (UKVI) administers certain regulations pursuant to which education institutions in the U.K. that wish to enroll international students are required to hold Student Visa sponsor licenses. The KI Pathways business is required to hold Student Visa licenses for international students aged 16 and above who enter the U.K. on a Student Visa to enroll in the courses KI Pathways delivers.

Each Student Visa license holder is required to hold Educational Oversight accreditation, which requires the submission of statutory data returns, reviews and inspections by the appropriate regulatory body. Student Visa license holders are also required to pass the annual Basic Compliance Assessment (BCA). For the thirteenth consecutive year, all KI institutions have retained Educational Oversight accreditation. All Student Visa annual BCA renewals have been approved. Students at English language schools generally choose to enter the U.K. on a Visitor or Short-Term Student visa. The MPW schools each hold current Student Visa and Child Student Visa (applicable to students aged 4-17) licenses and have performed well consistently, with good records in their inspections by their applicable oversight bodies.

The Higher Education and Research Act 2017 created a regulator for higher education in England, the Office for Students (OfS). All of KI’s higher education businesses in the U.K., excluding Glasgow International College and University of York International Pathway College, retained registration with the OfS in 2024 to ensure that they could continue operating and retain their Student Visa sponsor licenses and/or continue to accept students funded by U.K. student loans. Glasgow International College, located in Scotland, is not regulated by the OfS and remains overseen by the Quality Assurance Agency for Higher Education (QAA). The University of York International Pathway College forms part of the University of York’s OfS registration. No assurance can be given that each KI business in the U.K. will be able to maintain its Student Visa or Child Student Visa license and Educational Oversight or OfS/QAA registration. Maintenance of each of these approvals requires compliance with several core metrics that may be difficult to sustain. The loss by one or more institutions of the Student Visa or Child Student Visa license, Educational Oversight accreditation or OfS/QAA registration