Exhibit 21



|                                                                  |  |                                               |  |                                   |     
|----------------------------------------------------------------- |  | --------------------------------------------- |  | --------------------------------- | ----
|Name of Subsidiary                                                |  | Jurisdiction of Incorporation or Organization |  | % of VotingEquity Owned by Parent |     
|Bowater Mersey Paper Company Limited                              |  | Nova Scotia                                   |  | 49                                | %   
|Cable One, Inc.                                                   |  | Delaware                                      |  | 100                               | %   
|Capitol Fiber, Inc.                                               |  | Maryland                                      |  | 80                                | %   
|CourseAdvisor, Inc.                                               |  | Delaware                                      |  | 100                               | %   
|The Daily Herald Company                                          |  | Washington                                    |  | 100                               | %   
|El Tiempo Latino LLC                                              |  | Delaware                                      |  | 100                               | %   
|Express Publications Company, LCC                                 |  | Delaware                                      |  | 100                               | %   
|Greater Washington Publishing, Inc.                               |  | Delaware                                      |  | 100                               | %   
|Kaplan, Inc.                                                      |  | Delaware                                      |  | 99.86                             | %   
|Kaplan Professional Holdings, Inc.                                |  | Delaware                                      |  | 100                               | %   
|DF Institute, Inc.                                                |  | Illinois                                      |  | 100                               | %   
|Dearborn Financial Publishing, Inc.                               |  | Illinois                                      |  | 100                               | %   
|Education Connection Services, Inc.                               |  | Delaware                                      |  | 100                               | %   
|Kaplan Netherlands B.V.                                           |  | The Netherlands                               |  | 100                               | %   
|Kaplan Holdings Limited                                           |  | Hong Kong                                     |  | 100                               | %   
|Kaplan Coinage Limited                                            |  | Hong Kong                                     |  | 50                                | %   
|Shanghai Kaplan Education Investment Consulting Co. Ltd           |  | China (PR)                                    |  | 100                               | %   
|Kaplan Singapore Pte. Ltd.                                        |  | Singapore                                     |  | 100                               | %   
|Asia Pacific Finance Institute Pte. Ltd.                          |  | Singapore                                     |  | 100                               | %   
|Asia Pacific Management Institute Pte. Ltd.                       |  | Singapore                                     |  | 100                               | %   
|Kaplan Higher Education (HK) Limited                              |  | Hong Kong                                     |  | 100                               | %   
|KaplanAsia Pacific Management Institute(S) Pte. Ltd.             |  | Singapore                                     |  | 100                               | %   
|Lotus Advertising Pte Ltd.                                        |  | Singapore                                     |  | 100                               | %   
|Management Development Institute (HK) Limited                     |  | Hong Kong                                     |  | 100                               | %   
|RV Mekong Joint Stock Company                                     |  | Vietnam                                       |  | 49                                | %   
|The Financial Training (Shanghai) Co., Ltd .                      |  | China (PR)                                    |  | 100                               | %   
|Shanghai Kai Bo Education Investment Management Co. Limited       |  | China (PR)                                    |  | 85                                | %(a)
|Zhejiang Kaplan Shinyway Education Investment Management Co. Ltd. |  | China (PR)                                    |  | 50                                | %   
|Suzhou Overseas Education Training Centre                         |  | China (PR)                                    |  | 59.5                              | %   
|Chongqing Shapingpa Kai Bo Education Training School              |  | China (PR)                                    |  | 85                                | %   
|Chengdu Kai Bo Training School                                    |  | China (PR)                                    |  | 85                                | %   
|Qingdao Kai Bo Education Investment Consulting Company            |  | China (PR)                                    |  | 85                                | %   
|Qingdao Kai Bo Foundation Education School                        |  | China (PR)                                    |  | 85                                | %   
|Qingdao Kai Bo International Education Exchange                   |  | China (PR)                                    |  | 85                                | %   
|Accountancy & Business College Holdings Limited                   |  | Ireland                                       |  | 100                               | %(b)
|Accountancy & Business College (Ireland) Limited                  |  | Ireland                                       |  | 100                               | %   
|Methley Limited                                                   |  | Ireland                                       |  | 100                               | %   
|Kitagarth Services                                                |  | Ireland                                       |  | 100                               | %   
|Accountancy & Business College (Software) Limited                 |  | Ireland                                       |  | 100                               | %   
|DBS Training Limited                                              |  | Ireland                                       |  | 100                               | %   
|European Business School (Ireland) Limited                        |  | Ireland                                       |  | 100                               | %   
|LSB College Limited                                               |  | Ireland                                       |  | 100                               | %   
|Buccleuch Estates Limited                                         |  | Ireland                                       |  | 100                               | %   
|Newhall Printing Co. Limited                                      |  | Ireland                                       |  | 100                               | %   
|The Dublin Business School Limited                                |  | Ireland                                       |  | 100                               | %   
|DBS Education (Malaysia) SDN BHD                                  |  | Malaysia                                      |  | 100                               | %   



1



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|                                                                      |  |                                               |  |                                   |  
|--------------------------------------------------------------------- |  | --------------------------------------------- |  | --------------------------------- | -
|Name of Subsidiary                                                    |  | Jurisdiction of Incorporation or Organization |  | % of VotingEquity Owned by Parent |  
|Coxcourt Limited                                                      |  | Ireland                                       |  | 100                               | %
|Kidum Enterprises and Publishing (1981) Ltd.                          |  | Israel                                        |  | 100                               | %
|Lachman Tests Preparation Ltd.                                        |  | Israel                                        |  | 100                               | %
|Kidum Test Preparation Ltd.                                           |  | Israel                                        |  | 100                               | %
|Kidum IT Ltd.                                                         |  | Israel                                        |  | 100                               | %
|Kidum Enterprises Management & Marketing (1995) Ltd.                  |  | Israel                                        |  | 100                               | %
|W.S.I. Training Ltd.                                                  |  | Israel                                        |  | 100                               | %
|KPE LLC                                                               |  | Delaware                                      |  | 100                               | %
|EduNeering Holdings, Inc.                                             |  | Delaware                                      |  | 100                               | %
|Kaplan Test Prep and Admissions Limited                               |  | England & Wales                               |  | 100                               | %
|Kaplan (Canada) Ltd.                                                  |  | Ontario                                       |  | 100                               | %
|U.S. CPA ExamPrep, Inc.                                               |  | Ontario                                       |  | 100                               | %
|Kaplan Educational Services de Mexico, S. de R.L. de C.V.             |  | Mexico                                        |  | 99                                | %
|Education HR Services Mexico, S. de R.L. de C.V.                      |  | Mexico                                        |  | 99                                | %
|Kaplan English Colleges Pty Limited                                   |  | Australia                                     |  | 100                               | %
|International House Queensland English Language College Pty Limited   |  | Australia                                     |  | 100                               | %
|Access Learning Institutes Pty Limited                                |  | Australia                                     |  | 100                               | %
|Kaplan Higher Education Corporation                                   |  | Delaware                                      |  | 100                               | %
|Andon Colleges, Inc.                                                  |  | California                                    |  | 100                               | %
|DEST Education Corporation                                            |  | California                                    |  | 100                               | %
|California Academy of Merchandising, Art & Design, Inc.               |  | Delaware                                      |  | 100                               | %
|CHI Acquisition Corp.                                                 |  | Delaware                                      |  | 100                               | %
|Computer Hardware Service Company, Inc.                               |  | Pennsylvania                                  |  | 100                               | %
|Denver Acquisition Corp.                                              |  | Delaware                                      |  | 100                               | %
|Educational Ventures (Texas), Inc.                                    |  | Delaware                                      |  | 100                               | %
|HBC Acquisition Corp.                                                 |  | Delaware                                      |  | 100                               | %
|Heritage-KHEC, Inc.                                                   |  | Nevada                                        |  | 100                               | %
|ICM Acquisition Corp.                                                 |  | Delaware                                      |  | 100                               | %
|Iowa College Acquisition Corp.                                        |  | Delaware                                      |  | 100                               | %
|KHEC-Albuquerque, Inc.                                                |  | New Mexico                                    |  | 100                               | %
|KHEC-Florida, Inc.                                                    |  | Florida                                       |  | 100                               | %
|KHEC-Maine, Inc.                                                      |  | Maine                                         |  | 100                               | %
|Andover College                                                       |  | Maine                                         |  | 100                               | %
|MTSX Acquisition Corp.                                                |  | Delaware                                      |  | 100                               | %
|Maric Learning Systems                                                |  | California                                    |  | 100                               | %
|New Hampshire Acquisition Corp.                                       |  | Delaware                                      |  | 100                               | %
|Hesser, Inc.                                                          |  | New Hampshire                                 |  | 100                               | %
|OIOPT Acquisition Corp.                                               |  | Delaware                                      |  | 100                               | %
|Palo Vista College of Nursing & Allied Health Sciences, Inc.          |  | California                                    |  | 100                               | %
|Quest Ventures, LLC                                                   |  | Delaware                                      |  | 100                               | %
|Texas Educational Ventures, LLP                                       |  | Texas                                         |  | 99                                | %
|RETS Acquisition Corp.                                                |  | Massachusetts                                 |  | 100                               | %
|SACMD Acquisition Corp.                                               |  | Delaware                                      |  | 100                               | %
|Sawyer-KHEC, Inc.                                                     |  | Indiana                                       |  | 100                               | %
|Sawyer College, Inc.                                                  |  | Indiana                                       |  | 100                               | %
|Scottsdale Educational Center for Allied Health Careers, Incorporated |  | Arizona                                       |  | 100                               | %



2



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|                                                           |  |                                               |  |                                   |  
|---------------------------------------------------------- |  | --------------------------------------------- |  | --------------------------------- | -
|Name of Subsidiary                                         |  | Jurisdiction of Incorporation or Organization |  | % of VotingEquity Owned by Parent |  
|Tesst-Kap, LLC                                             |  | Delaware                                      |  | 100                               | %
|Thompson Education, LLC                                    |  | Delaware                                      |  | 100                               | %
|Kaplan International, Inc.                                 |  | Delaware                                      |  | 100                               | %
|Kaplan IT, Inc.                                            |  | Georgia                                       |  | 100                               | %
|Kaplan IT Limited                                          |  | England & Wales                               |  | 100                               | %
|Kaplan IT (PTY) Limited                                    |  | South Africa                                  |  | 100                               | %
|Kaplan Mexico Holdings, LLC                                |  | Delaware                                      |  | 100                               | %
|Kaplan (India) Private Limited                             |  | India                                         |  | 95                                | %
|Kaplan (PR) Inc.                                           |  | Puerto Rico                                   |  | 100                               | %
|Kaplan Test Prep International, Inc.                       |  | California                                    |  | 100                               | %
|Aspect Education, Inc.                                     |  | California                                    |  | 100                               | %
|Aspect Education Sydney Pty Limited                        |  | Australia                                     |  | 100                               | %
|Aspect ILA Sydney Pty Limited                              |  | Australia                                     |  | 100                               | %
|Aspect ILA Perth Pty Limited                               |  | Australia                                     |  | 100                               | %
|International Language Academies Education (NZ) Limited    |  | New Zealand                                   |  | 100                               | %
|ILA South Pacific Limited                                  |  | New Zealand                                   |  | 100                               | %
|Kaplan U.K. Limited                                        |  | England & Wales                               |  | 100                               | %
|Aspect Education Limited                                   |  | England & Wales                               |  | 100                               | %
|Aspect (Beijing) Education Information Consulting Co. Ltd. |  | China (PR)                                    |  | 100                               | %
|I.S. Holdings, Inc.                                        |  | British Columbia                              |  | 100                               | %
|Pacific Language Institute (Vancouver),Inc.                |  | British Columbia                              |  | 100                               | %
|Stin Holdings, Inc.                                        |  | British Columbia                              |  | 100                               | %
|Pacific Language Institute (Toronto), Inc.                 |  | Ontario                                       |  | 100                               | %
|Aspect Education UK Limited                                |  | England & Wales                               |  | 100                               | %
|Aspect Educational Services Limited                        |  | England & Wales                               |  | 100                               | %
|Aspect International Language Schools II BV                |  | The Netherlands                               |  | 100                               | %
|Aspect International Language Academies Limited            |  | England & Wales                               |  | 100                               | %
|Aspect International Language Schools Corp.                |  | Canada                                        |  | 100                               | %
|Aspect International Language Schools Limited              |  | Ireland                                       |  | 100                               | %
|Aspect Internationale Sprachschule GmbH                    |  | Germany                                       |  | 100                               | %
|Aspect Language Schools Limitada                           |  | Columbia                                      |  | 100                               | %
|Aspect Language Schools Limited                            |  | Switzerland                                   |  | 100                               | %
|Aspect S.A.R.L. France                                     |  | France                                        |  | 100                               | %
|Optagon International Limited BVI                          |  | British Virgin Islands                        |  | 100                               | %
|Aspect Education (Hong Kong) Limited                       |  | Hong Kong                                     |  | 100                               | %
|Pro Linguis                                                |  | Switzerland                                   |  | 100                               | %
|West of England Language Services Limited                  |  | England & Wales                               |  | 100                               | %
|The Salisbury School of English Limited                    |  | England & Wales                               |  | 100                               | %
|WELS (Australia) Pty Limited                               |  | Australia                                     |  | 100                               | %
|Southern California Institute of English Language LLC      |  | California                                    |  | 100                               | %
|Kaplan International Holdings Limited                      |  | England & Wales                               |  | 100                               | %
|Kaplan Higher Education Limited                            |  | England & Wales                               |  | 100                               | %
|Kaplan Financial Limited                                   |  | England & Wales                               |  | 100                               | %
|Altior Limited                                             |  | England & Wales                               |  | 100                               | %
|Altior Consulting & Training Limited .                     |  | England & Wales                               |  | 100                               | %



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|                                                     |  |                                               |  |                                   |  
|---------------------------------------------------- |  | --------------------------------------------- |  | --------------------------------- | -
|Name of Subsidiary                                   |  | Jurisdiction of Incorporation or Organization |  | % of VotingEquity Owned by Parent |  
|Kaplan Financial (Singapore) Pte. Limited            |  | Singapore                                     |  | 100                               | %
|Kaplan Financial (HK) Limited                        |  | Hong Kong                                     |  | 100                               | %
|Kaplan Language Training (HK) Limited                |  | Hong Kong                                     |  | 100                               | %
|Profound Times Limited                               |  | Hong Kong                                     |  | 100                               | %
|Hawksmere Limited                                    |  | England & Wales                               |  | 100                               | %
|Hawksmere Employee Benefit Trust Company Limited     |  | England & Wales                               |  | 100                               | %
|HLT Holdings Limited                                 |  | England & Wales                               |  | 100                               | %
|HLT Properties Limited                               |  | England & Wales                               |  | 100                               | %
|Holborn College Limited                              |  | England & Wales                               |  | 100                               | %
|Kaplan International Colleges U.K. Limited           |  | England & Wales                               |  | 100                               | %
|Kaplan Colleges Private Limited                      |  | India                                         |  | 100                               | %
|Kaplan International Colleges (Private) Limited      |  | Pakistan                                      |  | 100                               | %
|Kaplan Glasgow Limited                               |  | England & Wales                               |  | 100                               | %
|Kaplan International Colleges Limited                |  | Nigeria                                       |  | 100                               | %
|Kaplan Liverpool Limited                             |  | England & Wales                               |  | 100                               | %
|Kaplan NT Limited                                    |  | England & Wales                               |  | 100                               | %
|Kaplan US Limited                                    |  | England & Wales                               |  | 100                               | %
|Kaplan International College London Limited.         |  | England & Wales                               |  | 100                               | %
|Kaplan Law School Limited                            |  | England & Wales                               |  | 100                               | %
|Kaplan Open Learning Limited                         |  | England & Wales                               |  | 100                               | %
|Kaplan Open Learning (Essex) Limited                 |  | England & Wales                               |  | 100                               | %
|Kaplan Publishing Limited                            |  | England & Wales                               |  | 100                               | %
|Kaplan Australia Holdings Pty Limited                |  | Australia                                     |  | 100                               | %
|Kaplan Australia Pty Limited                         |  | Australia                                     |  | 100                               | %
|Asia Pacific Finance Institute Pty Ltd               |  | Australia                                     |  | 100                               | %
|Kaplan Higher Education Pty Limited                  |  | Australia                                     |  | 100                               | %
|AUFP Pty Ltd                                         |  | Australia                                     |  | 100                               | %
|Bradford College Pty Ltd.                            |  | Australia                                     |  | 100                               | %
|Kaplan Business School Australia Pty Ltd             |  | Australia                                     |  | 100                               | %
|Tribeca Learning Pty Limited                         |  | Australia                                     |  | 100                               | %
|Kaplan Education Pty Limited                         |  | Australia                                     |  | 100                               | %
|Score! Learning, Inc.                                |  | Delaware                                      |  | 95.85                             | %
|eScore.com, Inc.                                     |  | Delaware                                      |  | 100                               | %
|Score! Educational Centers, Inc.                     |  | California                                    |  | 100                               | %
|Washington Post/Kaplan IC Limited Company            |  | Cyprus                                        |  | 100                               | %
|Wise Tactic Holdings Limited                         |  | British Virgin Islands                        |  | 85                                | %
|Los Angeles Times-Washington Post News Service, Inc. |  | D.C.                                          |  | 50                                | %
|Newsweek, Inc.                                       |  | New York                                      |  | 100                               | %
|Newsweek Budget Travel, Inc.                         |  | Delaware                                      |  | 100                               | %
|Newsweek Productions, Inc.                           |  | Delaware                                      |  | 100                               | %
|Newsweek Services, Inc.                              |  | Delaware                                      |  | 100                               | %
|Newsweek Services (Canada), Inc.                     |  | Delaware                                      |  | 100                               | %
|Post-Newsweek Media, Inc.                            |  | Maryland                                      |  | 100                               | %



4



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|                                                 |  |                                               |  |                                   |  
|------------------------------------------------ |  | --------------------------------------------- |  | --------------------------------- | -
|Name of Subsidiary                               |  | Jurisdiction of Incorporation or Organization |  | % of VotingEquity Owned by Parent |  
|Post-Newsweek Stations, Inc.                     |  | Delaware                                      |  | 100                               | %
|Post-Newsweek Stations, Florida, Inc.            |  | Florida                                       |  | 100                               | %
|Post-Newsweek Stations, Houston GP, Inc.         |  | Delaware                                      |  | 100                               | %
|Post-Newsweek Stations, Michigan, Inc.           |  | Delaware                                      |  | 100                               | %
|Post-Newsweek Stations, Orlando, Inc.            |  | Delaware                                      |  | 100                               | %
|Post-Newsweek Stations, San Antonio GP, Inc.     |  | Delaware                                      |  | 100                               | %
|Post-Newsweek Productions Inc.                   |  | Delaware                                      |  | 100                               | %
|Robinson Terminal Warehouse Corporation          |  | Delaware                                      |  | 100                               | %
|Washingtonpost.Newsweek Interactive Company, LLC |  | Delaware                                      |  | 100                               | %
|WP Company LLC                                   |  | Delaware                                      |  | 100                               | %



| | (a) | Shanghai Kaplan Education Investment Consulting Co. Ltd also owns 45% stock in Shanghai Kai Bo Education Investment Management Co. Limited. The combined ownership of The Financial Training
(Shanghai) Co., Ltd and Shanghai Kaplan Education Investment Consulting Co. Ltd in Shanghai Kai Bo Education Investment Management Co. Limited is 85%.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b) | Coxcourt Limited also owns voting stock in Accountancy & Business College Holdings Limited. The combined stock ownership of Kaplan Netherlands B.V. and Coxcourt Limited in
Accountancy & Business College Holdings Limited is 100%.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

As permitted by Item 601(b)(21) of Regulation S-K, the foregoing list omits
certain subsidiaries which, if considered in the aggregate as a single subsidiary, would not constitute a significant subsidiary as that term is defined in Rule 1-02(w) of Regulation S-X.



5