McGraw-Hill (MHP) Wins Contract to Create New High School Equivalency Test in NY
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McGraw-Hill (NYSE: MHP) is lower on the session amid reports of a notable testing vistory Thursday afternoon.
The WSJ is reporting that McGraw-Hill won an $8.4 million contract for creating of an exam which will replace New York's state GED test.
Next January, New York will no longer offer a free GED test, which is offered by the GED Testing Service and undergoing the biggest overhaul in its 70-year history.
Officials said that the state is going with the Test Assessing Secondary Completion, or TASC, which will be created by CTB/McGraw-Hill.
Increased costs was one of the main factors in New York making the switch. Whether or not other states will follow suit hasn't been speculated.
Shares are down 0.3 percent.
The WSJ is reporting that McGraw-Hill won an $8.4 million contract for creating of an exam which will replace New York's state GED test.
Next January, New York will no longer offer a free GED test, which is offered by the GED Testing Service and undergoing the biggest overhaul in its 70-year history.
Officials said that the state is going with the Test Assessing Secondary Completion, or TASC, which will be created by CTB/McGraw-Hill.
Increased costs was one of the main factors in New York making the switch. Whether or not other states will follow suit hasn't been speculated.
Shares are down 0.3 percent.
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