Editing Michael Milken (section)

===Later career===

Milken and his brother [[Lowell Milken|Lowell]] founded [[Knowledge Universe]] in 1996, as well as Knowledge Learning Corporation (KLC), the parent company of [[KinderCare Learning Centers]], the largest for-profit [[child care]] provider in the country. Michael Milken was chairman of Knowledge Universe until it was sold in 2015.<ref name=OregonBusiness>{{cite magazine |url=http://www.oregonbusiness.com/articles/96-february-2011/4739-knowledge-universe-reaches-16-billion-in-revenue |title=Knowledge Universe reaches $1.6 billion in revenue |magazine=Oregon Business |date=February 2011 |access-date=January 9, 2011 |url-status= |archive-url=https://web.archive.org/web/20110207075627/http://www.oregonbusiness.com/articles/96-february-2011/4739-knowledge-universe-reaches-16-billion-in-revenue |archive-date=February 7, 2011}}</ref><ref>{{cite news|url=https://economictimes.indiatimes.com/news/international/junk-bond-king-milken-is-back-plans-to-raise-1bn/articleshow/1785643.cms|title=Junk bond king Milken is back, plans to raise $1bn|newspaper=The Economic Times|access-date=August 3, 2020|archive-date=October 27, 2020|archive-url=https://web.archive.org/web/20201027145640/https://economictimes.indiatimes.com/news/international/junk-bond-king-milken-is-back-plans-to-raise-1bn/articleshow/1785643.cms|url-status=live}}</ref>

He invested in [[Stride, Inc.|K12 Inc.]], a publicly traded [[education management organization]] (EMO) that provides online schooling, including to [[charter school]] students, for whom services are paid by tax dollars,<ref name="saul">{{cite news|author=Stephanie Saul|author-link=Stephanie Saul|title=Profits and Questions at Online Charter Schools|url=https://www.nytimes.com/2011/12/13/education/online-schools-score-better-on-wall-street-than-in-classrooms.html|newspaper=The New York Times|date=December 12, 2011|access-date=July 17, 2012|archive-date=June 19, 2012|archive-url=https://web.archive.org/web/20120619230246/http://www.nytimes.com/2011/12/13/education/online-schools-score-better-on-wall-street-than-in-classrooms.html|url-status=live}}</ref> which is the largest EMO in terms of enrollment.<ref>{{Cite web |url=http://nepc.colorado.edu/files/EMO-profiles-10-11_0.pdf |title=Archived copy |access-date=July 17, 2012 |archive-date=April 19, 2012 |archive-url=https://web.archive.org/web/20120419062742/http://nepc.colorado.edu/files/EMO-profiles-10-11_0.pdf |url-status=live }}</ref>