McGraw-Hill Education
Digital access to McGraw-Hill core curriculum — now owned by one of the world's largest firms
Owned by: McGraw-Hill Education / Apollo Global ManagementFirm
McGraw-Hill Education is a 135-year-old curriculum publisher that went private under Apollo Global Management, one of the world's largest alternative investment firms, managing over $650 billion in assets. McGraw-Hill provides core curriculum in ELA, math, science, and social studies to LMSD middle schoolers via digital platforms. Apollo Global is known primarily for private credit, real estate, and insurance — its ownership of a K–12 publisher reflects the financial attractiveness of the $12 billion U.S. K–12 curriculum market and the data it generates.
The Full Picture
The Good
- Established curriculum content reviewed by educators over decades — genuine academic rigor
- Digital platforms provide at-home access to textbook content
- Broad subject coverage — McGraw-Hill offers math, ELA, science, and social studies curricula
- Teacher planning tools and standards alignment built in
- Some McGraw-Hill digital products include accessibility features (text-to-speech, language support)
The Bad
- Apollo Global Management is the world's third-largest alternative investment firm — its ownership of a K–12 publisher is a financial bet, not an educational mission
- Digital curriculum licensing means perpetual subscription costs — no longer possible to own a textbook
- Every lesson page view, quiz response, and time-on-task metric is collected for each student
- The shift from physical to digital curriculum was driven by firm investors seeking recurring revenue, not by evidence that digital delivery improves learning
- Digital textbooks cannot be highlighted with a pencil, dog-eared, or read comfortably without screen exposure
The Worse
- Apollo Global Management's investment in McGraw-Hill is predicated on the recurring revenue value of mandatory curriculum adoption — school districts have almost no leverage once they adopt a platform mid-curriculum cycle
- McGraw-Hill previously attempted a merger with Cengage (another firm-owned curriculum publisher) that was blocked by the DOJ on antitrust grounds — consolidation in curriculum publishing reduces competition and raises prices
- A firm's 5–7 year hold timeline means McGraw-Hill could be sold, merged, or taken public while LMSD is mid-curriculum — creating disruption for students and teachers
- Apollo-owned companies have faced criticism for cost-cutting that reduces product quality — curriculum editorial staff have been reduced under firm ownership
Privacy Deep-Dive
Firm Ownership
Apollo Global Management — $650B+ AUM; primary businesses in credit, real estate, and insurance
Data Collected
Student login, page views, assignment submissions, quiz scores, time on task — per lesson, per session
FERPA
McGraw-Hill acts as school official; DPA required; student data not sold
License Model
Annual digital license — content access expires at contract end
Merger History
DOJ blocked McGraw-Hill/Cengage merger in 2020 — monopoly risk in curriculum publishing is real
Data Retention
Student academic records retained per district contract; district must request deletion
What It Replaces in the Classroom
Questions for the District
Sources
- Apollo Global Management portfolio — apollo.com
- McGraw-Hill Privacy Policy — mheducation.com/privacy
- DOJ blocks McGraw-Hill/Cengage merger (2020) — U.S. Department of Justice press release
- LMSD COPPA Vendor List — lmsd.org
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