Home > Uncategorized > Presidential Candidates Both Entangled with For-Profit Colleges with Questionable Track Records

Presidential Candidates Both Entangled with For-Profit Colleges with Questionable Track Records

Much has been written over the past several months about Trump University’s horrible track record and until earlier this week I was surprised that Hillary Clinton didn’t make his oversight of his eponymous college more of a campaign issue… But then I read an article on Facebook earlier this week and one today in the NYDaily News on Bill Clinton’s service as “honorary chancellor” of Laureate University and it became clear why Ms. Clinton has steered clear of specific criticism of her opponent. Why? Well… it seems that as “honorary chancellor” Mr. Clinton was paid over $17,000,000 over a five year period that ended just before Ms. Clinton declared her run for President, Doug Becker, the founder of Laureate contributed $5,000,000 to the Clinton Foundation, and as Secretary of State Ms. Clinton made certain Mr. Becker was invited to dinners where he presumably could come in contact with people seeking college education for its citizenry. As for Laureate itself,

…one of Laureate’s largest schools in the U.S., Walden University, was found to have burdened students with the second-highest debt load of any American school, according to a 2015 study by the Brookings Institution.

Three of the five schools the company runs in the U.S. have been under what the federal Education Department calls “heightened cash monitoring” due to questions over its finances, CNN reported this week.

So while Ms. Clinton promises to “…“crack down” on for-profit schools operating in “lawbreaking” ways” her husband and the Clinton Foundation was willing to accept millions from a college whose finances were under review by the Education Department. All of this makes Ms. Clinton’s pledge to avoid privatization of public education seem hollow and any specific criticism of Mr. Trump’s “University” difficult to level. To quote Paul Simon: “Any way you look at it you lose”.

 

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