Tags: Trump Administration | Democrats 2016 | Education | Hillary Clinton | hillary clinton | bill clinton | for-profit schools

Report: Hillary Slams For-Profit Schools While Bill Earned $17.6M From Them

Image: Report: Hillary Slams For-Profit Schools While Bill Earned $17.6M From Them
(Rex Features via AP Images)

By    |   Tuesday, 23 Aug 2016 07:22 PM

Former President Bill Clinton has received $17.6 million from the world's largest for-profit school despite attacks on such institutions by Hillary Clinton during the campaign and her slams of Trump University.

Bill Clinton received the funds over five years from Laureate Education Inc. in his service as "honorary chancellor," NBC News reports.

He also has "traveled the world on Laureate's behalf, extolling the virtues of the school," according to the report.

Tax returns released by the Clinton campaign show that Bill and Hillary Clinton earned a total $22 million from for-profit education companies — with most of that coming from Laureate, NBC reports.

He served in the position from 2010 to 2015. The former president stepped down 12 days before Hillary Clinton announced her White House run.

A Clinton representative told NBC that the contract had expired at that time.

Laureate's revenues totaled $4.3 billion last year, according to the report, with most of it coming from its international schools.

The network has about 800,000 students in more than 70 schools in 30 countries — and the online Walden University is Laureate's top institution in the United States.

Jonathan Kaplan, Walden's president, worked as special assistant to the president for economic policy in the Clinton White House, according to NBC.

The Richard W. Riley College of Education and Leadership, a Walden institution, is named for Richard Riley. He is the former secretary of the U.S. Department of Education under Clinton and a former board member at Laureate.

Douglas Becker, Laureate's chief executive officer, has long been a Democratic donor and Clinton friend.

In addition, Laureate has donated $1 million and $5 million to the Clinton Global Initiative, NBC reports, and has partnered with the effort on several projects, including a commitment to offer scholarships for teachers around the world.

Like Trump University, about two dozen former and current Laureate students told NBC that they felt victimized by the for-profit school.

"We pursued [our degrees] because we wanted to be successful and not be put in poverty," Sondra Beall-Davis, a current Ph.D. candidate at Walden and a former corporate consultant, told NBC.

She owes more than $200,000 in loan debt from her time at Walden.

"Now, you've taken me from a successful career to poverty."

A 2015 study found that Walden students had compiled the second-highest debt load of any school in the country, NBC reports.

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Former President Bill Clinton has received $17.6 million from the world's largest for-profit school despite attacks on such institutions by Hillary Clinton during the campaign and her slams of Trump University. Bill Clinton received the funds over five years from Laureate...
hillary clinton, bill clinton, for-profit schools, trump university
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2016-22-23
Tuesday, 23 Aug 2016 07:22 PM
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