Hillary University: Bill Clinton Bagged $16.46 Million from For-Profit College as State Dept. Funneled $55 Million Back
by STEPHEN K. BANNON
2 Jun 2016
With her campaign sinking in the polls, Hillary Clinton has launched a desperate attack against Trump University to deflect attention away from her deep involvement with a controversial for-profit college that made the Clintons millions, even as the school faced serious legal scrutiny and criminal investigations.
In April 2015, Bill Clinton was forced to abruptly resign from his lucrative perch as honorary chancellor of Laureate Education, a for-profit college company. The reason for Clinton’s immediate departure: Clinton Cash revealed, and Bloomberg confirmed, that Laureate funneled Bill Clinton $16.46 million over five years while Hillary Clinton’s State Dept. pumped at least $55 million to a group run by Laureate’s founder and chairman, Douglas Becker, a man with strong ties to the Clinton Global Initiative. Laureate has donated between $1 million and $5 million (donations are reported in ranges, not exact amounts) to the Clinton Foundation. Progressive billionaire George Soros is also a Laureate financial backer.
As the Washington Post reports, “Laureate has stirred controversy throughout Latin America, where it derives two-thirds of its revenue.” During Bill Clinton’s tenure as Laureate’s chancellor, the school spent over $200 million a year on aggressive telemarketing, flashy Internet banner ads, and billboards designed to lure often unprepared students from impoverished countries to enroll in its for-profit classes. The goal: get as many students, regardless of skill level, signed up and paying tuition.
“I meet people all the time who transfer here when they flunk out elsewhere,” agronomy student Arturo Bisono, 25, told the Post. “This has become the place you go when no one else will accept you.”
Others, like Rio state legislator Robson Leite who led a probe into Bill Clinton’s embattled for-profit education scheme, say the company is all about extracting cash, not educating students. “They have turned education into a commodity that focuses more on profit than knowledge,” said Leite.
Progressives have long excoriated for-profit education companies for placing profits over quality pedagogy. Still, for five years, Bill Clinton allowed his face and name to be plastered all over Laureate’s marketing materials. As Clinton Cash reported, pictures of Bill Clinton even lined the walkways at campuses like Laureate’s Bilgi University in Istanbul, Turkey. That Laureate has campuses in Turkey is odd, given that for-profit colleges are illegal there, as well as in Mexico and Chile where Laureate also operates.
Shortly after Bill Clinton’s lucrative 2010 Laureate appointment, Hillary Clinton’s State Dept. began pumping millions of its USAID dollars to a sister nonprofit, International Youth Foundation (IYF), which is run by Laureate’s founder and chairman, Douglas Becker. Indeed, State Dept. funding skyrocketed once Bill Clinton got on the Laureate payroll, according to Bloomberg:
A Bloomberg examination of IYF’s public filings show that in 2009, the year before Bill Clinton joined Laureate, the nonprofit received 11 grants worth $9 million from the State Department or the affiliated USAID. In 2010, the group received 14 grants worth $15.1 million. In 2011, 13 grants added up to $14.6 million. The following year, those numbers jumped: IYF received 21 grants worth $25.5 million, including a direct grant from the State Department.
Throughout ten Democratic Party debates, Establishment Media have not asked Hillary Clinton a single question about she and her husband’s for-profit education scam.