The Clinton For-Profit College Standard
ITT’s biggest mistake was not putting Bill Clinton on the payroll.
Sept. 6, 2016
ITT Technical Institute folded on cue Tuesday after the Obama Administration issued a regulatory death warrant last month. ITT investors must be wishing they had ponied up for political protection like Laureate International Universities, the for-profit college that paid Bill Clinton $17.6 million to serve as its “honorary chancellor.”
ITT’s decision to close all of its 130 some campuses—stranding 40,000 students and 8,000 employees—comes after the Education Department barred new enrollees from tapping federal aid, delayed loan reimbursements and raised its collateral by $153 million. ITT had a mere $78 million on hand at the end of June and no way of meeting the Administration’s cash demand. Continue reading
Publicado a 16/08/2016
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Hillary Clinton’s tax returns are raising questions about the Clintons’ connections to for-profit education companies. Bill Clinton received $1.6 million from GEMS Education and Laureate Education. Hillary frequently rails against for-profit colleges, like the ones run by GEMS and Laureate
The for-profit education company targeting the whole world
Gary Gately, special to CNBC.com
Tuesday, 15 Dec 2015 | 12:01 PM ETCNBC.com
With the reputation of U.S. for-profit colleges in tatters, one company has found a convenient way to circumvent regulation in this country: by operating primarily in overseas markets.
Baltimore-based Laureate Education, the world’s largest for-profit higher-education company by enrollment (with about 1 million students now enrolled worldwide), operates in a sector plagued by government scrutiny in the U.S. and in which one major for-profit education company, Corinthian Colleges, declared bankruptcy earlier this year.
But Laureate gets 84 percent of its revenue from outside this country, most of it from Latin America. There, nations lack the infrastructure of established universities that the U.S. has, and their development means a steady demand for educated workers and training, the company argues in its IPO paperwork. (It filed for an IPO in October, but IPO watchdogs don’t expect the deal to occur until next year.) Continue reading
Presidente Bill Clinton na Universidade Europeia
Presidente Bill Clinton presente na Universidade Europeia
Para uma plateia de mais de 500 participantes, o antigo Presidente falou sobre a actual situação económica mundial e reforçou a importância da frequência universitária para fazer face ao desemprego
No dia 29 de Maio de 2014, a Universidade Europeia teve a honra de receber o antigo Presidente dos EUA e Chanceler Honorário da Laureate International Universities, Bill Clinton, numa conferência subordinada ao tema da actual situação económica mundial. Continue reading
Hillary and Bill Clinton: The for-profit partnership
They have made $22m from the education industry since 2010 but such connections may blight her White House bid
by: Gary Silverman July 21, 2016
In 2010, Bill Clinton made a deal that drew him closer to some of the most high-powered investors in the world, including the private equity firm Kohlberg Kravis Roberts, Citigroup, hedge fund managers Steven Cohen and George Soros and Microsoft co-founder Paul Allen.
Sample the FT’s top stories for a week
Under the arrangement, the former US president would serve for five years as honorary chancellor of Laureate International Universities, a global network of for-profit institutions of higher education that had been taken private in 2007 in a $3.8bn leveraged buyout by its founder Douglas Becker and the KKR-led consortium. Continue reading
America’s Biggest Losers: The Right’s Commentariat
By Clarice Feldman June 5, 2016
It’s looking to be a long hot summer, full of violence against Trump supporters, exposure of Clinton wrongdoing, and continued loathsome behavior by the president, academics, and the media. To its shame, at this crucial juncture many of the once-respected members of the right’s commentariat are failing their readers and proving to be America’s biggest losers.
Space constraints prevent me from detailing all the wrongdoing of Hillary Clinton and her aides and allies, but here are just some turned up this week. Continue reading
Trump U Is Nothing Compared To Laureate Education
Hillary Clinton is excoriating Donald Trump over Trump University? The Clinton scandal at Laureate Education, a for- profit education chain of schools and colleges operating world-wide, including the United States is much worse. That New York Attorney General Eric Schneiderman is pursuing Trump University while ignoring CGI-University, a shady joint venture of Laureate and the Clinton Global Initiative adds insult to injury. Continue reading
Bill Clinton got $17.6M from big for-profit university while Hillary Clinton vowed ‘crackdown’ on their ‘abusive practices’
BY ADAM EDELMAN NEW YORK DAILY NEWS
Updated: Thursday, August 25, 2016, 12:18 AM
Bill Clinton accepted nearly $18 million in payments from a prominent for-profit education company, despite the fact that his wife, Democratic presidential nominee Hillary Clinton, has made criticism of such firms a cornerstone of her education policy proposals, a new report alleges.
As Hillary Slams Trump University, Right Wingers Go After Bill for Making Millions From For-Profit Laureate Universities
A clear and clean line of attack gets muddied.
By Steven Rosenfeld / AlterNet
June 3, 2016
Hillary Clinton’s campaign has ramped up its attacks this week on Donald Trump, citing how Trump University preyed on students and left many in debt. Now, right-wing websites are citing the Clinton’s 2014 tax returns showing the ex-president made $16.5 million from Laureate International Universities, which has been criticized for overpromising to students. Continue reading