Higher-Ed Hustle: For-profit Colleges Cast Shadow Over Presidential Race
Hillary Clinton’s presidential campaign spent the past week touting her new plan to make college affordable — in part by cracking down on “predatory” colleges, and forcing schools to “spend federal dollars on things that benefit students, like teaching and research, not marketing campaigns.”
What Clinton didn’t mention: Her husband, Bill, has been paid more than $16 million as “honorary chancellor” of Laureate Education, the world’s largest for-profit college company. The firm is being sued by several online graduate students for allegedly dishonest practices, and a 2012 U.S Senate report found that more than half of Laureate’s online Walden University revenue went to marketing and profit.
Republicans quickly went on the attack. “Clinton’s College Hypocrisy Tour Rolls On” read the subject line from a Republican National Committee e-mail to reporters.