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Hillary Blasts For Profit Colleges But Bill Took Millions From One

Business  (tags: Bill Clinton, Hillary Clinton, For Profit College, Walden University, Laureate, millions of dollars )

- 865 days ago -
According to tax returns released by the Clinton campaign, the Clintons earned a total $22 million from for-profit education companies. He quit that role 12 days before Hillary Clinton announced her run for president.


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Sheryl G (359)
Thursday September 8, 2016, 1:40 pm
Over five years, former president Bill Clinton earned $17.6 million from the world's largest for-profit education company, Laureate Education, Inc. In his role as "honorary chancellor," Clinton has traveled the world on Laureate's behalf, extolling the virtues of the school.

And some two dozen former and current students at Laureate's flagship school in the U.S. — an online, for-profit school called Walden University — told NBC News they feel victimized by the kind of practices Clinton has promised to fight. A 2015 study found Walden students had one of the highest debt loads of any school in the U.S.

Experts say that for-profit schools have led to skyrocketing student loan debt. Today, Americans owe about $1.2 trillion in outstanding student loan debt.

"They're disproportionately responsible for the amount of debt out there," said Dr. Kevin Kinser, head of Penn State's Department of Education and Policy Studies. "They are extremely reliant on student tuition as their sole source of revenue and at the same time extremely reliant on federal financial aid, in particular federal student loans."

The Obama Administration's efforts to curb the worst practices of the industry have resulted in new regulations and investigations of for-profit schools like ITT Tech and Corinthian College. SEE STORY ON ITT WHICH CLOSED


Sheryl G (359)
Thursday September 8, 2016, 1:49 pm
NBC News gathered five current and former graduate students at Walden. Collectively, they hold over $1.1 million in federal student debt incurred during their studies at Walden.

They told NBC News that they believe Walden recruiters misled them about the time it would take to finish their doctoral degrees - that the school said their student-loan financed degrees would take only a handful of years to complete and lead to future job opportunities.

McGrath, like other students NBC News spoke to, said that high faculty turnover rates, disorganization and a lack of oversight seemed to perpetuate her enrollment at Walden.

She completed her coursework, which she called "rigorous," in two years, with a 3.6 GPA. But it took her six years -- and four committee chairs -- to get her dissertation approved. Her first chair told her after a full year of correspondence that she was "doing the wrong study," McGrath said, and that she would also have to find a new chair.

McGrath said over the years she struggled to find new advisors and get feedback on her work. "There were times that I sent 25 to 30 emails just praying, praying that somebody would write me back," she said.

Today, McGrath is over $100,000 in debt. She has finally earned her PhD. But, she said, Walden "failed me."

A review of online boards, court filings and Better Business Bureau complaints shows similar charges. A federal lawsuit filed in Maryland in 2015 by two Walden students, which was later settled out of court, alleged that "Walden University's breach of its own rules thus unnecessarily prolongs students' efforts to obtain their degrees, and results in students extending their enrollment in their respective dissertation or thesis course and paying additional tuition."

Above taken out of the article........

Sheryl G (359)
Thursday September 8, 2016, 1:54 pm
Beall-Davis said she'd like Bill Clinton to forgive the Walden students' loans.

"He can do that. Because see, I don't think he'd want to be representative of something that is basically unfair or unethical. He can't give us back our years, but he can give us back our dignity."

Today the students say they are stuck with debts they can never hope to pay off in their lifetime.

It would appear that not only Trump used "for profit higher education" to hurt the citizens of the USA but it appears the Elites in general don't seem to care how they make their money.

BOTH these Candidates have scammed the public - BOTH Trump and Hillary are disingenuous and that is why I will NEVER vote for either one of them.

Voting for Dr. Jill Stein of the Green Party - The People's Party.

Lois Jordan (63)
Thursday September 8, 2016, 4:04 pm
Noted. Thanks, Dandelion.
Well, it would certainly be smart of him to forgive those loans.
Nothing like speaking out of both sides of your mouth. (Anything for another buck).
My son got snagged by one of those 'for-profit' colleges that promised him a degree and had him fill out and sign all the forms. Unfortunately, he didn't discuss it with me prior to doing so, or I would've recommended strongly against it.
Then, after attending some classes he got sick and never finished, but still owes a ton of money. The classes themselves were not even college-equivalent.
There were many, many people, (including veterans) who got 'taken for a ride' by these colleges.

Public colleges and universities should be tuition-free, as they are in many, many other First World countries. This is a no-brainer.

Darren Woolsey (218)
Thursday September 8, 2016, 11:09 pm
Bill & Hillary "For Profit" Clinton. . .

Just think, if Americans vote in Hillary Clinton, they get Bill back. . .

Arild Gone for now (174)
Friday September 9, 2016, 4:06 am
Vote for Killary and you get two profiteers for the price of one.

Arild Gone for now (174)
Friday September 9, 2016, 4:09 am
Nyack Clancy commented: "Why should women start receiving independence now?"

Looks like she is chained on a string between the kitchen and the bedroom.

Liv B (0)
Friday September 9, 2016, 5:57 am
It's not just Bill. While some of the universities will not disclose the fees Hillary Clinton has charged, the Post reports she collected a $300,000 fee for a speech at UCLA in and a $251,250 fee from the University of Connecticut (UConn). A recent Washington Post article noted that Clinton has earned over a million dollars giving speeches at universities at a time when college campuses are hurting for money and increasing student tuition fees. I did not think that state universities were “for profit”, but based on the outrageous costs at UConn and other universities, money is being made….and in my humble opinion wasted on speeches by famous people who definitely don't need the money.

Sheryl G (359)
Friday September 9, 2016, 10:57 am
Liv " I did not think that state universities were “for profit”, but based on the outrageous costs at UConn and other universities, money is being made….and in my humble opinion wasted on speeches by famous people who definitely don't need the money."

I certainly agree with that Liv - these Elites have made out in many ways on the backs of those who can ill afford to pay them those high salaries to speak at their Universities. Give an education the rich don't need to be there giving speeches and running up the bills.

Instructors and teachers I never mind paying for their expertise - speakers that come in and take huge fees to speak for an hour - that I mind.

Is what I think of all the time Darren, for joy for joy a double Clinton whammy.

Darren Woolsey (218)
Saturday September 10, 2016, 5:49 am
The animal right's activists here are sure going to be busy signing and sharing more petitions, because Animal Welfare isn't on the Clinton's agenda. Making profit is.

Sheryl G (359)
Saturday September 10, 2016, 12:29 pm
Not unless the Clintons can find a way to make a lot of money off of it.

Lenore K (0)
Saturday September 10, 2016, 2:28 pm

Birgit W (160)
Sunday September 11, 2016, 3:24 pm
Students suffer and don't know how to pay their bills while the Clinton's live life to the fullest with their Illuminati friends. Shameful!

Walter F (129)
Sunday September 11, 2016, 5:42 pm
Noted ..I can't wait to see who wins your presidency and what follows.

Mandi T (366)
Sunday September 11, 2016, 9:59 pm

Raleighaway k (355)
Sunday September 11, 2016, 10:28 pm

Shirley S (187)
Sunday September 11, 2016, 10:45 pm

Anne P (174)
Monday September 12, 2016, 5:28 am
Hillary's hypocrisy is breathtaking. Was there ever a more corrupt entity than the Clinton Machine?

Gina Caracci (219)
Saturday December 10, 2016, 4:52 pm
just like how she said no more profit prisons when BIll is the one who started them
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