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Clinton's College Hypocrisy Tour Rolls On

- August 11, 2015

Clinton Vows To "Crack Down" On For-Profit Colleges, While Forgetting Her Family Has Netted Millions From Them

TODAY IN NEW HAMPSHIRE, CLINTON CONTINUED HER HYPCORISY TOUR AGAINST FOR-PROFIT COLLEGES

Clinton On For-Profit Colleges: "I Will Crack Down On These For-Profit Colleges That Are Engaging In Fraud And Abuse …" CLINTON: "I will crack down on these for-profit colleges that are engaging in fraud and abuse of our veterans and look for ways to hold them accountable for everybody else." (Hillary Clinton, Remarks At River Valley Community College, Claremont, NH, 8/11/15)

CLINTON HAS FILLED HER PERSONAL COFFERS FROM BILL CLINTON'S TENURE CHAIRING A CONTROVERSIAL AND LARGE FOR-PROFIT EDUCATION INSTITUTION

Bill Clinton Was The Honorary Chancellor Of The "Largest-For-Profit" College Company In The World

Bill Clinton Recently Stepped Down As The "Honorary Chancellor Of Laureate Universities." "Former President Bill Clinton's role at a for-profit higher education company will end Friday, just as his wife has begun questioning some of the industry's practices from the campaign trail. Since 2010, Clinton has been honorary chancellor of Laureate International Universities, part of Laureate Education Inc. the world's largest chain of for-profit colleges. His departure has nothing to do with the campaign, the company and the former president's office said, telling Bloomberg that he had agreed to a five-year term in the position." (Jennifer Epstein, "Bill Clinton Leaves For-Profit College Position." Bloomberg, 4/24/15)

  • From 2010-2014 WJC, LLC Received $16,467,225 In Payments From Laureate Education, Inc. For Work Done As Honorary Chancellor Of Laureate International Universities. (Press Release, "Hillary Clinton Releases Health, Financial Records," Hillary For America, 7/31/15)

Clinton Shares Direct Ties To Laureate Universities

Laureate's CEO Has Contributed Thousands To Clinton's Campaigns And The Company Was A "Founding" Donor To The 100,000 Strong Foundation - A Group Launched By The State Department While She Was Secretary Of State. "Laureate CEO Douglas Becker gave $4,600 to her 2008 presidential campaign and $2,000 to her 2000 Senate campaign. The company was also one of the founding donors to the 100,000 Strong Foundation, a nonprofit dedicated to expanding Mandarin language study in the United States that Hillary Clinton launched just before leaving the State Department in 2013." (Jennifer Epstein, "Bill Clinton Leaves For-Profit College Position." Bloomberg, 4/24/15)

  • Clinton Also Attended A "Laureate Investor KKR's Annual Meeting In Southern California." "Later that year, she attended Laureate investor KKR's annual meeting in southern California and faced questions from firm founder Henry Kravis." (Jennifer Epstein, "Bill Clinton Leaves For-Profit College Position." Bloomberg, 4/24/15)

THE BAD ACTORS OF THE FOR-PROFIT COLLEGE INDUSTRY HAVE DONATED TO THE CLINTON FOUNDATION

Laureate Has Contributed Millions To The Clinton Foundation

Laureate Has Contributed Between $1 To $5 Million To The Clinton Foundation And Has "Made Five Commitments Through The Clinton Global Initiative." "The university system - part of Laureate Education Inc., which according to Bloomberg is the world's largest for-profit college chain - has been a seven-figure donor to the Clinton Foundation, giving between $1 million and $5 million, according to the foundation's website. Laureate has also made five commitments through the Clinton Global Initiative." (Maggie Haberman, "Bill Clinton Ends Role With Chain Of For-Profit Colleges," The New York Times , 4/24/15)

Some Of Laureate's Colleges "Have Drawn Criticism From Teachers, Students And Government Officials." "That growth may come at a cost. While some of Laureate's colleges rank high in private surveys, including Universidad Andres Bello in Santiago and Les Roches International School of Hotel Management in Bluche, Switzerland, others have drawn criticism from teachers, students and government officials." (Mina Kimes and Michael Smith, "Clinton Pitches KKR-Backed College Chain Amid Controversy," Bloomberg, 1/6/14)

  • Critics Say Laureate Increases Revenue By Driving Up Enrollment "Often Without A Parallel Increase In Academic Investment." "They say Laureate boosts revenue at struggling colleges by turbocharging enrollment, often without a parallel increase in academic investment." (Mina Kimes and Michael Smith, "Clinton Pitches KKR-Backed College Chain Amid Controversy," Bloomberg , 1/6/14)

Moody's Investment Services Recently Downgraded Laureate Education, Inc's Credit Rating. "Moody's Investors Service downgraded the Corporate Family Rating for Laureate Education, Inc. ('Laureate') to B3 from B2 and its Probability of Default Rating to B3-PD from B2-PD." ( Moody's Investors Service, "Moody's Downgrades Laureate Education's CFR To B3 From B2," 7/1/15)

  • This Rating Downgrade Is Reflective Of Laureate's "Aggressive Debt-Financed Growth." "The downgrade reflects implementation of Laureate's aggressive debt-financed growth plans that have increased the company's leverage to levels no longer supportive of a B2 rating, while weakening the company's liquidity profile due to increased reliance on its revolving credit facility." ( Moody's Investors Service, "Moody's Downgrades Laureate Education's CFR To B3 From B2," 7/1/15)

Clinton Foundation Donor Brown Mackie College Has Been Sued By The Department Of Justice Over Recruiting Practices

Brown Mackie College Has Donated Between $5,000 And $10,000 To The Clinton Foundation. (Clinton Foundation Donors, Accessed 8/11/15)

  • EDMC Operates Brown Mackie College. "Education Management, which is based in Pittsburgh and is 41 percent owned by Goldman Sachs, enrolls about 150,000 students in 105 schools operating under four names: Art Institute, Argosy University, Brown Mackie College and South University." (Tamar Lewin, "For-Profit College Group Sued As U.S. Lays Out Wide Fraud," The New York Times, 8/8/11)

In August 2011, "The Department Of Justice And Four States Filed A Multibillion-Dollar Fraud Lawsuit Against Education Management Corporation" (EDMC). "The Department of Justice and four states on Monday filed a multibillion-dollar fraud suit against the Education Management Corporation, the nation's second-largest for-profit college company, charging that it was not eligible for the $11 billion in state and federal financial aid it had received from July 2003 through June 2011." (Tamar Lewin, "For-Profit College Group Sued As U.S. Lays Out Wide Fraud," The New York Times, 8/8/11)

"The Suit Said That Each Year, Education Management Falsely Certified That It Was Complying With The Law, Making It Eligible To Receive Student Financial Aid." "The Department of Justice and four states on Monday filed a multibillion-dollar fraud suit against the Education Management Corporation, the nation's second-largest for-profit college company, charging that it was not eligible for the $11 billion in state and federal financial aid it had received from July 2003 through June 2011. While the civil lawsuit is one of many raising similar charges against the expanding for-profit college industry, the case is the first in which the government intervened to back whistle-blowers' claims that a company consistently violated federal law by paying recruiters based on how many students it enrolled. The suit said that each year, Education Management falsely certified that it was complying with the law, making it eligible to receive student financial aid." (Tamar Lewin, "For-Profit College Group Sued As U.S. Lays Out Wide Fraud," The New York Times, 8/8/11)

The Apollo Group, Inc., Has Collected Over A Billion Dollars From The G.I. Bill While Graduating A Low Number Of Students

The Apollo Group, Inc. Has Donated Between $50,000 And $100,000 To The Clinton Foundation. (Clinton Foundation Donors, Accessed 8/11/15)

  • The Apollo Education Group Manages The University Of Phoenix System. ("University Of Phoenix," Apollo Education Group, Accessed 6/12/15)

The University Of Phoenix "Took In Nearly A Billion Dollars From The G.I. Bill Over The Last Five Years." "In California alone, the Center for Investigative Reporting found nearly 300 schools banned from receiving state financial aid that still got G.I. Bill money, even schools with no academic accreditation at all, beauty schools, auto repair programs, and dog training academies, together, more than $600 million. The biggest beneficiary is the for-profit University of Phoenix, which fails to graduate most of its students, according to the U.S. Department of Education. Nationally, it took in nearly a billion dollars from the G.I. Bill over the last five years." (PBS' " Newshour," 7/7/14)

  • "The University Of Phoenix's San Diego Campus Received More G.I. Bill Money Than The Entire 10-Campus U.C. System." "It took Pace three years to graduate. By then, he had exhausted his entire education benefit. Pace attended this University of Phoenix campus in San Diego. It has received more G.I. Bill money than any brick-and-mortar campus in America, $95 million over the last five years. That's almost seven times what the University of California, San Diego, got. In fact, the Center for Investigative Reporting found, the University of Phoenix's San Diego campus received more G.I. Bill money than the entire 10-campus U.C. System." (PBS' " Newshour," 7/7/14)

The University Of Phoenix Graduation Rate Was Only Sixteen Percent For First-Time Undergraduates. "The university has an overall graduation rate - meaning first-time undergraduates who get a degree in six years - of about 16 percent, though the graduation rate for online programs is a quarter of that." (Valerie Strauss, "Largest For-Profit U.S. University Expects To Be Put On Probation By Accreditor," The Washington Post , 2/26/13)

Kaplan, Inc. Has Made Recruiting Vulnerable Students A Top Priority

Kaplan, Inc. Has Donated Between $5,000 And $10,000 To The Clinton Foundation. (Clinton Foundation Donors, Accessed 8/11/15)

According To Current And Former Kaplan Employees And Students, The Company's Business Plan Predicated On "Recruiting Students Whose Chances Of Succeeding Were Low." "But many current and former Kaplan employees and students - including those, like Mr. Wratten, not involved in the lawsuits - said in interviews that they believed the company was concerned most with getting students' financial aid, and that Kaplan's fast-growing revenues were based on recruiting students whose chances of succeeding were low." (Tamar Lewin, "Scrutiny Takes Toll On For-Profit College Company," The New York Times, 11/9/10)

"African-American Women Raising Two Children By Themselves" Were Among Kaplan's Primary Targets Because Of The Likelihood "Were Considered Most Likely To Drop Out Before Completing The Program, Leaving Kaplan With Aid Money And No Need To Provide More Services." "Carlos Urquilla-Diaz, a former Kaplan instructor and administrator who is one of the Miami whistle-blowers, recalled a PowerPoint presentation showing African-American women who were raising two children by themselves as the company's primary target. Such women, Mr. Urquilla-Diaz said, were considered most likely to drop out before completing the program, leaving Kaplan with the aid money and no need to provide more services. 'The idea was, we'll take anybody, and I mean anybody,' he said." (Tamar Lewin, "Scrutiny Takes Toll On For-Profit College Company," The New York Times, 11/9/10)

  • Kaplan Recruiters Were Taught To Look For People With Low Self-Esteem, Reliant On Public Assistance, Recently Unemployed, Or Physically Or Mentally Abused, To Be Potential Students. "They cite, for example, a training manual used by recruiters in Pittsburgh whose 'profile' of Kaplan students listed markers like low self-esteem, reliance on public assistance, being fired, laid off, incarcerated, or physically or mentally abused." (Tamar Lewin, "Scrutiny Takes Toll On For-Profit College Company," The New York Times, 11/9/10)

 


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