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For-profit colleges cast shadow over presidential race

By Michael Vasquez and Patricia Mazzei, Miami Herald
August 17th, 2015

Are presidential hopefuls more tied to for-profits than they should be?

for-profit-presidentialHillary 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 email to reporters.

What the RNC didn’t mention: The GOP field of 2016 presidential hopefuls is filled with candidates who have close ties to for-profit colleges. Marco Rubio listed two for-profit executives (and the industry’s former top Florida lobbyist) as “contributors” to his 2006 book, 100 Innovative Ideas for Florida’s Future. Jeb Bush gave a keynote speech at the for-profit industry’s Washington trade association last year, for which he was paid $51,000.

(Next page: How presidential hopefuls are linked to for-profit colleges)


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