Hillary’s emails reveal lucrative ties to for-profit colleges
By ANA KASPARIAN
Student loan debt continues to be one of the largest economic issues plaguing the U.S., with the total amount topping $1.3 trillion. Hillary Clinton’s higher education policy touts debt-free degrees for underprivileged students. But is she being genuine in her efforts to address the issue?
While Hillary loves to rail against shady for-profit colleges on the campaign trail, she does have some financial ties to them that are likely to shape whether or not she holds them accountable for ripping students off.
It was recently revealed through Hillary’s emails that during her first year as Secretary of State she insisted that Laureate Education be included in the guest list for an education policy dinner hosted at the U.S. Department of State.
“It’s a for-profit model that should be represented,” she wrote in the August 2009 email, and as a result, a senior vice president at Laureate was added to the guest list. Several months later, former President Bill Clinton became an honorary chancellor of Laureate International Universities, which turned out to be incredibly lucrative. He was paid a cool $16.5 million between 2010 and 2014 for his role with the for-profit college.
Why is this such a big deal?
For-profit colleges have been investigated and shut down in recent years for breaking various state and federal laws. Federal investigations discovered that for-profits have been using deceptive recruiting techniques by inflating job placement numbers while targeting underprivileged youth and veterans. Potential students are encouraged to take out massive amounts of federal student loan debt with the promise of a great post-graduation job, which many never get.
This all leads to a pretty high price tag for American taxpayers.