The Clintons Made Millions From For-Profit College
The school faced serious legal scrutiny and criminal investigations.
Breitbart reports.
Hillary University: Bill Clinton Bagged $16.46 Million from For-Profit College as State Dept. Funneled $55 Million Back
In April 2015, Bill Clinton was forced to abruptly resign from his lucrative perch as honorary chancellor of Laureate Education, a for-profit college company. The reason for Clinton’s immediate departure: Clinton Cash revealed, and Bloomberg confirmed, that Laureate funneled Bill Clinton $16.46 million over five years while Hillary Clinton’s State Dept. pumped at least $55 million to a group run by Laureate’s founder and chairman, Douglas Becker, a man with strong ties to the Clinton Global Initiative. Laureate has donated between $1 million and $5 million (donations are reported in ranges, not exact amounts) to the Clinton Foundation. Progressive billionaire George Soros is also a Laureate financial backer.
As the Washington Post reports, “Laureate has stirred controversy throughout Latin America, where it derives two-thirds of its revenue.” During Bill Clinton’s tenure as Laureate’s chancellor, the school spent over $200 million a year on aggressive telemarketing, flashy Internet banner ads, and billboards designed to lure often unprepared students from impoverished countries to enroll in its for-profit classes. The goal: get as many students, regardless of skill level, signed up and paying tuition.
Hillary University: Bill Clinton Bagged $16.46 Million from For-Profit College as State Dept. Funneled $55 Million Back (Breitbart)