NBC News pointed out yesterday how hypocritical Hillary Clinton has been on the issue of for-profit education. Since launching her campaign she has become a vocal critic of the schools:
Hillary Clinton has been a vocal critic of for-profit schools, pledging in speeches across the country to “crack down on predatory schools” and help students drowning in student loan debt.
“If they load students up with debt for programs that don’t lead to good paying jobs, students and taxpayers should not be the only ones left holding the bag,” said Clinton in a campaign speech in New Hampshire.
Meanwhile, Bill Clinton has been raking in cash from his association with a major for-profit education company:
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…
A 2015 study found Walden students [Laureate’s flagship school] had compiled the second-highest debt load of any school in the U.S.
The story goes on to point out that Bill stepped down from his lucrative position with Laureate Education exactly 12 days before Hillary announced her run for the White House.
Some, but not all, of the Walden/Laureate students described in the story feel they were put on a debt treadmill to get their degrees:
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.”
Laureate looks more legitimate to me than Trump University but there’s no question there are lots of people out there who racked up loads of debt in these programs and that Bill Clinton was profiting from them doing so. So it’s a more than a little hypocritical for Hillary to be attacking these institutions without mentioning her family has earned more from them than most average people will make in a lifetime.