Bill Clinton Profits from World’s Largest For-Profit University

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American Thinker:

As accusations swirl around Donald Trump for the complaints filed against Trump University, few people know about how Bill Clinton was hired in 2010 to be Chancellor for the Laureate Network, the world’s largest for-profit university network.

 

Not just Bill Clinton but other Clinton friends from the past were hired to promote the university. Investors in the vast multinational university include Henry Kravis, George Soros, Steve Cohen and Paul Allen. One of the investors in Laureate University, SAC Capital Advisors LP, is a hedge fund that had to pay a $1.2 billion dollar settlement to the US Dept. of Justice to settle allegations of insider trading.

 

Bill Clinton has personally been paid to make appearances promoting Laureate University in countries such as Malaysia, Peru and Spain. By January 2014 Laureate University had 800,000 students worldwide and its annual revenue was $4 billion, far larger than the revenues of Trump University.

 

Laureate has taken over struggling colleges by using high-pressure marketing tactics such as “turbocharging enrollment” using students as telemarketers. Laureate University was investigated by the Rio State Legislature’s Investigative Commission on Private Universities in Brazil. Robson Leite, a Rio state legislator who led the probe concluded: “They have turned education into a commodity that focuses more on profit than knowledge”