Laureate International Universities, based in Baltimore, MD, paid Bill Clinton $16.5 million to serve as its “honorary chancellor” from April 2010 to April 2015. According to Clinton’s tax records, Laureate also donated between $1 million and $5 million to the Clinton Foundation.
Hillary, of course, is now vowing to come down hard on for-profit colleges. But as the WSJ points out:
Laureate operates more than 80 colleges worldwide—most in developing countries—and five are located in the U.S. This allows investors to skirt the White House’s “gainful employment” regulation because schools that don’t draw federal aid don’t have to disclose their students’ median debt and job placement rates.
It was probably no coincidence that Mr. Clinton dropped off Laureate’s payroll when his wife began running for President.
Yet for years Bill and Hillary tapped Laureate without embarrassment as a source of income and foundation donations. Someone should ask Mrs. Clinton why her husband lent their name to a for-profit school that does so poorly on the Obama Administration’s scorecard.
Read more from the WSJ here.