2016 Postmortem
Related: About this forumOne Example of How Corrupt the System has become...With Democratic Assistance
Auction 2012: For-Profit Colleges Win When Lobbying Blitz Weakens Regs
http://www.huffingtonpost.com/2012/02/03/auction-2012-education-for-profit-colleges_n_1251072.html
Beginning in 2010, the administration announced a broad package of new regulations that would crack down on programs that leave students with outsized debt and few career prospects. But a year later, those rules had been substantially weakened, following a $13 million lobbying blitz by the colleges aided by some of Washingtons most powerful Democratic influence peddlers.
Big money won, and students lost, said Amy Wilkins, vice president of government affairs at the Education Trust, a student advocacy group. The really eye-popping profits of the industry allowed them to plow huge money into lobbying against a strong regulation.
The well-coordinated lobbying and public relations campaign, targeted largely at Democrats, was an effort to protect the industrys access to more than $30 billion in federal student loans and grants that fuel the vast majority of its revenues. Some of the largest higher education corporations receive more than 85 percent of their revenue from federal student aid dollars.
Among the all-star cast of lobbyists hired by the industry: former Democratic House Majority Leader Dick Gephardt; Tony Podesta, one of the most prominent lobbyists in Washington and the brother of John Podesta, who led President Barack Obamas transition team; and Penny Lee, a former top adviser to Senate Majority Leader Harry Reid (D-Nev.) who was also a senior staff member for the Democratic National Committee. In total, 14 former members of Congress were hired by the industry to fight regulations that would have cut federal aid to programs in which students fared poorly.
During a hearing on for-profit colleges last year, Sen. Tom Harkin (D-Iowa), chairman of the Senate education committee, called the lobbying effort one of the most intense Ive seen in my 32 years here, which tells me that theres a lot of money at stake.
Skwmom
(12,685 posts)I don't know anything about the site but it references Bloomburg. Note: Bill got over $16 MILLION in consulting fees from Laureate over a 4 year period. This is another example of one of the many "mere coincidences."
The George Soros group Laureate Education, the countrys largest for-profit education company had Bill Clinton serving as honorary chancellor since 2010 But as soon as the book Clinton Cash came out, Bill quickly resigned from the school.
But during that time, Laureate was part of her Global Partnership and received more than $55 million in grants from the State Department.
According to a Bloomberg analysis of the Clinton Cash revelation: In 2009, the year before Bill Clinton joined Laureate, the nonprofit received 11 grants worth $9 million from the State Department or the affiliated USAID. In 2010, the group received 14 grants worth $15.1 million. In 2011, 13 grants added up to $14.6 million. The following year, those numbers jumped: IYF received 21 grants worth $25.5 million, including a direct grant from the State Department.
As the leader of the embattled for-profit college industry, Laureate has come under fire and been investigated for its practices in monetizing education, reports the Washington Post. Still, Clinton proudly championed the group that paid him over $16 million and allowed his image to be plastered all over Laureates $200 million annual marketing materials, even as Hillary Clinton pumped tens of millions of U.S. taxpayer dollars to Laureates sister group.
http://downtrend.com/robertgehl/quid-pro-quo-how-george-soros-invested-16-million-in-bill-clinton-to-get-55-million-from-hillarys-state-department
Armstead
(47,803 posts)2cannan
(344 posts)snip
Laureate Education, a for-profit chain with a global reach, paid Bill Clinton $16.5 million between 2010 and 2014, Bloomberg reported last week. Clinton had served as an honorary chancellor for Laureate International Universities, a subsidiary of the privately held company, which is among the world's largest higher education providers.
He stepped down earlier this year, after his wife, Hillary, officially launched her campaign for the Democratic presidential nomination. Laureate had not disclosed how much it paid the Clintons. But Hillary Clinton's campaign released the couple's tax returns on Friday, Bloomberg reported.
From:
Laureate Paid Bill Clinton $16.5 Million
https://www.insidehighered.com/quicktakes/2015/08/03/laureate-paid-bill-clinton-165-million
Armstead
(47,803 posts)To hell with those kids. Put 'em in the workhouse