Donald Trump is currently involved in a lawsuit surrounding the now defunct “Trump University,” a for-profit school he founded. I’m personally no fan of the for-profit college industry – but Trump is hardly the only one associated with it in this presidential race.
From 2010 to 2015, former President Bill Clinton was the honorary chancellor of Laureate Education, which owns the largest chain of for-profit colleges in the world. And what does Hillary Clinton have to say about the for-profit education industry? That they “take all this money and put all these young people and their families into debt.” Well, for once Hillary and I agree.
According to World Net Daily, students are finally speaking out: A victim of Laureate Education, the Clinton-backed, for-profit college, has come forward with accusations that its Walden University Online is a scam that piles tens of thousands of dollars of debt on unsuspecting students while unreasonably delaying degrees or often failing to deliver them.
“When I signed up for Walden Education in January 2009, I was told I would get my Doctor of Education degree by December 2011, after two years study for a cost of $40,000,” explained Teresa Ferguson, a mother of three teenagers who resides outside Atlanta.
“That was OK with me. I could accept two years and $40,000, but that isn’t the way it happened,” she explained. “With Walden, I was hit with delays and program change after program change, so it took me two extra years and I ended up with $120,000 in tuition debt. I’m a schoolteacher. How am I ever going to pay off a debt like that?”$55 million to Laureate. Coincidence? Knowing the Clintons – of course not.
[Note: This post was authored by Matt Palumbo. Follow him on Twitter @MattPalumbo12]