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Hillary University: Bill Bagged $16.5M from For-Profit College as Hillary SD Funneled $55M Back

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posted on Jun, 7 2016 @ 03:01 PM
More trouble for Bill & Hillary U.:
--Illegal student loans to non-citizens
--DOE investigation
--Class Action Suit

Laureate gave Bill Clinton $16.5 million, also gave student loans to non-citizens

Walden University is an affiliate of for-profit Laureate Education, and it has a history of problems. An audit by the Department of Education (DOE) shows that online Walden University gave over $300,000 in student loans to non-citizens (which is against the law) from 2005 to 2008.

More recently, Walden ran afoul of the handling of student loan funds for students who had withdrawn, and the DOE is now taking a closer look at Walden. Any adverse decisions by the DOE against Walden could seriously damage Walden’s funding model of relying heavily on student loans for revenue. Overall, Laureate’s U.S. institutions received $461 million in student loan revenue in calendar year 2014.

Walden University is also subject to a class action lawsuit according to SEC filings:
In January 2015, two students filed suit against us [Laureate] and Walden University, seeking class action status and alleging claims for breach of contract and unjust enrichment and violations of the Maryland and Illinois consumer protection laws and California unfair competition law related to the students' doctoral dissertation and master's thesis processes.

I don’t recall seeing any MSM outrage over this lawsuit.

Walden offers a masters degree in science education, and a review by the Education Department concludes that it does not measure up:

The program, while a noble attempt at a completely online Master's degree, falls short in the scientific and academic rigor one would expect at the Master's level.

This lack of rigor will likely be part of the lawsuit.

posted on Jun, 7 2016 @ 03:15 PM
a reply to: IAMTAT

This needs to go viral !!!

It's that big.

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