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

a reply to: dawnstar

You're quoting Laureate's own website.
THAT is not biased?

a reply to: IAMTAT


how about this source?

n fact, many of Laureate's numbers are not as bad as critics imply.

At Walden, for example, the U.S. Department of Education's "College Scorecard" website says the median annual income of graduates 10 years after getting their degree is $54,900. That's higher than for the University of Texas at Austin, one of the nation's top public universities, and $100 more than graduates of Rutgers University's flagship New Brunswick campus make.

Nor does Walden spend an unusual amount on marketing or top executive salaries. Laureate spent $290.8 million, or 6.6 percent of revenue, on marketing in 2014. At Harvard, administrators spent $721 million, about 16 percent of its $4.5 billion budget for 2014-15, on "institutional support," a non-instructional category that mostly pays for fundraising. Laureate competitor Apollo spent just under 20 percent of its revenue on sales and marketing during the fiscal year ending Aug. 31.

Becker earns shy of $1 million in salary — less than what Notre Dame pays head football coach Brian Kelly, and less than a number of college presidents who have topped $1 million a year. Becker's total compensation of $2.7 million is about a third of what the University of Alabama pays Nick Saban to coach its football team.

www.cnbc.com...

a reply to: dawnstar

NBC? Get serious. Do you actually consider that not left-wing?
Liberal puff piece.

a reply to: IAMTAT
right... if it doesn't agree with what you want to believe, it's left wing
if it doesn't agree with what I want to believe, it's right wing...
so we seem to be at an impass....

a reply to: dawnstar

NBC is the National Clinton Cheerleader network. Most people realize they are extremely liberal. Liberals certainly do.

Your 'unbiased' source buries all relevant criticism of the University...at the very bottom of the piece.
However, it opens and titles with many paragraphs of positive spin and accolades for Laureate.

Example (from the end of your source):

Rebekah Hall has had more than her fill of Laureate. After three years of online study at Walden University, the 34-year-old San Diego resident is quitting, even though she owes $75,000 for loans she took out for training she said the school promised would lead to a Ph.D. in forensic psychology, a claim Hall says was oversold.

Hall said she struggled to reach faculty members and advisors she didn't regularly meet in person. When she did hear back, it was often in the form of condescending criticism or documents running hundreds of pages long, she said.

Hall said she's jobless and sleeping on a friend's couch after losing her apartment and selling her car, motorcycle and most of her other possessions.

"This school's a joke," Hall said. "The degree wouldn't even be useful if I did end up getting it. At this rate, I would not be able to graduate, due to the debt, and I have no idea what to do."

And then, an important correction (last paragraph):

Correction: One of Laureate's Chilean schools had a loss of accreditation last year. An earlier version misstated the school's situation.

a reply to: IAMTAT

They're clever aren't they.

originally posted by: IAMTAT
NBC is the National Clinton Cheerleader network. Most people realize they are extremely liberal. Liberals certainly do.

Your 'unbiased' source buries all relevant criticism of the University...at the very bottom of the piece.
However, it opens and titles with many paragraphs of positive spin and accolades for Laureate.

So what media outlets do you consider valid sources? Or do you automatically dismiss all of the MSM?

a reply to: Aazadan

Are you also suggesting NBC isn't left-leaning?
This isn't about me. Stick to the topic...or move along.

originally posted by: IAMTAT
a reply to: Aazadan

Are you also suggesting NBC isn't left-leaning?
This isn't about me. Stick to the topic...or move along.

GE owns/d NBC that owns/d MSNBC

Immelt CEO of GE.

The current administrations 'job czar'.

LEFT leaning as the Tower of Pisa.

originally posted by: IAMTAT
Are you also suggesting NBC isn't left-leaning?
This isn't about me. Stick to the topic...or move along.

They're slightly left, CNBC less so, and both are credible. I haven't seen NBC interested in actual propaganda unlike Breitbart.

So the question remains, if you don't like cnbc as a source, what sources do you approve of? You were given several and dismissed them all.

then there's this:

Laureate is focused on expanding affordable, career-creating higher education in emerging countries and often deals with governments in its work, Becker said. Having a stamp of approval from the IFC, which has "incredibly high standards" for its investments because it can only invest in companies that will help expand emerging economies, will help the company earn officials' trust, he said.

Laureate wants the countries where it operates to see its institutions as a mission-driven collective of serious educators, he said.

"They can't just see us as a business," Becker said. "We operate universities all over the world. As a result, there's a very strong social mission to what we do."

Laureate's institutions are geared toward occupational training, in fields such as education, medicine, art and design, and hospitality. Laureate has expanded primarily by acquiring existing schools.

For instance, Laureate operates the recently founded Higher Institute for Power and Water Technologies in Saudi Arabia with an industrial group. The institution was "launched by the government of Saudi Arabia to meet the increasing demand for Saudi nationals in the power and water industry," according to Laureate.

"What we're looking for is educational institutions that are relevant to the job market," Olive said. That makes working with Laureate a natural fit, he said.

articles.baltimoresun.com...

a nice local newspaper, from the city that the company is headquartered in.... personally I tend to go with the local news sources and consider them to be the least bias...

just can't see the world bank being interested in investing in something like Trump University though....

a reply to: Aazadan

Again. Not about me.
Your thread derailing technique is pretty ham-fisted...but, then, this thread isn't about you, either.
Please stay on topic...or go buh-bye. Okie-Doke?

Boy, their schnit never ends, does it?


First I've heard of this, thanks!

originally posted by: IAMTAT
Again. Not about me.
Your thread derailing technique is pretty ham-fisted...but, then, this thread isn't about you, either.
Please stay on topic...or go buh-bye. Okie-Doke?

It's not an attempt to derail at all, it's to give you a source you'll actually accept. What makes for an acceptable source? Dawnstar just gave you yet another source 2 posts up. Is that one not credible too?

a reply to: dawnstar

True...The Baltimore Sun is a local paper...and local papers depend heavily upon advertising from local businesses...but setting that aside...along with the fact that your article is 3 1/2 years old (Jan. 2013)...(Bill Clinton's massive personal $16.5M payback from the University wasn't finally revealed until 2015)...

Here is a more recent article from the Sun:

Laureate Education files IPO with $4.7 billion debt

When Baltimore-based Laureate Education filed for an initial public offering last week, it disclosed $4.7 billion in debt that has been cutting into the company's bottom line, with hundreds of millions in losses over the past several years.

The for-profit educational company was publicly traded until 2007, when its founder and a group of other investors took it private in a $3.8 billion buyout.

Since then, the company has grown its web of career-focused universities — mostly outside the United States — but some analysts said it was time for Laureate to slow down and address its significant debt.

"I would expect the company to focus on paying down debt right now," said Matt Kennedy, an analyst at Greenwich, Conn.-based Renaissance Capital, a manager of IPO-focused funds. "That's where the cash sweep is going to go."

But "even after the IPO it will be highly leveraged," he continued, "so that could be a concern for investors. You'll still see a significant portion of the company's net income being affected by interest payments."

The rapid expansion ballooned its debt from about $1.1 billion to $4.7 billion. In the first half of this year, its interest payments totaled nearly $200 million, and it posted a $171 million loss in that period on nearly $2.2 billion in revenue.It has lost money every year since 2010.

www.baltimoresun.com...

The losses can be attributed in part to the nearly $4.7 billion in debt the company carries related to its buyout and acquisitions. Last year it made almost $386 million in interest payments.
www.baltimoresun.com...

it's been busy, expanding and buying out... just like those catholic hospitals here in the states...

how many bankruptcies has trump been through again?
but thanks for the non-bias article, which is what I asked for. at this point, I think comparing this business to trump university is like comparing apples and oranges though. it seems this company is buying up existing universities, or in other ways tying into them, while allowing most of the decision making still in the hands of the universities, they might be adding to their curriculums, but they are not taking away the courses that the universities desire to offer themselves. and they do seem to be accredited.
the problems in latin america could very well be caused by the fact that they are stepping on the toes of the catholic church, who until they came along held most of the colleges and universities, which although quite affordable offered limited enrollments. I don't know, it's not that easy to come up with information prior to the recent right wing slap at them.
I'm just not that inclined to start bad mouthing a company that is trying to provide college and university level courses to the poorer regions of the world. I'd rather start out by giving them the benefit of a doubt. whereas, I get ads quite often for seminars in the area offering to teach me how to make a fortune in real estate, they have conditioned me to the idea that such offers are scams.

a reply to: dawnstar

To anyone who actually wishes to see what is blatantly OBVIOUS:

Secretary of State Hillary Rodham Clinton...was MORE than enthusiastically funneling $55 Million taxpayer dollars down a "highly leveraged" financial rat-hole:

-- "$4.7 billion in debt that has been cutting into the company's bottom line, with hundreds of millions in losses over the past several years."

--"lost money every year since 2010."
(Source: Baltimore Sun)

...AS LONG AS $16.5M was guaranteed earmarked 'off the top' to find it's way in Bill & Hillary's personal accounts and up to $5M was guaranteed to be funneled back into the Clinton Foundation's coffers.

a reply to: IAMTAT

again, dirty money floating around... nothing new here, and it's not just one political party guilty of it.
how much money was funneled down bush's war disaster? and, well, who in his administration and buddy list benefitted from that mess?

a reply to: dawnstar

Straw man much?

Not seeing the Bushes mentioned in the OP.

Hm, I really hadn't looked in to this, but after a tiny bit of searching, I found something interesting:

In 2000, Laureate Education purchased the Universidad del Valle de Mexico; it plans to open a new branch in Guadalajara. Laureate also owns Universidad Interamericana, a private university with campuses in Costa Rica and Panama, and part of three private universities in Chile.

Journal of Studies in International Education
Philip G. Altbach and Jane Knight
The Internationalization of Higher Education: Motivations and Realities

As in this Panama?

a reply to: dukeofjive696969
you need to compare the two scandals then you will see the truth. Trump University grads are employed while university grads from all other are in line for unemployment or just no longer in the work force.