NEW YORK – Bill and Hillary Clinton’s attack on Donald Trump over Trump University could invite increased scrutiny of the Clintons’ involvement in a for-profit education scandal in which a company that runs shell colleges paid Bill Clinton $16.5 million to be its pitchman.
While the Clintons were collecting millions, Hillary Clinton’s State Department funneled at least $55 million to a group run by the college company, Laureate Education Inc., according to Peter Schweizer’s book “Clinton Cash” as Breitbart reported.
Clinton abruptly resigned from his post as “honorary chancellor” in April 2015 when the disclosure was publicized.
Documents uncovered by Washington-based watchdog Judicial Watch show Laureate Education paid the former president through a “shell corporation” pass-through account that evidently passed State Department scrutiny while Hillary was secretary of state.
Further, in a story showing how for-profit colleges encourage huge student debt, Forbes found the biggest borrower on the for-profit college list is Laureate Education’s Walden University, whose grad students borrowed $756 million in 2014.