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A whole new book about the tax syphons.

Congress, meanwhile, would occasionally hold hearings to allow elected ­officials to wring their hands over the growing scandal in for-profit higher education, but like any multibillion industry, its leading proponents answered by throwing around money in Washington. The Apollo Group (the University of Phoenix), for instance, made $11 million in political donations in 2007 and 2008, Mettler reports — about double the campaign contributions of Goldman Sachs, Time Warner and Walmart that election cycle. In her telling, John Boehner is speaker of the House largely because the for-profit colleges and private student-loan bankers gave so generously to his leadership PAC during his years as chairman of the House Committee on Education and the Workforce.

(For more on America’s ongoing for-profit college scandal, click on this post’s category, CLICK-THRU U.)

Margaret Soltan, July 4, 2014 6:35AM
Posted in: CLICK-THRU U.

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2 Responses to “A whole new book about the tax syphons.”

  1. dave.s. Says:

    Yee Haw! Corinthian Colleges to sell 85 campuses!

  2. Margaret Soltan Says:

    dave .s.: Yes. This was totally in the cards. One does wonder, sometimes, why people decide certain business models are going to work. OTOH, I guess plenty of people got rich before the model collapsed.

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