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Rubio Also Feeds Off of Phony Colleges

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In the debate yesterday, Marco Rubio noted the 3 lawsuits for fraud against Trump University. “TU” was a private college existed for 5 years (2005-10) and had about 10,000 students. It fed off of federal loans available to students.

What Trump did not know, however, is that Rubio has been the spokesmodel for the phony private college industry, receiving large campaign contributions (over $27,000) from executives of Corinthian College and others, and intervening with the U.S. Department of Education to stop the Department from sanctioning those private colleges. As Bloomberg News reported (April 29, 2015):

Last summer, Senator Marco Rubio of Florida asked the U.S. Department of Education to “demonstrate leniency” toward Corinthian Colleges by permitting the wealthy for-profit company to continue accessing millions of dollars in federal financial aid while it was cooperating with a federal investigation.

Ten months later, the company shuttered its remaining 28 campuses, instantly displacing some 16,000 students just days after it was fined $30 million by the Department of Education for a scheme involving “confirmed cases of misrepresentation of job placement rates” for as many as 947 students. The decision to close shop came after years of federal and state investigations into the company.

So, while Trump no doubt obtained money by selling his name to “Trump University,” Rubio has been the henchman for phony private colleges.  The pot and the kettle come to mind here.

http://www.progparty.org/


Source: http://www.progparty.org/node/519


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