Former President Bill Clinton became an honorary chancellor of Laureate International Universities, which turned out to be incredibly lucrative. He was paid a cool $16.5 million between 2010 and 2014 for his role with the for-profit college.
There are five schools in the U.S. that operate under Laureate’s umbrella. Walden University is a Laureate school in Minneapolis, and even though its parent company had the money to pay our former president $4 million a year, Walden charges students nearly $60,000 in tuition and fees for most undergraduate degrees.For-profit colleges have been investigated and shut down in recent years for breaking various state and federal laws. This all leads to a pretty high price tag for American taxpayers.
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