Romney Attacks Student Loan Reform, Touts For-Profit Colleges
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That’s not all. The political action committee of the Apollo Group, owner of the largest for-profit education business, the University of Phoenix, has contributed the maximum $5,000 to Romney’s campaign, the company’s only contribution to a 2012 presidential candidate. Goldman Sachs, the number one source of contributions to Romney, owns 41 percent of EDMC, one of the largest for-profit college businesses, currently being sued by the Justice Department and investigated by state attorneys general for fraud.
When a candidate endorses his donors’ businesses, without even telling you they are donors (and business associates), there is legitimate concern that those donors might receive favorable treatment after the candidate is elected.
But give Mitt Romney credit: Now he has told us flat out that, when it comes to higher education policy, he will favor the business interests of his donors — at the expense of students and taxpayers — when he’s elected. Voters will have to decide what to do with that information.
David Halperin, a Senior Fellow at United Republic, advises organizations on strategy, policy, politics, communications, and legal matters. He was previously the founding director of Campus Progress, and senior vice president at the Center for American Progress.